CosmicDust

NUGT - short term bearish call

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BATS:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
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Comparing with previous two short term tops, last several days of price action and technical divergences (unconfirmed higher high) seems to suggest it is developing into another short term top. So will hold onto my short position but will monitor the price actions in the next several days closely and have stop order in place (given that the weekly and daily trends are up.)
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