Tag Archives: NUGT
Midday Missive
As far as looking at something for Risk off, it’s the Gold Spreads vs the Currencies. GDXJ has held it’s 200 DMA on today’s low.You have defined risk at today’s low. Gold is back above its 200DMA against the Euro … Continue reading
Miners & Gold
There were many market participants looking for a rate rise shorting the Gold & Miners as a surrogate trade. I thought it was a good idea to buy the miners for a contrary-trend pop last Thursday mainly off the oversold … Continue reading
Midday Missive
Technical s… Spu’s…2159.50 is today’s ORL# Nasd 100…4751.50 is today’s ORL# DAX…10,551 is today’s ORL# JNUG…16.89 is today’s ORH# NUGT…18.63 is today’s ORH# Oil…42.75 is next support and target. I shouldn’t have to explain these levels. https://www.whitewavetradingstrategies.com/glossary/
Daily Market Intelligence 9/1/16
Daily Market Intelligence 9-1-16
A.M. Look 8/26/16
The miners are up in pre-market as yesterday’s low is proving to be a good technical level for a bounce to gain some traction. Traders involved with NUGT should be using a stop against yesterday’s low. My mental stop is … Continue reading
Daily Market Intelligence 8/26/16
Daily Market Intelligence 8-26-16
Midday Missive
NUGT…
Daily Market Intelligence 8/25/16
Daily Market Intelligence 8-25-16
Daily Market Intelligence 8/11/16
Daily Market Intelligence 8-11-16
Midday Missive…W/VXX Stop adjustment
They tried the Spu’s down and held 2174 which needs to be penetrated on the short term maps for any downside. Spu’s back above 2180 late day will be the catalyst for another short squeeze. The board is a sector … Continue reading