Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[THREE-DAY-TRADER]

I made 2 trades on it in the last couple days, including that huge move (similar to today) from 16's to 17 area (and it peaked to 18's), but today it really caught me off guard going from new low at 16.06 into upper 18's!!!! .... It's totally unbelievable what is happening. I wish now I'd have stuck to my original idea of a core position at 16's for start and re-entered this morning when I say support & when I saw more bad economic data. I can only hope this rally is once a gain a one-time gyration and we can get yet a pull back to 16 or less.

JNUG & Gold would be much lower, if not for the ugly economic data that has been coming out since last week (which supports the idea of a Fed Reserve being more easy on their monetary policy & rates). Obviously economic data has cushioned the blow of gold's drop.

With that said, JNUG/JDST can be very frustrating to time in terms of staging a swing trade strategy on a daily chart trend, but they are a great day trader's tool never-the-less.