COPX
Global X Copper Miners Etf
$71.71
Tue, Nov 3, 2026 close (weekly items: Fri, Oct 30)
Thematic ETF · entry card
| Buy zone (breakout retest) | — | — | no confirmed breakout, so no retest zone |
| Profit-Taking Zone | $80.44–82.82 | +12.2% to +15.5% | wk high 07-24, wk low 02-06, wk low 02-20 |
| Trading stop · daily close | below $70.16 | -2.2% | trading downgrade |
| Trend stop · Friday close | below $63.88 | -10.9% | trend downgrade one state |
| Breakout Buy Level | close above $78.34 | +9.2% | top of R1 (wk high ’25-12-26, wk low 05-08) |
APPENDIX · COPX · TECHNICAL TRADING SCORECARD
Scores · Trend 16.7
| RS vs S&P (20) + sector (10) | 0.0 + 0.0 = 0.0 / 30 |
| Structure (6 checks) | 10 / 30 |
| Score = (RS + structure) × 100/60 | 16.7 / 100 |
| Raw state (Up ≥ 60 · Down < 45) | Down |
| Confirmation (2 consecutive Fridays) | confirmed Down |
| Trend (confirmed) | Down |
✖ Fri close above 40-wk SMA 0/6 · ✖ 40-wk SMA rising (4 wks) 0/4 · ✖ No lower high vs cycle high 0/5 · ✖ Fri close above 20-wk SMA 0/5 · ✔ Fri close above 200-wk (4-yr) SMA 5/5 · ✔ 4-mo SMA > 13-mo SMA (completed months, to Sep) 5/5
Weekly raw states: 09-25 Up → 10-02 Up → 10-09 Neutral → 10-16 Down → 10-23 Down → 10-30 Down. Coppock, band position, breadth and modifiers no longer enter the Trend score (Coppock chart below is reference only). |
Scores · Trading 24.7
| RS (S&P 20 + sector 10) | 0.0 + 0.0 / 30 |
| Structure | 3 / 25 |
| Coppock (daily) — negative & falling | 2.5 / 25 |
| Band position | 19.2 / 20 |
| Raw | 24.7 (Established Down) |
| Modifiers (10-yr > 5% rising −3, seasonal −2) | +0 |
| Final | 24.7 Established Down |
| ✖ Close above 50-day SMA 0/5 · ✖ 50-day SMA rising (10 d) 0/3 · ✖ Close above 100-day SMA 0/4 · ✖ Close above 200-day SMA 0/5 · ✔ 200-day SMA rising (20 d) 3/3 · ✖ No daily lower high (last two swing highs) 0/5 |
Relative state (weekly RS vs 16-wk SMA + 2-wk slope; daily RS vs 15-d SMA + 3-d slope; Neutral ±0.25%; phase price = next Fri / next close, benchmark flat)
| Horizon · benchmark | State | RS vs SMA | RS chg | Phase-transition price (COPX close needed) |
|---|
| Trend · S&P | 5 Established Down (−) → | -13.36% | -9.09% | Est. Up ≥ 83.85 (+16.9%) · Est. Down < 79.19 |
| Trend · XLB | 5 Established Down (−) ↓ | -16.60% | -13.13% | Est. Up ≥ 87.17 (+21.6%) · Est. Down < 83.93 |
| Trading · S&P | 5 Established Down (−) → | -4.68% | -3.63% | Early Up ≥ 75.15 · Est. Down < 74.74 |
| Trading · XLB | 5 Established Down (−) → | -7.84% | -5.63% | Early Up ≥ 77.47 · Est. Down < 77.06 |
Full bands (cluster rule: 2 or more tools within 3%; Δ vs 71.71)
| Band | Range | Distance | Tools in the cluster |
|---|
| R3 | 83.10–84.93 | +15.9% to +18.4% | wk low 09-18 83.10 · 200-day SMA 83.35 · wk low 08-21 84.93 |
| R2 | 80.44–82.82 | +12.2% to +15.5% | wk high 07-24 80.44 · wk low 02-06 81.10 · wk low 02-20 81.78 · 40-wk SMA 82.82 |
| R1 | 76.50–78.34 | +6.7% to +9.2% | wk high ’25-12-26 76.50 · wk low 05-08 76.53 · wk low 06-12 77.42 · wk low 05-22 78.34 |
