x3rs of the pm

159 posts / 0 new
Last post
tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
sold 9.80 NUGT at 9.93,

sold 9.80 NUGT at 9.93, flipped back into JDST at 16.16 for the close 

Edit, sold it at 16.38, Lso at 16.10

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
Mustang don't learn on the

Mustang don't learn on the fly with these x3 funds, they will eat you for a snack.

just to be sure

Gold up is good for NUGT and should be good for JNUG. But JNUG is under pressure...see Direxion and GDXJ writings above

Gold down is good for DUST and JDST, but even more so for JDST due to Direxion/GDXJ stuff

NUGT/DUST should move x3 GDX, senior miners

JNUG/JDST should move x3 GDXJ, junior miners

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

Mustang220
Mustang220's picture
Offline
Joined: 01/26/2017
Hat Tips: 17
Posts: 18
I agree Tony

I usually do my background work and homework better than that but I'm like you and have a full time job also.  Just been so busy lately, i didnt get a chance to do full check.  Thanks for the explanation.  Helps me a lot.

Mustang

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
LSO didn't get hit,

LSO didn't get hit, flat....today I made up yesterday's loss and a little more...i'll take it. 

Tomorrow is another day

USD goes out at 99.71

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
these 2 lists are popping up everywhere wanted quick access

http://themacrotourist.com/images/2017/04/AddsApr1917.png

http://themacrotourist.com/images/2017/04/DeletesApr1917.png

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
this is a must watch very

this is a must watch very good chart of tip/shy v gold

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
in jdst, a little hi at

in jdst, a little hi at 16.19 

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
sold the 16.19 JDST seconds

sold the 16.19 JDST seconds before that ramp up to 16.60 at 16.24 UGH, waited for USD/JPY to look like it bottomed out, bought NUGT at 9.80 and sold it at 9.95.....am now back in JDST at 16.25 with a LSO of 16.50

trying to ride the waves

waiting for the 11-1130 am cst gold hit

----

EDIT sold the 16.25 JDST at 16.33 while Fisher was talking on CNBC, bought JDST back at 16.25....still waiting on the hit...manufacturing shares this morning

Thinking will go flat for the weekend, the France elections are on stage...I don't have a good trading record for Brexit or Trump so flat I'll be. Headline risk (war issues) are strong this weekend, so that might change my mind...still thinking about it....IF i hold it'll be NUGT

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
so far no hit on

so far no hit on gold....still in JDST at 16.25

jdst is 16.04, low of day is 15.97, my mental stop is 15.90

gold is at 3d hit of daily resistance on the 5 min...1289ish....is gold going to break out or fail here? we shall see. 

does Lepin (sp?) have an effect on gold end of day or even earlier? that could be the ugly to my JDST position. will get cautious soon, if no hit on gold might even flip back to NUGT

----

Oil rig count gave a quick hit to JDST, low is 15.86....I watched it bounce back pretty quick to 16.00 so still in it...watching close for a breakdown here 

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
sold JDST on that spike based

sold JDST on that spike based on POTUS tax headline....flipped the other way for the close...in NUGT at 9.85 

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

Mustang220
Mustang220's picture
Offline
Joined: 01/26/2017
Hat Tips: 17
Posts: 18
I'm with you Tony

Jumped back in NUGT at 9.81.  Are you taking the risk and holding through the weekend with all the geo-political agenda this weekend?

Mustang

Pining 4 the Fjords
Pining 4 the Fjords's picture
Offline
Joined: 06/14/2011
Hat Tips: 41255
Posts: 1629
Just FYI

I compiled my musings and research, and posted it as an article on Main, in case anyone is interested.  May be an enlightening weekend discussion ;-)

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
great read Pining! Well done

great read Pining! Well done Sir. 

Mustang I just sold NUGT at 9.91 and I'm flat.

I'm 0-2 on election play.

Brexit was an ass kicker where I was just plain wrong....I made it up, then came 11/8. Even though I was right on POTUS I took a hell of a hit that I'm still trading to make up for...rode NUGT and was reminded why I don't hold these x3 funds very long. I will stay flat and take what Mr Market gives on Monday morning. 

Today was a decent day. 2.6% up. But I'm bumping up on personal resistance in my trading account...the last month I've been stuck in a tight range. I don't know why this level has turned into such a personal battle for me with Mr Market. I need to break through...

Taking the weekend off...gardening tomorrow and maybe a bike ride or a hike Sunday afternoon. Be sure to read Pining's article on the home page. Have a safe weekend all. 

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
Frexit thoughts First of all,

Frexit thoughts

First of all, applying logic to these headline events has gotten me into trading trouble so I'm not sure my words are worth the paper to print them, but here goes

Assuming LaPin (sp?) wins:

USD should spike against Euro

Gold in Euro terms should fly

The question becomes does the Euro money flee to the USD or the JPY. Unknown. This answer will dictate gold in USD. 

Assuming Lapin (sp?) wins:

USD prolly loses against Euro

USD/JPY comes down, maybe? Does money roll out of yen to Euro????

Gold goes up?

Just random thoughts. I don't know the answer....this is why I'm flat

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
I'm watching charts, resting

I'm watching charts, resting after yesterday's yard/garden marathon. USD/JPY up to 110.44 on netdania at 330pm cst. Normally i'd have taken a position on a big news headline, must admit it's nice to sit back and watch. So it's Lepin vs Macron who is the other outsider. Macron being reported as probable winner 5/7/17 when the runoff happens. It sounds like it is going to come down to a binary decision for the French....Frexit or no Frexit. I have no idea which way it goes and I will remind myself to be flat....5/7 is a Sunday btw. 

Will be interesting to see if there is a decoupling  of gold to USD/JPY on this one at the open. How much is a +1 spike worth when gold is closed? We'll know shortly. 

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
oh crap, gold drops 13 on the

oh crap, gold drops 13 on the open....pierced ronnie fattal's 1270 he was watching....bumps back up to 1271...if under 1270 he's looking for 1220-1240

silver down to 17.79 and bounced back up to 17.80....17.77 is ronnie's silver number, if breaks it's 16 land according to him

worse is he's looking for a months long triangle...   worth watching the video

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
As of 520cst: Gold low:

As of 520cst:

Gold low: 1266

Silver low: 17.68

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
silver 17.96 gold 1275 not a

silver 17.96

gold 1275

not a bad bounce, even by tomorrow's open?

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
Premarket Trading Report as

Premarket Trading Report as of 515am cst: 

per investing.com

GOLD: 1272.39

SILVER: 17.86

USD/JPY: 110.26

USD: 98.87

UST 10 yr: 2.298

per scottrade ticker:

GDX: 23.14/23.18

NUGT: 9.36/9.39

DUST: 28.91/29.24

GDXJ: 33.71/34.45

JNUG: 5.28/5.31

JDST: 17.20/17.36

GLD: 120.97/120.99

SLV: 16.87/16.89

----

i have a tendency to be early in, we shall see.....in NUGT at 9.39

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

tonym9
tonym9's picture
Offline
Joined: 09/27/2011
Hat Tips: 2231
Posts: 1277
brand new canonma

brand new canonma

__________________

"No! Try not. Do, or do not. There is no try." -Yoda

Levitation will levitate until levitation doesn't levitate. Rates be the key matey.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Syndicate contentComments for "x3rs of the pm "