Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Thank you Abuelo

With DUST it becomes clearer everyday to me that bottom is being carved and it has settled into a trading range for now but then should eventually uptrend out of that so I feel trading DUST should be safe and profitable as the downtrend looks to be ended and now just going through the basing process.

UWTI I am also watching close. I use the WTI crude chart almost completely for UWTI. I don't use the UWTI chart very much so I'll talk about it in WTI crude chart terms. I felt that when oil went over $38 that oil was going to then have to have a selloff as I thought anything higher in oil would cause the oil country leaders to get lackadaisical and start blowing off that freeze meeting. Sure enough that kind of happened. Anyway I also felt once oil started to sell off from low $40s that $35 would hit. It is close now, practically there. At $38 WTI I did a flip and another one at $36 WTI for small gains. My eyes have been on $35 ever since oil went over $40 though. I have not bought yet but I would bet that with oil down 9 days in a row and just knowing the trouble oil had getting past $35 resistance before that I bet oil bounces strongly from the high $34 to $35 range. I have been flipping UWTI since it hit $40 but now I'm starting to get interested in grabbing a more meaningful position soon now that oil properly corrected. As of right now I have no UWTI position.