Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Metals in general are on the cusp of making huge noise. SLV closed outside of the massive downward TL for the first time AND got a positive EMA 4/8 cross.


Gold is very much on the cusp as well, trying to close over 50 MA on daily...which aligns closely with 10 MA on weekly (REALLY wanna see it close over this tomorrow).



Not a huge fan of the perfect doji put in today on GDX. Shows/implies some hesitation, but if it breaks to the upside...could be explosive. With the markets on fire and Gold closing near HOD...I'd have liked to see GDX/NUGT do same thing. However, can't complain too much as closing was over major descending TL on all intraday's with techs improving to push higher.