Tag Archives: Been
A stunning force in cinema, actress María Félix was celebrated Sunday with her portrait on Google home pages around the world.
Sunday would have been the actress’s 104th birthday. She died in 2002 at the age of 87.
Artist Paulette Jo, who is based in Mexico, created the depiction of the actress featured on Sunday’s Google Doodle. The image shows Félix posing in a black jacket and gold jewelry, with the words “Google” etched around her.
The depiction of the actress also features her beauty mark and raised right eyebrow — a characteristic for which she was known, according to her IMDB page.
Félix starred in more than 47 movies and defied stereotypical roles for women in film. She became a star in the early 1950s and made films in Mexico, Spain, Argentina and France. Her first major role came after she moved to Mexico City and starred in 1942’s El Peñón de las Ánimas. Her career took off from there as she landed roles that emphasized her toughness and versatility.
Félix never learned English. In Hollywood, she never accepted a role as “directors offered her only stereotyped parts as a Latin spitfire,” wrote the New York Times in a 2002 obituary for the actress.
“Though her career started in Mexican cinema, Maria Félix’s impact on cinema, art, music, and fashion reverberates overseas, transcending barriers to establish her as extremely influential female voice in international cinema,” Google wrote in its description of her.
The Google Doodle depicting the actress is available Sunday for users in the United States, Mexico, Costa Rica, the Dominican Republic, Nicaragua, Argentina, Peru, Colombia and a number of other countries.
Google often uses its search bar to honor legends, movements and holidays. Recently, the Google Doodle featured a depiction of the famed poet and memoirist Dr. Maya Angelou on April 4 — which would have been her 67th birthday. For that celebration, Google included the voices of Oprah, Laverne Cox, Alicia Keys and other prominent figures to honor Angelou.
For those that follow me regularly, you will know that I have been tracking a set up for the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX), which I analyze as a proxy for the metals mining market. I believe that the GDX can outperform the general equity market once we confirm a long term break out has begun, and I still think we can see it in occur in 2018. But, after last week’s break down below the December 2017 low, the set up will have to be resurrected first in the coming months.
I am not sure what more there is to say. We have had several break-out set ups break down in the GDX over the last year. Yet, all the market has done is consolidate sideways for an entire year. Clearly, this is not something I would have or could have expected. Moreover, we still have a 5-wave structure off the 2015 lows, which still keeps us in a longer term bullish perspective.
Since the GDX is a composition of a whole host of mining stocks, I think I have to resolve myself to understanding that the weaker stocks have certainly been a strong drag on the overall fund. So, until the weaker stocks prove they have a bottom in place, it seems quite clear that the GDX will continue to frustrate us.
With that being said, the miners we are holding in our EWT Miners Portfolio are presenting as exceptionally strong, especially relative to the GDX as a whole. Many of them seem as ready to break out similarly to the manner in which GLD seems poised to break out. Yet, when I go back to look at stocks like ABX, it seems quite clear why the GDX has been underperforming.
As you can see from the attached ABX chart, it has followed through down to lower lows in this current pullback. When I highlighted this chart a few months ago to our members of my The Market Pinball Service, I noted this lower low potential, and the ABX is now fulfilling that potential. But, as I also noted in those updates, the long-term potential being presented by this chart is quite strong. As you can see, the positive divergences evident on this chart as the market has dropped down to just below its .618 retracement of its 2016 rally is quite stark. This is often a precursor to a strong reversal which will likely kick off the larger degree 3rd wave which has failed to take hold over the last year.
Within the micro count of ABX, it would seem we are completing the wave v of (C) of y of ii. But, within wave v, we may still see another 4-5 structure before this completes its downside. That means that the 14 region is going to be the resistance over which it will have to rally in impulsive fashion to begin to signal that this wave ii has finally completed. Should that occur, we may see the ABX catch up quite quickly to the rest of the complex behind which it has been lagging.
So, in order to align the GDX chart with the ABX chart, I have to consider any bounce below the 22-22.66 region as being a 4th wave bounce, similar to the potential we see in the ABX. It will take an impulsive rally through the 22.66 region to suggest that the lows have been struck in the GDX, assuming the ABX is also impulsively rallying through its 14 region. Again, we will have to start seeing the laggards in this complex catch up and potentially even outperform to signal that a true low has been struck.
But, in conclusion, even though the GDX technically broke its recent (1)(2) structure, the metals charts still give me reason to remain bullish in the larger degree. As I noted to my subscribers, the short-term indications in my 144-minute silver chart suggest it is trying to bottom out, while the longer-term structure in ABX suggests it should also catch up to the rest of the market, which would allow the GDX to finally break out when the ABX is finally able to complete its longer-term pullback. Until such time, it seems the market is trying to teach us a lesson in patience, such as that exhibited by the biblical figure Job.
Lastly, it seems that Seeking Alpha has changed the way they tag articles. So, while my articles used to be sent out as an email to those that follow the metals complex, they are now only being sent out to those that have chosen to “follow” me. So, if you would like notification as to when my articles are published, please hit the button at the top to “follow” me. Thank you.
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Disclosure: I am/we are long PHYSICAL METALS AND VARIOUS MINING STOCKS.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: I significantly reduced my hedges, and only hold an appropriate amount for portfolio insurance at this time.