Direxion Daily Gold Miners Index Bear -2X Shares (:DUST)
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- traderbren: $DUST - looks like it wants to close the gap at 14.44
- traderbren: $DUST - nice move above the 50d and 20d as $GLD & $GDX pulled backed.
- 1993dean: $DUST . short gold any thoughts?
- PhilHarmonic: @1993dean $DUST I'm long Gold. Not a lot of Gold.
- Docoof: #ETFs New highs again today: $DUST $JDST $EPV $EDZ $DRV $DBMF $SGOV $TBF $TBT $UUP $EWV $EUO $TBT $TBF
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Docoof: ...
$DUST Direxion Daily Gold Miners Index Bear 2x Shares
$JDST Direxion Daily Junior Gold Miners Idx Bear 2X Shares
$EPV ProShares UltraShort FTSE Europe (Seeks daily investment results that correspond to two times the inverse (-2x) of the daily pe ... - 1993dean: $GDL falling a good way to play it, buy $DUST
- 1993dean: $GLD falling below movinf averages cover above Friday's close $DUST a look
- bRobert: $XOP 50w target acquired Expect a bounce Not necessarily the bottom The 200w IS in play with a failed bounce Been long $DRIP Speed bump here for partials and or tight trailers Inv H&S shoulder Classic $37+ 200d target $30 interim $GDX H&S top in motion $18 potential Long $DUST C&H like reversal base Speed bump HERE for partials /tight stops $25/$28 targets $SOXS speed bump Here $92 longer SHort several in the space Many posts on $NVDA $125 $AVGO 200w /$350 FAILED bounces
- bRobert: @Cjauger Posted $GDX $$GLD H&S tops in motion with LOW targets Long $DUST Still nice upside after pullback bounce
- bRobert: $USO H&S top Break of the 50d 200d $65 with trigger < $78 neckline area Look for a failed bounce to the 50d from BELOW for a low risk short Stop just above I believe Oil/gasoline prices have a good chance of coming in $TBT H&S top On 50d neckline $24/22 potential with trigger I expect a bounce but then I would look for failure and trigger Good chance longer term rates are coming in soon $TLT at 50d ceiling $120/$132 potential with trigger $GDX Been posting the H&S top/trigger WEEKLY is OBVIOUS $18 potential Long $DUST (posts) WEEKLY breakout in motion
- bRobert: @bRobert $USO $TBT $TLT $GDX $DUST Evidence of recession, potential for reduced oil demands with a shrinking economy (oil reflexly moving down is not necessarily a good indicator ) Bond traders see the big picture Like oil prices, rates coming in may be a sing of poor grades on the future economy Obviously subject to a retest and revisions
- bRobert: $GDX $GLD oversold bounces towards necklines H&S tops I would love to see more Sold $DUST Looking to reload Dust pb from CLEAR $22 swing high resistance C&H like base breakout daily $27+ potential Daily breakout Pb retest in motion WEEKLY view same C&H trigger > 50w and move into major $24/$25 ceiling LONG consolidation can support a move towards $35
- bRobert: $GDX WEEKLY H&S top $42 top $30 neck $18 potential Failed bounces $DUST $25+ /$35 POTENTIAL 70% with $GDX at $18 Daily C&H like reversal base $27
- bRobert: posted $DUST set up via $GDX H&S top in motion WEEKLY $GLD H&S top Daily and weekly Under the 20/50/200d ceilings $155 target 1 with trigger np $UUP Ultra bullish WEEKLY C&H $32 potential Head wind to all commodities and multi national sales
- bRobert: $GDX H&S top throw back to neckline Juicy downside with failure resumption $20 potential $DUST $25+ C&H like weekly base potential
- bRobert: @bRobert $GDX $GLD $DUST partial DAILY C&H base $22 target 1 $25 speed bump $27+ potential
- bRobert: $GDX WEEKLY down 6% and sliced < 200w WEEKLY H&S top trigger Targets as posted Failed bounces to short or $DUST on pb bounces
- AdrenalineTrade: $DUST nice tail on daily chart
- scottto_2: #InsideBarList - My OCD kicked in hard on this one - Thanks Sir @Aragorn - $AAL $AAOI $AAPL $ABC $ABT $ABUS $ACAD $ADI $ADS $AEM $AES $AFL $AGCO $AGIO $AIG $AKAM $AKTX $ALE $ALGT $AMCX $AMN $AMP $AMT $AMZN $AN $ANET $ANGI $ANTM $AON $APA $APD $APRN $ ...
