Direxion Daily Gold Miners Index Bull 2X Shares (:NUGT)

Strategy Session April 9th, 2020

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  • champ: $TNA $NUGT....both turned, about 15 minutes ago....might continue, I'm trailing.
  • champ: $TNA $TQQQ $NUGT....I'm currently holding these ETF's.
  • champ: @Onthemark $DASH $OC ....I took profits because everything was way-up....and Now I will wait to see how things play out. Good Luck!..... ....and I'm also waiting for whatever happens........ ....and I will continue to work the Markets, to Trade the Markets..... ..Yes the Markets will let us all know, what to do..... and for me, I will continue to trade the zig-zags.... ....and for now, I'm only holding.....$TNA $TQQQ and $NUGT....... plus I'm still trading $OLLI,...the zig-zags..... ....and I'm guessing after tomorrow, I will be moving back to being a cautious Market Bull.
  • bigbartabs: @champ $DASH $OC $TNA $TQQQ $NUGT $OLLI ... I'm only in $UDOW $SPXL with big positions, since blue sky. Once $NDX gets above 19939, and $RUT above 2286, I'll likely start those again. Resistance is becoming a bigger deal since top of channels.
  • champ: $NUGT...HOD...Gold is on the move again....I'm Trailing with a safety stop, would like to swing.
  • champ: $SSO...another nice #U-turn and I'm going to swing this again and also $TNA.... .....however I took $NUGT off.
  • champ: $NUGT...is HOD at $48.73, #gold is still moving and we always expect zig-zags.
  • champ: ...
    ...$SSO $TNA $IBIT $NUGT.......so I kinda when out on a limb, with these 4-ETF test swings, into Monday morning, for a look see.....and I will or I would like to add-on, to these ETF's.....plus I would also like to be able to swing these ETF's...may ...
  • champ: $SPY and $SSO has now drop down to $86.25....and it looks like the Markets are looking for direction, at these high market-levels....... .....and ETF's have mostly all fell back..... .....and I'm Watching for Entries and Add-ons, on a few of my Trades........ $SSO $TNA $IBIT $NUGT...my ETF-targets are dancing around...and I'm holding small swing-positions on these ETF's....... ....and I'm looking to Build, at some-point. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: @bigbartabs $SPXL $SPX $DJI $SPY $UDOW #Thanks...OK...got it on $UDOW, however I mostly always Trade off of positive News, like that #Powell-news, so I will watch $UDOW, along with my $TNA and $SSO positions and I'm also still holding $IBIT and $NUGT, for Now. ....and all are Bounce-Candidates, with the MarketsIMO, could be both for shot and long term now, because of that New...positive-Powell-news.. .....and $TNA, this small-cap ETF, is a #huge-lagger... and now appears to be spring-loaded and is only Waiting for the Markets, before it mades its next move and I'm looking at 2021, when it was at $114 and all the others are back at around their highs...$SSO, $UDOW and others. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~ However I expect all kinds of zig-zags, as I wait, to add-onto my ETF positions.
  • champ: $TNA.. at $43.44....$SSO..at $85.22 $SSO.... $NUGT..at $48.32...I'm currently holding these 3-ETF's...because Fed-chair Powell said this morning, at that Jackson Hole Economic Symposium... Quote....rate-cuts are imminent, so it is a done deal now...because he can't go back now and change his mind. ....The market believers.. now believe, that the Markets should have a #Pre-Market-move, a short-term-move, into the next FOMC Rate Cut Decision, on September 18th, around 16 Trading-days from now........... ....Thats the current market Set-up and always have to expect zig-zags along the way............. ..........Swing Risk-on, Game-on, will see how it goes. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: $SSO $TNA $NUGT $IBIT....I looked at next week, up-coming #Economic-reports and it is very usual.... because there are #No-economic-reports, coming up next week, that would Rock-the-boat on this new Market move..... ... only very minor Reports next week and #None will have a high trading impact on the Markets...could take a look and Check-it-Out........ ...so it looks like this nice Market move will/should continue..... is Why I'm swinging new-Risk, that is higher than normal, into Monday morning. >>> #Swing-Risk-on, for sure and I expect that the Markets could close on their HOD's. ... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • bigbartabs: @champ $SSO $TNA $NUGT $IBIT #Economic-reports #No-economic-reports #None #Swing-Risk-on ... the main risk is still the middle east flaring up over night. But so far it seems a stale mate.
