Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Another boring, sideways day for GDX/NUGT so far. Don't fall asleep at the wheel though...currently trading back-to-back inside days...big move coming, direction TBD. Indicators on GDX are weakening on the daily, but that could be short-lived.

Still on the lookout for a flush to the low 22's on GDX to catch folks off-guard before a launch IMO. Hedged my NUGT position this morning with a small DUST position in case that happens. Ideally, I will get my flush to sell DUST for a profit and then double up on my NUGT position. If not, protected account balance to cut DUST for loss if NUGT runs. GL!