Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Bingo! And that to me is exactly why the markets this week appear to be a suckers rally IMO.

Think about it. Monday's rally was due to news Hillary wouldn't be charged by FBI. Tuesday's rally was due to markets pricing in up to 97% chance of Hillary winning. Wednesday's rally??? Well, I still say that big money got caught on the wrong side of the trade and talked the markets back up (similar to today). The Dow went from oversold to way overbought in just 3 days this week.

PS- can you tell the machines are back at work on Gold this morning? First 15 minute period of pre-market they spike it up to 1284 and then immediately slam it down to 1278...and are now pushing it to the lows of overnight. So obvious.