  • champ: @bigbartabs $SSO $TNA $NUGT $IBIT #Economic-reports #No-economic-reports #None #Swing-Risk-on...that risk is still Out-there but with negotiations still going on.... .....and also last night, the Vice-President warned Iran and all the other countries, #Quote....that the U.S. will be protecting Israel, 100%, against any new attacks, from any countries, against Israel, thats what she said, so she can't back-off that warning now... or at anytime before the Elections...because she is #Now-on-record...period...and that was a surprise...and if she doesn't follow though, she will lose the Election. Thats my take for FWIW. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • Onthemark: @champ $SSO $TNA $NUGT $IBIT #Economic-reports #No-economic-reports #None #Swing-Risk-on I believe the biggest risk next week is $NVDA earnings after market close on Wednesday.
  • billyzeke: @Onthemark $SSO $TNA $NUGT $IBIT $NVDA #Economic-reports #No-economic-reports #None #Swing-Risk-on Definitely, and I dread the how much should I hold decision I'm going to have to make.
  • champ: @Onthemark $SSO $TNA $NUGT $IBIT $NVDA #Economic-reports #No-economic-reports #None #Swing-Risk-on.......Sure but thats after Monday....and common sense will be in play, some will hold into earnings and others will take profits before and wait and see how it plays out on Wednesday...and in Market time, thats 3-full trading days from now...and in the next 3- treading days, Investors could make a hell of a lot of New-profits....before they report, thats the play, the play is now, before, IMO, then on Wednesday afternoon, that will be a concern...but Not now. ~~~~~~~~~~~~~~~~~~~~~
  • champ: $NUGT...at $50, still zigzagging higher...posted yesterday, to watch for a turn at $49...and it is hard to hold size in this sector...so I'm only holding 300 shares, for now....because I still want to have some exposer in this sector. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: $NUGT...could watch for a turn, at around $49.00 and is following the Daily Gold chart...could make a nice #U-turn....and direction in the short term is still positive but we never know...... .....and I did get back-in, for another Spec, I'm going to try ...to swing again, however my stop is at around entry, at $48.80....and direction is unknown.......... .....and my last swing position, I was in at $42.33. .....and today...HOD was at $50.94 and LOD was at $49.05. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The set-up is still about Interest-Rates and the Middle East........ ...just traders and they are active, we took profits this morning... but they will always chase that Pot of Gold, #if it starts another move. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ .............Bounce-Candidate..............
  • traderbren: @scottrades $GLD - yep, long $NUGT and $GDX from last week. Holding on for some more. ;-)
  • champ: ...
    ...$NUGT...I added this morning.......
    ...$TSM and $CMG...sold both........
    And as of Now I'm holding 13 position...and for Now my account is up nicely, now that Options-Friday is now in the rear-view-mirror......
    ....and I'm aware that anything cou ...
  • champ: For now, I'm only 36% invested in the Markets and that % is working nicely, however my guess is, I will slowly keep adding, if the Markets lets me....and I might only add to existing positions, however that % does not count my Day-trades.....and I'm adding Day-trades to some of my Existing positions....and I would like to swing those also, if the Markets cooperates. $NUGT...is dancing around, this is my Middle East and Interest Rate Trade. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ....I'm only saying, that this is how this cautious-swing-Bull is working...FWIW. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • oldmaratom: @champ $NUGT #Thanks Champ, your tell is always words to heed.
