I Day Traded Reliable HUI/XAU/Gold Lead Indicator NEM Short Today

I day traded reliable HUI/XAU/Gold lead indicator NEM short today, shorting it at 49.2301 and covering at 49.1199. I missed a good shorting opportunity just after the open (my focus was on GDX, the Gold Miners ETF) when NEM put in two very large bearish spikes, see http://finance.yahoo.com/q/ta?s=NEM&t=1d&l=off&z=l&q=c&p=&a=p12,fs,w14&c=.

I'm realizing that I need to watch lead indicators NEM/WMT as well as GLD (gold ETF) and other ETFs (QLD/QID/UWM/TWM/SSO/SDS etc) for trading opportunities, and shouldn't focus too much on just one stock/ETF. Looking for large bearish spikes (or bullish inverse spikes) on the intraday and daily candlestick charts is very useful for identifying good trading opportunities.

Just before yesterday's close and right after today's open reliable market lead indicator Walmart (WMT) put in a very large bearish spike, see http://finance.yahoo.com/q/ta?s=WMT&t=5d&l=off&z=l&q=c&p=&a=p12,fs,w14&c=, which correctly pointed to significant market weakness early today.

....... http://www.JoeFRocks.com/ .

HUI NEM XAU