Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Well, GDX/NUGT definitely diverged from their normal behavior today. They bounced where they normally would breakdown and showed relative strength throughout the entire day. Somewhat to be expected with Gold holding strong throughout the day too.

Next we'll find out if this was a sign of a new trend or an anomaly. I'm currently chalking it up to my finally deciding to sell my large position at a huge loss to switch back to swing trading...and the market flipping me the proverbial middle finger. LOL

Still holding small DUST position (underwater 3.5%) into tomorrow. Almost took a small NUGT position at the close to hedge, but decided against it. NFP report in the morning.