  • champ: $NUGT...might start to get some potential-resistance, as it move closer to that $50-$$$-level, however...I'm working from below. ...These are Yo-Yo-trades....$NUGT $XOP $XOM $KMI $PAA, for Yo-Yo traders only, however could say that about all positions. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • oldmaratom: @champ $NUGT $XOP $XOM $KMI $PAA @champ, #have you seen $ASTS or ASTSW
  • champ: @oldmaratom $NUGT #Thanks......Maybe 7 or 8 out of 10...however for me...I always need to remember, that everything is only a guess, off of the Past, so there is No real reason to move Fast....but there are reasons to make Moves and Build, because...thats what we do and we don't want to get left behind...with only Bad-entries. ...So always...Be-aware, that we are #all CopyCat-buyers-and-sellers...... .......and the Computers are our #1-enemy....... because they trigger all of the zig-zags and also, all of the Buying and Selling. Good Luck! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: @oldmaratom $NUGT $XOP $XOM $KMI $PAA....... $ASTS #have...Yes #Thanks...$ASTS #Momentum-mover, these are others....$ALZN..... $SOND...... $FUBO..... $ZIM.... $RDFDN.
  • champ: @champ $NUGT $XOP $XOM $KMI $PAA $ASTS $ALZN $SOND $FUBO $ZIM $RDFDN #have #Thanks #Momentum-mover....$RDFN...and maybe $SERV..?
  • indigo1948: @champ $NUGT $XOP $XOM $KMI $PAA - holding $KMI, $XOM, $DRIP, $WMB, $GDX and $ASPN - very nice move on $ASPN. Are you still holding $CMC?
  • champ: @indigo1948 $NUGT $XOP $XOM $KMI $PAA $DRIP $WMB $GDX $ASPN......Yes I'm still holding $CMC....and I'm watching others like $NUE and $STLD.
  • indigo1948: @champ $NUGT $XOP $XOM $KMI $PAA $DRIP $WMB $GDX $ASPN $CMC $NUE $STLD - thanks - a lot of watching right now-all the best.
  • Onthemark: @champ $NUGT $XOP $XOM $KMI $PAA $ASTS $ALZN $SOND $FUBO $ZIM $RDFDN $RDFN $SERV #have #Thanks #Momentum-mover Thanks for mentioning $SOND. Got in and like the news and potential.
  • champ: $NUGT....I added to this Middle East swing position...and I'm Trailing this add-on.
  • bigbartabs: @champ $NUGT ... sand? Was that a Freudian slip?
  • champ: $NUGT...nice move and I'm a swinger and I added this morning, Now I don't know, if the News is going to take me out........ or this nice Trade could continue............. ........However for Now, this continues to be a nice #News-trade....and I'm chasing this Pot of Gold.....and my next move is unknown........ ....because I don't know what Israel is going to do, on those Cease-fire talks..... and if those talks fail, many are expecting Iran to hit Israel....... ....and thats the Set-up. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • RichardinME: @champ $NUGT #News-trade I don't think this all do to tensions. Gold/GLD have been in an uptrend for a while but have not been as rewarding as Equities and Crypto over the years. I think it goes higher based on the charts and weak dollar alone. I just wish I did not sell my $GLD OCT calls Wednesday after a CPI. For me it's harder to pay more for something two days later.
  • RichardinME: @RichardinME $NUGT $GLD #News-trade Also, $MSTR had a huge 10/1 split. Sometimes this helps but look at what the added liquidly did to $CMG price? Completely different stocks but maybe smaller share price is adversely affecting share price?