- bRobert: @ColoTrader $DUST Excellent low risk TRADE WEEKLY view A move ABOVE the 50 WEEK will open up the chart $NUGT still in a long down trend with 20 WEEK ceiling now
- ColoTrader: $DUST Bought SMALL position today at 21.57 after a little bounce off of the 50 day SMA, and close to the bottom of the regression channel plotted since 1-4-21. Stop at 20.89, Target 25.00. Time Frame target 20 days. Reward/Risk ratio 5:1. Have seen regression channel uptrend since August 2020, and steeper regression channel uptrend since 1-4-21. Looks like a base has been building since around May of 2020. Stopped out at 20.89. Rats!
- bRobert: @ColoTrader $DUST risk defined trade NO bull 5/13 ema cross yet Bear cross sell signal at $23
- bRobert: $DUST WEEKLY squeeze out continues Could run to $32 Weak pullback Friday
- bRobert: @bRobert $DUST $DUST $26+ with daily flag trigger $NUGT $50 bear flag target with trigger
- bRobert: $GLD Bear flag triggered as promised H&S top has come close to completion $165 soon 50 WEEK as well Will be watching for bottoming action $GDX l $32 target Looking for bear flag trigger $DUST WEEKLY squeeze out np currently May add Daily breakout pullback W $27/28 target
- bRobert: $GLD May see a bounce but I still think it tests $165 area H&S top measured move completion $GDX $32 - target I took profits in $DUST May reload on a failed bounce WEEKLY squeeze out
- bRobert: $GDX knifed through 200d Closing in on $31 bearish target Possible bottom trade Long $DUST
- bRobert: $DUST 13% WEEKLY squeeze out
- bRobert: $DUST closed
- bRobert: $GLD. 200d.and below H&S target. I've been posting bearish. $GDX. <. 200d. $32 washout. bottom. $DUST
- debeers: @bRobert $GLD $GDX $DUST ----$DUST-A biblical theme indeed: ashes to ashes, dust to dust.
- champ: @debeers $GLD $GDX ----- Yes $DUST, women know how to think both ways, they can even read minds,....and I never heard of a man fortuneteller, either. ...$DUST, just a great trade....
- debeers: $JDST/$DUST- Gold down today as retail not as bad as feared, Europe gold down, and the Congress likely to keep the government running. i know you might think its a dumb "tell" but the nail salons and hair salons now open in northern Cali. Might have had a decent low already. Walmart tells us that they've hired 20,000 so far for the holidays. Trust me: they are not hiring folks to clean their restrooms. Again-Just Don't sell this or the ashes to ashes-dust to dust trade should work today in my opinion.
- Jazman0013: @debeers $JDST $DUST not a dumb tell at all. How the restrictions loosen and when is certainly telling... now, degree and relevance? That is hard to say. Let alone if they decide to shut back down. However, at some point the grind the wheels to a halt method will destroy many.
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Forexpro: @debeers $JDST $DUST
Thanks As Always, Lady DeBeers,
I made my way through the usual stuff, and didn't find too much of interest. We do have some data at 9:45 EDT; from WSJ.com:
"IHS Markit's flash U.S. manufacturing index for September is ... - debeers: $DUST-Ashes to ashes, dust to dust. Gold tarnished today as well.
- bRobert: $GLD. $154. target still in play $GDX. bear flag. could see the 200d. I wouldn't mind some of that at that price. $DUST. $40. potential+
- williamJ: Closing out half of $DUST position as it's been extremely profitably trade over the last couple of weeks. I remain bearish short-term on $GDX and h/s pattern on the daily chart but looking at possible support at the 50 day ema which corresponds to 5/27 low. Break that low and the 50, I would add to my position
- williamJ: $DUST also taking some off the table here in this name. Has been a big move for me. I think $GDX continues to go lower in the short to intermediate term. Will look to scale back in to $DUST on dips
- bRobert: @williamJ $DUST $GDX $GDX looking for possible retest. $31 breakout area
- williamJ: $GDX slipping, watch $DUST to the upside
- williamJ: $GDX Careful here. Top end of the 32-34 trading range it has been in since mid-April. Piercing the 200 period SMA on the 5 min chart. Good add/entry here into $DUST with stop at $GDX recent highs around 35.
- williamJ: $GDX resilient! Traded down to S1 and then to R1 now back to the pivot. 33 is resistance and I added to $DUST on the break of $33 yesterday. Will likely get out of the way if we break through the highs of the day (33.26). Target on the downside was right around $29.50.
