Replies to post #31963 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Yep, for sure. Right now GDX is trading on an inside day. It is likely going to clear. Question is, does it clear to the upside (above 22.19) or the downside (below 21.26).

No physically set SL for me...especially on Fed day. Too many knee-jerk algo reactions in the moments following announcement that are easily taken out (been burned on both ends before in that regard).

So, waiting and watching...closely... :-)

[MD-420]

No SL. You either get on and ride it, or you get off here...imo. I'm going to ride it against better judgment. It's usually those times I question my position that usually turn out to be the worst times to sell. Hoping that turns it true here.

As I watch the dollar, I think it MAY be getting ready to roll over. I'm thinking it's possible the rate hike may actually help to signal the dollar is trading too high. This is clearly out side the box thinking, and likely bad logic on my part, but thought I'd share and see if anyone might be having similar thoughts.