  • champ: @RichardinME $NUGT $GLD #News-trade...Yes sir, I agree and there are many long-term Gold-investors.....however for me, I'm #only a short-term-Swing-trader, on this Gold-ETF, see my posting thread, for #my reasons Why. ~~~~~~~~~~~~~~~~~~~
  • champ: $NUGT...is HOD, the Pot of Gold-profits is growing Fast...and Gold is also on an ATHigh. ~~~~~~~~~~~~~~~~~~~~~~~
  • champ: $NUGT...it sure looks like that I will be swinging my position again, into the unknown. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I had a few #Leprechauns in my Bedroom last night, looking for my #Pot-of-Gold position and I heard them say, that they couldn't get into my computer.....and that I was probably going to hold over the weekend, like they were going to do and they would come back and try again on Monday night. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ .....My Trading room, has everything that I need in it and I even have a bed and a bathroom in it.... because I get up really early, at around 4:30 AM, PST, California-time, in this type of Market. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • cgendro1: @champ $NUGT #Leprechauns #Pot-of-Gold- I am too old to be getting up that early LOL! Did plenty of that in my working yrs! But I am on EST which makes it easier :)
  • champ: @cgendro1 $NUGT #Leprechauns #Pot-of-Gold...Early to Bed, early to Rise, makes a Man Healthy, Wealthy and Wise.....and I get all the opening News and then I get to pick-out the Best stock Targets...before they move.
  • champ: On $NUGT...my position size was just too large, so I took 65% off, with real nice swing profits....and that allowed me to swing my other 35%...... ....and I made this move, only because of #Risk-Management, so I had to down-size my swing position, even though this swing, has large swing-Profit-Insurance. ....I didn't want to take profits off...but this was because.... I have been around for a long time and I seen many lose their profits and even more than that, on large Gold swing positions....and then they just disappear. ~~~ However honestly, I have to say, that I had Risk-management voices in my head, that were screaming at me. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • Onthemark: @champ $NUGT #Risk-Management Very good trading style!
  • champ: $NUGT....I'm still holding this swing, 1/2 size, might add back the other 1/2 that I took profits on..... ....I want to have Gold exposure because of the Middle East. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • traderbren: $GDX - looking constructive here. Or, if you want more juice, consider $NUGT
  • scottrades: ...
    Keep an eye on $SBUX this morning as we have a shakeup at the top, the stock is up nicely at the open. Elsewhere, keep an eye on Gold and the Gold miners. There’s a few that I’ve mentioned in the past including $NEM, $AEM, $EGO, $KGC, an ...
  • DAN: @scottrades $SBUX $NEM $AEM $EGO $KGC $GOLD $NUGT $SPOT $TSLA $NVDA $META $IOT Great note, Scott! Very informative. You are keeping all of us on track, and I appreciate it! Dan
  • champ: $NUGT $JNUG....both are HOD and the current price of Gold is still holding at $2,510.
  • champ: $IBIT $JNUG $NUGT....all 3 are HOD....
  • champ: $NUGT $JNUG...HOD...and the price of Gold is still hanging in...
  • champ: $SSO $TQQQ $NUGT $IBIT....#new-ETF-positions this morning around the LOD's....Trailing, with safety stops...my plan was, just going to see how they play out. Day-trades, would maybe like to swing partials, if I get that far. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: $SVXY $SSO $TQQQ $NUGT $IBIT....all are working and $SVXY is out performing.
  • champ: $NUGT...HOD...strong, but just fell back a little....this moves off of News and is always a News-mover and I added and Gold is at $2,458, gold might be a safe place to be...and could even be in play, all the way into the elections.......
    .....because ...
  • champ: $NUGT $JUNG....this is something to maybe think about, for hedges or just positions ...because in early January 2020, $NUGT hit a high of $225 and $JUNG hit a high of $1,052.......I'm holding positions in both...and for Now these are the only 2-ETF's that I'm currently holding...and I will be swinging positions in both. ....I'm also expecting zig-zags. ~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: @DavidK #High-alert....It will all depend on what happens, on what Iran does and Iran really can't do a lot....... or Israel will take out all of their top people and also all of their Nuclear facilities and everything else that makes their Military tick and also all of their Military, would also be hit, with Air power, plus 1,000 of Missiles, this will be a different type of war...however ground forces would also be used.......and Israel has been planning for this type of #defenses attack on Iran for years. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ For me....I'm holding $XOM $XOP and $NUGT $JNUG.....and I don't really know what else to do, for now..... ....plus all of this War-noise, is also #forcing me out of some of my other positions, not all yet, so I'm watching the #News, more closely now. Good Luck! ~~~~~~~~~~~~~~~~~~~~~~
  • champ: $NUGT at $43.70....and for those looking for a little help, at trying to figure out Market direction, we could watch the price of Gold tonight....because that might help a little...and the price of Gold is #currently at $2,513.40, which is up $40.00, ...
