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NUGT: Buying the news...right on time...right on the line


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#11 CLK

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Posted 13 March 2017 - 12:45 PM

Bought JNUG at $6.39 in pre-market, seemed to be ignoring the downturn in Gold futures, of which the hourly should turn back up now if the move higher is for real.

  

 

 

Sold out. Looking ugly on this retrace.



#12 Rogerdodger

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Posted 14 March 2017 - 03:40 PM

SAR signal triggers have been losers in downtrends... when your "buys" are sells.

 

"Everybody" now agrees that Janet will raise rates tomorrow. 

NUGT usually sees a very narrow 5 minute range in the time preceding the rate announcement.

 

I'll likely wait until the "dust" clears.

 



#13 tradesurfer

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Posted 14 March 2017 - 09:09 PM

It looks like the buy of a lifetime is coming in 2017 in the miners, but unfortunately we might have to see gold 850 to 950 first.



#14 dougie

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Posted 15 March 2017 - 01:49 AM

Think you might be right TS. A huge smacdwon would be very bullish

#15 CLK

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Posted 15 March 2017 - 01:46 PM

Bought back 35% position in JNUG @ $7.25, can't chase this with a full position. If it holds then probably move on up to $11-$12.

 

 

Added another 35%, I'm done.


Edited by CLK, 15 March 2017 - 01:50 PM.


#16 Rogerdodger

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Posted 15 March 2017 - 05:30 PM

Today was repeat of last March 2015 and 2015 FED! Will we also see a late April give back?

2017_03_15_Nugt.jpg



#17 dougie

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Posted 16 March 2017 - 12:37 PM

.yes imo

#18 Russ

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Posted 17 March 2017 - 03:17 PM

Bull flag forming on the 15 min chart, should run up  some more next week.


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#19 Rogerdodger

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Posted 30 March 2017 - 11:27 AM

NUGT SAR sell signal was triggered after weak buying.

11 was a bridge too far.

Will the uptrend line hold selling around 8 or the horizontal 7+ line?



#20 Rogerdodger

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Posted 05 April 2017 - 08:20 AM

I note that very often a new SAR signal is followed by a retest.

Yesterday's high for NUGT was $9.79, missing the $9.81 trigger by a hair.

Looks like today's positive economic news will reverse yesterday's move up.

 

MKS: 200-Day Moving Average Remains Resistance For Gold

t24_gold_en_usoz_home_262_130.gif

 

U.S. Job Creation has hit a new record high for the third month in a row after remaining relatively flat for much of 2016. ADP Employment Report looks to be very strong, based on ADP's 263,000 estimate for private payrolls including a strong 49,000 gain for construction and a 30,000 increase for manufacturing. Professional & business services are another strong positive, up 57,000. MBA Mortgage Applications: purchase index is up a strong 8 percent from the level in the same period last year. Gallup US Consumer Spending Measure is the highest spending estimate for any March since 2008. Construction Spending rose a very solid 0.8 % led by residential construction.

 


Edited by Rogerdodger, 05 April 2017 - 08:23 AM.