- williamJ: $GDX another break of that 33-34 channel mentioned previously. Taking a breather at S2. Would expect to see some support at 32 bucks/S3. Long $DUST
- william.j: $GDX retreating through $33 support. It's been in a range between 33-34 since the 23rd. Im long $DUST
- beachnorwegian: $DUST I sold my #gold positions yesterday $NUGT $FNV $WPM at a nice profit and took a starter position in DUST. The anemic volume on gold makes me skeptical it can move higher. Also, RSI is showing a bearish divergence. I am also persuaded by arguments (https://twitter.com/HenrikZeberg) that Rona may turn out to be the greatest deflationary event of our lifetimes. We'll see.
- Pcdentist: @beachnorwegian $DUST $NUGT $FNV $WPM #gold Read that and other explaining that this will be a Inflationary event,,,,love analysts
- phgruver: @Pcdentist $DUST $NUGT $FNV $WPM #gold Alan Greenspan and Ben Bernanke thought they knew all there was to know about inflation, and maybe they did, but the Obama Admin. was unable to generate any significant inflation, even though they tried their best for 8 years. Is today different? Right now, I doubt it. Much of the trillions the fed is "printing" is simply restoring value to distressed assets that took a major draw down over the past month. That is being done to combat deflation, but does not create inflation. In fact we are finding that they are not opposite sides of the same coin. Inflation requires much more than just the availability of gobs of money at give-away interest rates.
- mulligan: $NUGT $DUST $JNUG $JDST $GUSH $DRIP etc FYI There is a change to ten of the Direxion daily leverage and inverse leverage funds that was effective as of market close yesterday. Moving from 300% daily leverage to 200%. See attached listing of the funds. http://www.direxion.com/wp-content/uploads/2020/03/Change-in-Investment-Objectives-and-Strategies-of-Ten-Daily-Leveraged-and-Daily-Inverse-Leveraged-Funds.pdf
- success: @mulligan $NUGT $DUST $JNUG $JDST $GUSH $DRIP thanks for this info . .
- geebo: @mulligan $NUGT $DUST $JNUG $JDST $GUSH $DRIP What would be the reason for that?
- mulligan: @geebo $NUGT $DUST $JNUG $JDST $GUSH $DRIP has to due with market disruption risk and extreme impact of volatility on markets and the funds ability to sell securities and obtain short exposure to securities. It's above my pay grade to understand all of the reasons. If you go to Direxion's website there is a paragraph labeled "market disruption risk" that provides a narrative of the issues. Hope that helps.
- spmeyers: @DAN $ZM $SPY $SPX $NDX $FFTY $GLD $GDX $NUGT $DUST $FNV $KL $ZTO $SRC $LITE $MSFT $COUP $AAXN $EDU $PYPL $INMD INMD kinda impossible to short, 32% of float is short
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DAN: ...
$DUST -- rebound.
$FNV -- doesn’t look like accumulation to me.
$KL -- is this a buy? Again...hard pass.
$ZTO -- still going.
$SRC -- 8.8% yield.
$LITE -- Might be forming a base...but we’re a long way from that now.
$MSFT -- Sell the A ... - spmeyers: @scottrades $JNUG $GLD started position in $DUST with GDX up against major resistance
- DrScience: JICYMI $NUGT $DUST and other Direxion 3X-leveraged ETF's will be changing their objectives on May 19. Also, note the prospectus outlines some changes that should help keep the ETF's from "blowing up" in extreme-volatility environments. http://www.direxion.com/press-release/direxion-changes-objectives-of-ten-leveraged-funds-to-address-extreme-market-conditions-while-also-closing-eight-funds-due-to-limited-interest-since-launch
- shoredriver: @DrScience $NUGT $DUST ..Yep....posted about several times over the past week or so...$GUSH reversed for tasing yesterday and $DRIP split s12/1 after close Thurs...Some going down from3x to 2x.......
- bsnceo: @shoredriver $NUGT $DUST $GUSH $DRIP Last month I had read (Bloomberg) that some of these etfs were going to be eliminated altogether.
- shoredriver: @bsnceo $NUGT $DUST $GUSH $DRIP ....yep...justt go to the Derexion website fro ones like $GASL....
- greenpatrol: @greenpatrol $DUST Sold this morning at 6.48
- champ: @sgiseller $NUGT ---- I took profits around Hi-Turn, is how it works, great day-trade, for traders, don't know about tomorrow. I was going to add-back a real small size, on the close....but I didn't. ......$DUST had a nice move, in the last 10-minutes, a real fast roll-over trade, for those who were ready...In and Out...but I missed it, I wasn't ready.
- greenpatrol: $DUST Buying some here at 5.33. HoD. Stop at 4.60
- greenpatrol: @greenpatrol $DUST Working. New HoD. Stop moved up to 4.95
- spmeyers: @scottrades $NUGT liking $DUST better now, watching for move off VWAP
- traderbren: $DUST v $NUGT -- keep an eye on the trade between $DUST vs $NUGT today.