| S1 | 70.16–71.45 | -0.4% to -2.2% | wk low 01-02 71.45 · wk low 07-10 71.05 · 50% 70.96 · wk low 04-03 70.16 |
| S2 | 63.88–64.12 | -10.6% to -10.9% | 61.8% 64.12 · wk high ’25-10-31 63.88 |
| S3 | 56.93–58.36 | -18.6% to -20.6% | wk low ’25-10-24 58.36 · wk low ’25-11-07 57.41 · wk low ’25-11-21 56.93 |
| ATH | 99.99 | +39.4% | all-time high; Profit-Taking fallback when no 2-tool band sits above the Breakout (extensions no longer used) |
Coppock, breadth and RS (reference only; not in the Trend score)
Stops & phase transitions
- Tier 1 (trading stop): daily close < 70.16 (-2.2%): trading downgrades one state, re-anchor to S2 63.88–64.12.
- Tier 2 (trend stop = Trend Breakdown / invalidation): Friday close < 63.88 (-10.9%): trend downgrades one state, re-anchor to S3 56.93–58.36.
- Trend vs S&P: Est. Up ≥ 83.85 (+16.9%) · above its 16-wk avg ≥ 83.85 · Est. Down < 79.19 (+10.4%) (next Friday, benchmark flat).
- Trading vs S&P: Early Up ≥ 75.15 · Est. Down < 74.74.
Sluymer context
- Not named in the 15 reports reviewed (Aug 18 – Oct 13, 2026).
Notes & caveats
Thematic ETFs holding, entry card (treated like the US Watchlist). Holdings: issuer file as of 2026-10-20 (Thematic ETFs bot list: /home/box/thematic-etf-scorecard/latest.json (built 2026-10-21 07:51 PT, from PortfolioDashboardBBG.xlsx MASTER!CK6 'THEMATIC ETFS' block; live at https://skc-thematic-etfs.pages.dev/)); Theme: Copper Miners. Benchmarks: S&P 500 (20 pts) and XLB (10 pts). Trading items and bands use the Tue, Nov 3, 2026 close; trend uses the Fri, Oct 30 week. Entry levels: Buy Zone = breakout retest zone (BUY names only: from the broken level down to the floor of the resistance band it came from, or level −2%, whichever is tighter; a weekly close below = failed breakout); Breakout Buy Level = top of R1; Trend Breakdown (invalidation) = S2 floor on a Friday close; Profit-Taking = next resistance band above the breakout. Verdict: AVOID = Trend Down (confirmed on two Fridays) or Friday close below a falling 40-wk SMA; BUY = a weekly close above a Breakout Buy Level fixed from the prior week's data with ≥2 tools within 3% (most recent such breakout in the last 4 weeks), every Friday close since and the latest close still at or above it, and Trend not Down; WAIT = otherwise. Buy Zone is reference only. Coppock = 10-bar WMA of ROC(14)+ROC(11), standard settings used as a placeholder because his are unpublished; DAS is omitted. Zone = sign + 3-yr percentile; direction = 2 bars. SMAs are simple; swings are 5-bar extremes; the channel is a 2-yr log regression ±2σ. The breadth proxy is the % of 500 current S&P 500 members with a rising weekly Coppock; it has survivorship bias, is a regime input only, and no other stock was scored. Weights are our choices (playbook §10); the state rule matched 86% / 83% of his sector states in-sample. Data: Yahoo Finance (unadjusted); weight from the Portfolio Dashboard (PIM 11/2 EOD, read-only).
