AMEX:NUGT   DIREXION DAILY GOLD MINERS BULL 3X SHARES
185 0 0
Out of NUGT             and JNUG             for now. Gold             has had a nice run and I don't think it's over, but gold             has clearly come under pressure the last few days.

I will be watching for one or both of two things to happen before I reenter. I want to see the CCI drop below -100. Once that happens I will watch for positive divergence in CCI and/or for CCI to rise back above -100 as a new 'buy' signal. Second, I will be watching the RSI for a drop to or below 30 as a signal that NUGT             has become oversold. Should the RSI actually drop below 30, then a new 'buy' signal would come with a rise back above 30.

No idea which of the above two signals will trigger first or at all or if NUGT             will find support around 47 and then reverse. Regardless, I don't think the run in gold             is over. I just think it is pulling back to a price that will attract more buyers where it will build a base and strength in preparation for the next leg up.

IMHO and subject to change without notice. GL
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out