- debeers: $DUST- Ashes tio ashes baby! Thanks@DAN-it doesn't hppen that often that the charts and fundies agree but when it does......
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DAN: ...
$DUST -- Breaking out.
$MASI -- Interesting...but not one that I’d be buying here.
$BA -- is below the 3rd Std Deviation on the WEEKLY chart. That doesn’t happen unless a stock is popping out of a squeeze. Calling the entire credit lin ... - debeers: @DAN $MRNA $SPX $DJI $DJT $MDY $IWM $NDX $T2108 $T2107 $GDX $NUGT $DUST $MASI $BA $ZM $GOOGL $RH $CCL $RCL $NCLH ---@DAN-regarding gold, ashes to ashes and $DUST to dust. Biblical slap in the face who viewed it as a safety trade rather than what it really is: gold up when inflation up. @DAN-As respects oil, Putin has maybe 10 more days due to Oligarc pressure to prove his manhood by lopping off his own you know what as he plays ego games with the Saudis. His circumcision to which i alluded on Sunday in the Forum has become his own voluntary castration. Kirkland sells its own brand of Vodka and what else do these bozos have to sell us, (i mean other than Bernie and it seems we've finally figured out that socialism isn't what we want)?.
- rck89: $DUST is having a good day!
- traderbren: $DUST v. $NUGT -- interesting tug-of-war going on today. $DUST still below the 50 dma, needs to clear $5.75. $NUGT trying to get off the floor after hitting $27 this morning.
- borden_john: $DUST is working, $VXRT looks to be a momentum trade like $CODX worth putting on radar.
- borden_john: @Bert953 $NUGT Make sure to put $DUST on your watch list.
- DrScience: @Yes-Man $NUGT With tongue firmly planted in cheek, I ask: What don't you see? Exactly! It's a long-running joke about the 3X leveraged funds. While it's nice to see where the fund has been, you really have to zoom in to get any detail. The structure and portfolio of 3X funds makes them notorious for losing NAV in the very long run. Plus, by doing splits and reverse-splits to keep price in a range, fund managers engage more traders. However, those characteristic of tends to really screw up longer-term charts as you see. Trading the 3X funds is definitely not for the faint-of-heart. A few % move in the underlying index ($GDX is a major component) translates into 10% moves in $NUGT, and $DUST, the inverse ETF. For some light, by-the-fire evening reading, here's a link about the fund: http://www.direxion.com/products/direxion-daily-gold-miners-bull-3x-etf
- Yes-Man: @DrScience $NUGT $GDX $DUST Thank you for explanation! Will do some reading by the fire this evening w a hot toddy!
- mogo: $GDX looks like it's bouncing back. Closed $DUST at 6.20
- bRobert: @mogo $GDX $DUST Long term bullish Short term neutral . I'll get more excited with a move >$30 in GDX Cup base Monthly c&h triggers > $31
- Bob E: @Tango $NUGT I was stopped out also. I'll be watching this to rebound, but I'll also keep an eye on $DUST.
- borden_john: @Bob E $NUGT $DUST Would love to see dust back in the 10.00 range lol
- bsnceo: @borden_john $NUGT $DUST - it seems more likely (in the short run) that the issuer will do a reverse split on the etf to get the price back up - happens occasionally with the 3x leveraged etfs
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DrScience: ...
And, if trading the 3X derivatives, such as $NUGT, or $DUST, note that fear premium is magnified, and can evaporate as quickly as it was generated. - Sher: FYI Posts - Latest 1 day change: Gold/Silver: $AEM +0.03%, $AG -2.33%, $AU 2.05%, $AUY 1.39%, $BVN 1.16%, $CDE 1.39%, $DUST -3.27%, $EGO 1.68%, $GDX 1.07%, $GDXJ 0.41%, $GFI 2.91%, $GGN 0.71%, $GLD 0.01%,$ GOLD 3.11%, $IAU 0.00%, $JNUG 1.74%, $KGC 1.90%,$ KL -0.31%, $NEM 1.26%, $NGD -0.12%, $NUGT 3.07%, $PAAS 1.31%, $PVG 0.88%, $RGLD 1.24%, $SLV 0.13% Retail: $AMZN -0.37%, $BBBY 4.98%, $BBY 0.75%, $BOOT 3.99%, $COTY 0.36%, $DG 0.08%, $DLTR -0.23%, $ELF -1.97%, $FIVE 0.36%, $GOOS 0.81%, $GPS 2.37%, $JWN 3.03%, $KSS 0.79%, $LOW -0.01%, $LULU 0.60%, $M 3.12%, $NKE 0.92%, $OLLI 0.98%, $TGT -0.23%, $TJX -0.41%, $UA 1.82%, $ULTA -2.30%, $WMT -1.17% Solar: $CSIQ -3.42%, $DQ -2.27%, $ENPH -0.43%, $FSLR 0.34%, $JKS -3.41%, $RUN 2.66%, $SEDG 0.46%, $SPWR 0.76%
- borden_john:
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DAN: ...
