Short term momentum trader.
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Solid gold bounce still far away...
JNUG was up 20% and now it's only 5.8% in AH.
Most of this drop came in final minutes. Wow...
It will take few recurring pops like today to build a foundation that can stick.
JNUG at 3.73...as of this writing gold stocks are hitting HOD...
Would be nice to see a multi-day runner into tomorrow.
JNUG +20%, NUGT +17%...
And spot gold appears to have stabilized at the moment.
Perhaps gold and related stocks are trying to establish a bottom here.
Dollar, Gold, Energy, and Transportation are all up.
Very strange movement today as some of these combinations usually tend to move in opposite directions.
LOL
Yup...JNUG is a better upside play than NUGT currently.
Huge volume today...
Loving the volatility.
3x ETF sure can move fast up or down.
DUST and NUGT has been great scalping plays with
exciting intraday volatility.
Hope this volatility continues.
With NUGT and DUST...no need to short.
Just pick the side you want to play.
See if NUGT can close the gap at $13.20 tomorrow as a starter...and there are few more to go after that.
Market finishing on low and gold stocks finishing on high side.
I think we might get another double digit % pop tomorrow.
Oil is tanking again and dollar is pretty flat.
Spot price not rising with NUGT...I like it.
At least for right now, gold stocks are rising without the corresponding gold spot price increase.
Gold is the strongest sector today.
Up 12+%. If it holds, could run again tomorrow.
We may have seen a short term bottom.
Bottomed at recent $10's? AU up ~19% now.
Man, NUGT drops in a hurry, but it sure can move up in hurry too.
Gold is finding some breathing room today.
Gold ETFs hitting HOD...and dollar is rising as well???
Hmmm...recently, they've not often moved in the same direction...interesting.
Wonder if this is short term short squeeze bounce???
Anyway, I like the volatility.
AU up 15% after raised guidance. Few bright spots for gold stocks.
After 2 days of monster volume, NUGT seems to be stabilizing a bit here.
Also, the broad market is up/down and seems directionless so far today.
No good news on gold and fear is peaking...
Don't know what catalyst would spike the gold,
but this is heavily heavily manipulated commodity
and I have a hunch that a nice bounce is coming in the near future.
Yes, for NUGT specially...LOL...
That said, I generally don't use stop limit when I'm scalping (in and out in seconds to minutes), but I do it on stocks/options that can move so much so fast, such as NUGT, and I fear that I can't react that quickly.
In @ 14.00... looking for small bounce here...
Stop loss is 13.90
Like to see a bounce back above 14.30...
but I will scale out starting 14.20 area.
However, chart looks ugly and looks like it's ready to break down to new lows...we'll see.
Got stopped out...that was quick. LOL.
In @14.57 with 14.50 stop loss.
I'm giving no room for loss.
Looking for about .20+ cents move up.
I'll start scaling out at 14.80+
If it doesn't move in 10 minutes...I'll may just get out even.
Got kicked out as planned (???)...
I know that gold will be pressured on following conditions...
1) Rising dollar
2) Potential of future rise in interest rate
3) Economy improving
4) Geo-politic
...because rising dollar makes many commodities cheaper (including gold),
and rising interest rate takes away some investment attraction to gold,
and improving economy and geo-political situations makes gold less attractive as safe haven...
I know everything looks horrible, but I also know that gold will find another way to bounce at some point...so what will it take.
Back in @ 14.71...stop loss at 14.59
I hope to scale out starting 14.90 area...
All out...partially filled at 14.99 and 15.00.
Will try the dip & bounce play again near 14.70~ish...with tight stop loss of about .10 cents.
Out 1500 shares @14.94. Got 1500 shares waiting at 14.99.
Back in @ 14.69...stop loss at 14.60.
Hope to exit near 15~ish...
Chart looks pretty horrible...so I'm not risking much at all.
Switching to UVXY play...
Out final 1000 at 14.76.
Out 2000 shares at 15.05. Got 1000 more waiting at 15.20.
In @ 14.70 and 14.80 for 14.75 average.
Stop loss is 14.58.
Will start scaling out at 15.00+
What a scary drop!!!
Just looking for a small quick bounce here.
Not holding this too long.
All out now at 17.20.
Will reenter if it dips back to 16.80 level again today.
Don't like to hold this overnight.
Out 1000 shares at 17.20. Another 1000 at 17.40.
Still have final 1000 waiting at 17.60.
In at 31, and out at 32.78.
Now switched to NUGT play for small bounce.
In @ 16.80. Will stop out @16.70.
Just a short term scalp play to $17.20 level.
TKMR & HEB up big in AH on confirmed Ebola in Texas.
http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#heb
4:54 pm Tekmira Pharma now trading +16% in after-hours at $24.50 on reports of confirmed Ebola case in Dallas, TX (TKMR) :
As mentioned earlier, it has been reported that Ebola was confirmed in a Dallas, TX patient
The FDA has authorized the use of TKMR's TKM-EBOLA in patients with confirmed or suspected Ebola virus infections.
HEB soaring 40+% in AH on confirmed Ebola in Texas
http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#heb
4:54 pm Tekmira Pharma now trading +16% in after-hours at $24.50 on reports of confirmed Ebola case in Dallas, TX (TKMR) :
As mentioned earlier, it has been reported that Ebola was confirmed in a Dallas, TX patient
The FDA has authorized the use of TKMR's TKM-EBOLA in patients with confirmed or suspected Ebola virus infections.
Get in now. Will gap up 100+% tomorrow.
This is at least 3 day runner. Today is the first.
Most traded OTC stock tomorrow.
Should rocket to .02 cents.
Back in @.0036 for second trade. Holding this overnight.
Should run up bigger % tomorrow.
Monster run poised to hit .02 cents in days.
NUGT is $55, hope you are enjoying the pop!