New 2x ETFs, one long and one short, were recently created for GDX:

1. NUGT - 2x GDX long

2. DUST - 2x GDX short

http://tinyurl.com/2cxxe74

You could buy DUST and be shorting GDX itself, but at 2x rate. So, buy that and set your stop at 16% (2x the 8% stop rule for GDX). Of course, since it's 2x, you'd buy 1/2 as much as the amount of GDX you would short if you could. These two ETFs were mentioned about a week or more ago here on the blog.

Or, if you stick with DZZ, you can place a conditional sell order in which you sell DZZ on the condition that GDX hits $65.23 (the GDX trade stop). If you're not sure how to do that, call Schwab. Or, you could set two or three price trigger alerts for GDX as it approaches its stop, then watch GDX on a chart and if it hits $65.23, sell DZZ.

I can't say how you'd set a stop loss on DZZ directly, but it would not be 4%.

I don't know, but I shorted part of that ride!

Yup, I'm long DZZ from the trendline break. Went ahead and shorted some GDX after hours, tho. Gotta play those mechanical trades! Can't wait for the SPY....

I dunno, AAPL just looks like it's resting. Only a 5 pt drop from the high of the week to now.  Kind of a sym triangle or penant the last few days. In fact we've had higher lows this week.

yeah, I picked it up.

I tought I taw a puddy tat!

Thanks! 

Matt, do you have any thoughts on how far SRS may pull back? I'd like to add to my position, but not sure where. Thanks!

great, thanks.

Found it - on the Dec 7 newsletter. Breakpoint is 12.50. we just went over that.

Steve, NOR is moving up, wasn't this a trade idea? I can't find the chart anywhere.

EXACTLY! me too.

My thoughts exactly. Gotta move on....  Except methinks fixdgear actually enjoys obsessing over every trade! It's his m.o.

looks like it might be ready for another move up. 15 min chart shows a pennant from yesterday to today.

can anyone suggest a target? thanks.

Matt, thanks for that SRS chart earlier today. Looks like it has broken that trendline!

Thanks. Ah, yes, yet another downtrend line to break....

thanks, I went ahead and exited. 

Matt, do you care to comment on SRS? Seems to be stuck. See anything that concerns you?

I'm starting to get the hang of it - bought it at 21.65 last week on your comments about catching it near support. Thanks.