$DUST -- still range bound.
- traderbren: $NUGT - popped this morning but has now reversed. Going the other direction - $DUST
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DAN: ...
$DUST -- still in a base.
- scottrades: $DUST pushing off the Middle BB
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scottrades: ...
$GDX Pulling Back, Watch $DUST and $JDST they are putting in Higher Lows
$C Inverse Head & Shoulders?
$KMX A Full on Momo Trade right now. Trailing Stops needed.
$PAYS Creeping up to resistance. Watch the $12 Wall.
$CZZ Moving above a small s ... - AlexH: @scottrades $SSO $QLD $GDX $DUST $JDST $C $KMX $PAYS $CZZ $AAPL $TRU $PFSI $VFF $COTY $CTRE $PINS $RDN $KEYS $FLY $SOLY #Swing #Swing Thank you Scott for your updates, loving the continuity you're trying to provide by using TC2000, 2 recommendations if i may that are right in line with the continuity effort between you and @Dan: 1- The text in your charts are much smaller then Dan's and are hard to see :) 2- It would be great to get the ticker symbols above your chart like Dan's, its a great tool to help us knowing the list you're covering and in case we want to jump back and forth between stocks
- Nepenthe: @mopick Knocking on wood that we here in Truckee were spared the PG&E indignity, but I'm with you there on the "tough...action." Under-invested I am, and would love to have ridden along the 3x ETF bandwagon with @bigbartabs but alas, my fingers are a bit geriatrically nervous. Dabbled yesterday in $DUST but so meagerly as to feel embarrassed. Added to $MSFT, but might be tadishly early, hoping for it to close above 140 or so. And oh, how I fear the weekend "tweet!" Don't know about Sluggo. But welcome back. And so it goes...
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scottrades: ...
$GDX Pulled back on High Volume, watch $DUST if it keeps falling.
$FAST Great Earnings A little extended but look for this on a pullback or continuation on a short term time frame. 9 Days of Short interest.
$UPLD Back above the 50 Day. Watching for ... - traderbren: @bRobert $GDX $GLD - agreed. I was looking at the charts today - $GLD, GDX, $NUGT, $DUST, $SLV, $AGQ, etc., and agree that we'll see gold & silver move higher.
- traderbren: $NUGT vs $DUST - keep an eye on the move in both. $DUST cleared the 50d and seeing a bid this morning.
- traderbren: @Sluggo $NUGT - nope...i agree. I create alerts on the upside & downside around $NUGT and $DUST for a heads up on the moves in either direction.
- issues: @traderbren $NUGT $DUST Cramer did mention the percentage of loss on gold stocks is much greater than potential gains. He used the chart expert saying it could drop to $1200. It has hit a top and will be going down - like an elevator. I sold most of my gold stocks! I am so confident I bought 100 shares of $DUST! Just plain ol' dust. Can you believe I prefer dust to gold? Yes I put a stop in on Dust at $7.58.
- Sluggo: @issues $NUGT $DUST No precious metal holdings for a few now. I tried to jump back into $NUGT and got bopped. Waiting...
- baronp0329: @Sluggo $NUGT $DUST You can also look at some inexpensive $SPY 300 Puts for protection. Got some for 1.95. may sell at the close or hold some over the weekend. $SPY at LOD.
- traderbren: @mradams0621 $IWM $FFTY #wierd - yep, some funkiness all round, but can provide potential opportunities - $SHOP. Also, with a target on $GOOGL and the constant bashing, the stock is trading well. Also, keep an eye on $NUGT and $DUST as things get whipped around.
- champ: @baronp0329 $GLD $SLV $GDX --- This trade...$DUST, off of the gold high.
- Robert1965: @champ $DUST looking at this for an entry thinking around 6.78
| Stock Price | $8.44 |
| Change | -0.12% |
| Volume | 8,310,860 |
The investment seeks daily investment results before fees and expenses of 300% of the inverse of the performance of the NYSE Arca Gold Miners Index. The fund creates short positions by investing at least 80% of its assets in: swap agreements; futures contracts; options; reverse repurchase agreements; ETFs; and other financial instruments that provide inverse leveraged and unleveraged exposure to the index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. It is non-diversified.
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