Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Very interesting action today. The entire days action was held completely within the body of yesterday's candle. I 'think' this is normally pretty bullish action? The only thing I'm not sure of...is why GDXJ underperformed GDX by triple today (GDX down 1%, GDXJ down 3%)??? OH, and volume was WAY down...half of what GDX has been running the last few trading days north of 100 million.

The key for tomorrow is ultimately going to be strength of USD. It got rejected pretty quickly at resistance of $100.50-$100.60 all 3 times it got there today. Chart is literally a straight line up for the last 8 days!