Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Ohhh, man! GDX really retraced the gap from Friday along with the EMA 4 AND closed back above SMA 50????!!!! I hope some of you caught that dip...that was the perfect entry for NUGT IMO. I haven't been able to watch at all today...and now I'm going to have to "work" for my entry point.

If that is all the dip in miners...things could get silly here soon (i.e.-run really hard). I don't wanna chase, but may have to. Still not a fan of the last two closed candles on the 4 hour GC futures, but Gold clearly is not having that big of an impact on movement.

Let's see what the morning brings. (I'm hoping for a gap down to EMA 4 and a launch from there, selfishly. LOL ).