Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Marketwise]

Playing the long side right now (NUGT). Presently I am doing very short term trades. Still too early to make a definitive call but, at this point, I am thinking the first "cyclical bull market" since the onset of the secular bear market in the fall of 2011 could be upon us. As opposed to the two to three month bear market rallies we have been experiencing over the last four years - cyclical bulls run more like six to nine months (by definition). Although the general move is upward in these short term bull markets there are still opportunities on both sides (quick in and outs though if you are trying to play the short side). That said, the major opportunities are on the long side until the bull run comes to a close and the biggest opportunities fall to the short side again. All jmo at this point but that is how I personally am playing this move in gold until the data guides me in a new direction. Will trade both sides but for now mainly the long side. Tread very carefully if you are playing JDST right now (as I am sure you are) - are probably the best words of advice I can offer.