  • champ: $XOP ...I keep forgetting that I'm also swinging this ETF, 300 shares... ....and on $IBIT...I'm swing 600 shares..... ....$NUGT and $JNUG, I'm also swinging 600 shares in each........ I'm holding nice Swing-profit-Insurance on all of these ETF swings...and on $IBIT, I'm trading the zig-zags and If you were to look at the Chart, then you could see, somewhere around where my Entries and Exits....were, I'm a trader and this is what I do everyday, I trade and swing. FWIW ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: @Wolf #Late-again #recession.........These swings were the play....$UVXY $SDS $SQQQ $NUGT $GDX $GLD..... and Exactly... a mild or hard recession, for sure...... .....and they were Late-to-raise and Now they are going to be Late-to-cut....and thats is also exactly what has happened in the Past.... ....they let inflation climb too-Fast and Now they are going to Wait-too-long before they cut.....and mean-while the Economy will suffer again....and so will everybody else, who is on a budget and thats not good at all....... .....however some of #Politicians are really happy..... .....but it won't even phase most of us. .....So it is Now...100% certain that they are now going to cut in September. FWIW ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • Wolf: @champ $UVXY $SDS $SQQQ $NUGT $GDX $GLD #Late-again #recession #Politicians With the #Fed, nothing is 100% certain. It is an election year, but Powell said they are not politically influenced.
  • champ: @Wolf $UVXY $SDS $SQQQ $NUGT $GDX $GLD #Late-again #recession #Politicians #Fed...Yeah right or maybe they are just stupid...because they waited too long too-raise....I think that they need someone on their board, who is a Businessperson, who knows how to run a business, like James Dimon. ~~~~~~~~~~~~~~~~~~~~~~~~
  • champ: @Wolf $UVXY $SDS $SQQQ $NUGT $GDX $GLD #Late-again #recession #Politicians #Fed.......#OT......I guess, if they are helping one side, politically.... it has to be the Republicans... because they are making it harder for the Democrats to win....because when they cut rates, inflation is not going to stop overnight..... and many won't be able to find a job...... .....and Pre-voting is already going to be starting in some states. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  • RichardinME: @champ $BOIL $KOLD #Good #play I did not just mean $BOIL AND $KOLD. $UVXY, $NUGT and does of other leveraged ttf;s. They may work good for a short-term trade but in the end if you look at a 5 plus year chart of these and dozens of other suspects they all come down. Provided you don't get wiped out on a short covering
  • champ: @RichardinME $BOIL $KOLD $UVXY $NUGT #Good #play......Yes sir.... I understand but for me, even 30 is long term...so I don't get concerned about these type of ETF's...and I day-trade all of the EFT's, with mostly only small swings and I already took ...
  • normr: $NUGT - $NUGT on the move. Note declining volumn however. Just added to a small position started yesterday.
  • traderbren: @Mikev200 $GLD - yep, working. Also keep an eye on $NUGT - with an alert at 39.93 (50d) as we could see a move higher.
  • camaro69: $EGO,$NEM,$GOLD,$NUGT moving nice today
  • Nepenthe: $GDX After a slow, downward start this morning, now it's above 36, a level at which it's sold off before. It's to be hoped it closes above. Long $NUGT. Cheers.
  • DrScience: $NUGT spiking above the daily 8 EMA on Powell comments.
  • Nepenthe: @scottrades Thanks Scott. Went in very small, to see if it holds above the 50ma. Went in big with $NUGT, and mostly out now. So a good day, all things considered. Cheers.
  • scottrades: @Nepenthe $NUGT Great work today!!
