Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

NUGT Defies Stronger USD and Equity Market Weakness Amid Rising Geopolitical Tensions


The Direxion Daily Gold Miners Bull 3X ETF (NUGT) is holding up well despite a higher USD and lower stock indices through the first hour of trading.

NUGT appears poised to extend its recovery rally to test my next optimal target zone in the vicinity of 7.00, which, if hurdled and sustained, will trigger upside potential to challenge the Dec resistance line, now at 8.00.

Only a decline that breaks near-term support at 6.25/20 will compromise the developing recovery rally effort.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!