Replies to post #41598 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Well, not sure what it's from either...that may be it. BUT, it held and closed over the 200 MA on hourly. Also approaching that pesky 50 MA you mentioned on daily.

I'm generally not a fan of huge gap-ups in GDX/NUGT...as they never seem to hold. I read yesterday that max pain for Opex this Friday on GDX is $20? So, we'll see if we get a rip higher as the week progresses.