MPTrader features Mike Paulenoff's real-time technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices & sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking.
Below is what we discussed late yesterday. U.S. Dollar Index (DXY) remains on the defensive this morning... MJP 2/16/17 (8:25 AM ET)
One of the reasons that compelled me to reenter a long position in Direxion Daily Gold Miners Bull 3X ETF (NUGT) is the action in the Dollar Index (DXY), which looks like it ended its two-week recovery rally, and if so, will head lower again to revisit important support at 100.00 to 99.20, which, if violated and sustained, will "lock in" a Nov-Feb Top Formation. MJP 2/15/17