The XME has rallied sharply this year. Being an ETF we don't have the advantage of a Power Gauge Rating ( yet! this feature is supposed to be released soon!) We do have very bullish money flow along with positive relative strength. Another observation in favor of the XME is the Overbought/Oversold oscillator is well within Oversold territory. Of course, it can stay in the oversold range for an extended period, but I think this one is simply taking a breather.
BOT +145 XME @20.46