NUGT

Dec 6, 2016

After a real beat down its finally time for NUGT, JNUG, and all the miners to shine again. An 88.6% retrace of the last move appears to be the turning spot. Consolidation looks good, RSI ad %R are oversold and moving higher. TSI is crossing higher. Look for a 50% move higher.

Dec 15, 2016

Note

Gap down, then consolidation, then gap up =Island reversal. Could be forming. That would be bullish.

Dec 21, 2016

Note

Island Reversal still in play. Need a gap up at open. Double bottom still holding. I bought some JNUG Yesterday, set stop at Yesterdays low.

Dec 21, 2016

Note

Risk/Reward. Set stop at Yesterdays low.

Dec 21, 2016

Note

US Dollar (DXY) getting lower highs. Looks to want to continue.

Dec 23, 2016

Note

Notice how the previous bear flags formed, then we would have days (weeks) of down side, then another bear flag, etc. But now, we are having a base form. It doesn't look like a bear flag. Its not a rising channel. Its a flat channel. Expecting big things soon. Reversal Island still in play. We will soon get a gap up one morning and be off to the races.

Jan 4, 2017

Note