Potential Short Opportunity; GDX,DUST

GDX-Market Vectors Gold Miners ETF might be going through a character change, the ETF has been riding its 20 day moving average since August, every dip to the average served as a buying opportunity.  Today the GDX is trading below its 20 day for the first time since August.  The trade here would be; short the GDX with a stop at the high of the day, DUST is the 3x leverage ETF.


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.


blog comments powered by Disqus