  • champ: @PTinME $GLD...This is also a keeper and it might not fall back very much before the weekend....and $NUGT is also in play.
  • PTinME: @champ $GLD $NUGT I would rather stay away from $NUGT do to the decay over time but might consider short term. Must have been nice being short the last several years:)
  • champ: @PTinME $GLD ....Yes I agree...$NUGT is for short-term, for me fast Day-trades....and $GLD is for swing trades and Investment positions, however it has already dropped over $4 off of HOD, could be topping-out....so this is being traded also, on Days like today. ....However if the conflict in the #Middle-East expands, this would be the ETF to hold. I'm out for Now. Good Luck!
  • scottrades: ...
    We’re seeing a pretty clear breakdown of the dollar and that’s been great to help Gold reach new highs. $GDX is trying to open above the 200 Day MA for the first time since January 2nd, and we could be seeing a real turn happening. Activ ...
  • scottrades: @uvadoc1 $GDX and $GDXJ. You can also look at $NUGT for a leveraged one.
  • champ: $NUGT....$31.95....this ETF could turn-out to be Golden....HOD was at $32.80 and LOD was at $31.75........
  • DrScience: @traderbren $GLD $SLV and $NUGT breaking above the longer-term downtrend line.
  • scottrades: $GDX $GDXJ $NUGT $GLD looking pretty interesting here
  • bigbartabs: @scottrades $GDX $GDXJ $NUGT $GLD ... I've been stalking GDX all morning, waiting for a pullback to add to NUGT. Could maybe happen now that we have 3 red 15 minute candles. The next run might put GDX higher on the daily chart. FWIW...
  • natural: @bigbartabs $GDX $GDXJ $NUGT $GLD Thanks for the heads up. I'm probably late to the game, but just started w a little $NUGT
  • champ: $TQQQ $SSO $UPRO $TNA $GDX $NUGT.....nothing really wrong, just Traders at work.
  • champ: $NUGT...is HOD and it is almost impossible to swing this ETF....and the swingers are going to have to do a Step-down-swing or swing something else, that might be easier to swing in this Gold-sector.
  • Nepenthe: @champ $NUGT I took a swing at it today and will hold some over. $GDX above 200 day on good volume, so I'll take a chance. Cheers.
  • bigbartabs: @scottrades $GLD $GDX ... good catch with gold... I started a $NUGT position yesterday, added some this morning. It seems with Defcon 1 US debt, and now with $1 Trillion in annual interest... gold just might be a good place to have a position. I've never been a gold investor... just a trader. Holding positions might now be in vogue.
  • champ: $GLD $NUGT $XOP....need to be sitting on a Gold-mine if something breaks-out in the Middle East........ ....and all of professional traders are waiting..... ....and for sure, they are all hard nose SOB's, because they really like wars.
  • maracom: Good morning all! Sorry I haven't been posting, been doing OT at work and putting in hours on the remodel. $GLD chart has been explosive, as expected when geopolitics heats up. Due for a pause but we're gonna be attacking the all time highs again very soon, I've bought multiple times in the last week and a half and I'm very overweight precious metals right now. #Trading: Long $NUGT $WPM $UNG $COIN, Short $SDS -Booked profit on $SDS and $NUGT this morning before the weekend -Had a $8 covered call on $UNG that will expire worthless -$UNG is just getting started, seasonality will be kicking in into the end of the year -Follwing @Scottrades with a $COIN starter #LTA: $DVN $FTI $FCX $NEM $GLD $SLV -Half positions in $DVN and $FTI. -$FCX reported good earnings but is still under pressure from decreasing demand in China for copper.
  • champ: $NUGT..new Spec position at $31.73...holding just in case something happens, Trailing.
  • champ: @Robert1965 $UVXY $XOP $CVX $EOG $FANG $NBR ........on $UXVY and $NUGT it is $0.60 cents for now but I might be flexible and on my Energy positions, I'm watching the #price of Oil.......
