TLTrader
Long

$NUGT getting in gear to 12, and then 16.

AMEX:NUGT   DIREXION DAILY GOLD MINERS INDEX BULL 3X SHARES
94 0 3
$NUGT appears to be oversold as $USD went on a tear after elections.
Comment: USD remains ascendant and $NUGT tanks with $GLD down $29 today.
Comment: Coming back from the dead. Taking out 10 should target 12. as RSI downtrend gets broken.
Comment: Gold remains in a powerful downtrend. . NUGT should have its upthrust to 10, then 12 when RSI downtrend is overcome.
Comment: Remains a clunker as unable to take out the RSI downtrend so far.
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