Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Told you the operative word was "should". This garbage blows through rising EMA 4/8/13's like they aren't even there the first time they encounter them...yet whenever they trade below them they are seemingly impenetrable powers to the upside for days/weeks on end.

Once again, NUGT gets to over 80 stochs on the 2 hour for ONE MEASLY PERIOD before being slammed lower again. Third time in the last month (still have a gap in the chart from the first one back in late April). Every single time I get back to even in this crap...it instantly slams back down. So. Damn. Frustrating.

I said yesterday them holding GDX to 20.99 was concerning as it was still an inside week and leaves it open for a slam to new lows. I just thought this time would be different. Silly Silly Me....