    ...getting some #selling Now.....so I'm watching.....
    ...and I ...
  • oldtimer: @bigbartabs $FLR $RUTAX $UNG $XLE $BOIL $XLV $CURE $ITA $DFEN $XLRE $DRN $XLI $DUSL $ERX $XLF $FAS $FNGS $FNGU $XOP $GUSH $XBI $LABU $ITB $NAIL $GDX $NUGT $XRT $RETL $SMH $SOXL $XLK $TECL $XLY $WANT $DJI $UDOW $SPX $SPXL $NDX $TQQQ $RUT $TNA thankyou for getting back to me
  • bigbartabs: @oldtimer $FNGU $XOP $GUSH $XBI $LABU $ITB $NAIL $GDX $NUGT $XRT $RETL $SMH $SOXL $XLK $TECL $XLY $WANT $DJI $UDOW $SPX $SPXL $NDX $TQQQ $RUT $TNA ... no problem. No system is perfect... but I've found that finding a process that matches up with what the majority / herd of seasoned traders stay within, is what you can depend on most. Finding that process is the key. The sad part is that it usually takes a lifetime to figure that stuff out! I've been trading for around 20 years now... and still feel like an idiot at times. Good luck... all the best...
  • bigbartabs: @oldtimer $FLR $RUTAX $UNG $XLE ... @oldtimer ... Of those pairs that I tend to track $UNG/$BOIL $XLV/$CURE, $ITA/$DFEN, $XLRE/$DRN, $XLI/$DUSL, $XLE/$ERX, $XLF/$FAS, $FNGS/$FNGU, $XOP/$GUSH, $XBI/$LABU, $ITB/$NAIL, $GDX/$NUGT, $XRT/$RETL, $SMH/$SOXL, $XLK/$TECL, $XLY/$WANT ... only $XLE $XOP are close to being above the 8dema. Also, $UNG is tough, since it doesn't correlate well with 3x $BOIL I always track the 4 index pairs... $DJI/$UDOW, $SPX/$SPXL, $NDX/$TQQQ, $RUT/$TNA... of which none are even close to the 8dema. The only one that could be worth starting a position is $DJI, that bounced off of the 200dma. All the best...
  • traderbren: $NUGT - primed for a pop as it clears the 50d...and dependent on what JP has to say....! ;-)
  • maracom: Good morning all! Precious metals starting to heat up as we come to the end of interest rate increases, which could spell the end of the recent dollar rally. Not planning on adding any leveraged trades ($NUGT $GDX $GDXJ $WPM $GFI) just yet, but $GLD ...
  • maracom: @DavidK $GLD @DavidK $GLD I have the same overall outlook as @Ray. I hold $NEM in my #LTA because it pays decent dividends to wait, of which there is A LOT of waiting, and I'll often sell covered calls to generate more income. I trade $SLV $NUGT $WPM $GFI as my main trading vehicles when precious metals start to look spicy (they are NOT at the moment, especially with the dollar rallying). The main reason to own it is as a geopolitical hedge (rather than an inflation hedge, as gold historically is uncorrelated with dollar inflation during early inflation cycles, but it catches up towards the end of the cycles as all hell breaks loose geopolitically). I'm a secular bull on copper and #wheel $FCX in my #LTA for this purpose as well.
  • DavidK: @maracom $GLD $NEM $SLV $NUGT $WPM $GFI $FCX #LTA #wheel #LTA thanks for views .
  • stairm01: $GLD $NUGT Seeing a move in GLD back above the 200 dma. Went long NUGT yesterday and added this morning.
  • scottrades: @scottrades $GLD Also seeing nice moves in $GDX and $NUGT
  • champ: $NUGT....HOD......
  • wijimmy: @scottrades #Bitcoin ... $NUGT, $GDX,$GDXJ .. running also
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Stock Price $36.32
Change 2.57%
Volume 2,519,170

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index. The fund creates long positions by investing at least 80% of assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. The fund is non-diversified.

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