Posted by sbaxman111 on 25th of Aug 2016 at 10:31 am
The 10 min Pivot line on NUGT this morning is at $22.82 - a
6.9% increase over yesterday's close and an early short-term
resistance line in my thinking...I just set my stop at 22.60 to
lock in a 6% profit once NUGT went over 22.70.
Posted by sbaxman111 on 25th of Aug 2016 at 11:11 am
Looks like NUGT has found the energy to break above the 10
min 22.82 pivot. It's now up 9% on the day.
Also Interesting is that my RUT Long trade from yesterday
is also running into some resistance during the first 90 mins at
its10 min Pivot line. But being up 0.64% on my position isn't
nearly as much fun as being up 6% in less than an hour on NUGT.
LOL
Posted by sbaxman111 on 25th of Aug 2016 at 12:11 pm
I wonder wht JNUG owns that NUGT doesn't for it to go that
much higher than NUGT.
Both JNUG and NUGT hit their respective 60 min chart 9 ema
lines and found resistance there after they overcame the initial 10
min pivot resistance. JNUG went all the way to the R1 line on the
10 min chart.
Posted by hamvestor on 25th of Aug 2016 at 01:06 pm
I believe that the miners will continue to be in a bull market
for the next 18 months or so, and that money will flow from the
biggest miners, to the juniors (already happening in GDXJ/JNUG)),
and then to the microcap miners. The microcaps will have the
biggest % gains over the course of this bull market. jmho.
NUGT
Posted by sbaxman111 on 25th of Aug 2016 at 10:31 am
The 10 min Pivot line on NUGT this morning is at $22.82 - a 6.9% increase over yesterday's close and an early short-term resistance line in my thinking...I just set my stop at 22.60 to lock in a 6% profit once NUGT went over 22.70.
Nice trade
Posted by steve on 25th of Aug 2016 at 10:35 am
Nice trade
NUGT
Posted by sbaxman111 on 25th of Aug 2016 at 11:11 am
Looks like NUGT has found the energy to break above the 10 min 22.82 pivot. It's now up 9% on the day.
Also Interesting is that my RUT Long trade from yesterday is also running into some resistance during the first 90 mins at its10 min Pivot line. But being up 0.64% on my position isn't nearly as much fun as being up 6% in less than an hour on NUGT. LOL
Check out JNUG. Up over
Posted by EdZ on 25th of Aug 2016 at 11:40 am
Check out JNUG. Up over 15%.
NUGT
Posted by sbaxman111 on 25th of Aug 2016 at 12:11 pm
I wonder wht JNUG owns that NUGT doesn't for it to go that much higher than NUGT.
Both JNUG and NUGT hit their respective 60 min chart 9 ema lines and found resistance there after they overcame the initial 10 min pivot resistance. JNUG went all the way to the R1 line on the 10 min chart.
I believe that the miners
Posted by hamvestor on 25th of Aug 2016 at 01:06 pm
I believe that the miners will continue to be in a bull market for the next 18 months or so, and that money will flow from the biggest miners, to the juniors (already happening in GDXJ/JNUG)), and then to the microcap miners. The microcaps will have the biggest % gains over the course of this bull market. jmho.
JNUG tracks the junior miners
Posted by steve on 25th of Aug 2016 at 12:11 pm
JNUG tracks the junior miners GDXJ while NUGT relates to GDX