NUGT up 9% - DUST down 9% in pre market

Gold is trading back above 1310 this morning which is causing NUGT to rise 9% and DUST to drop 9%.  These two triple gold mining ETF's have been a day traders dream in 2013 due to the large swings we've been seeing.

Direxion Daily Gold Miners Bull 3X Shares (NUGT) will now have resistance around $8 which is the 50 day moving average.  Direxion Daily Gold Miners Bear 3X Shares (DUST) will have support in the low $70's and is a buy down there.

Trading DUST & NUGT is a full time job as they both have massive swings.  Always keep a tight stop and go with the one that is trading up on the day.

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Buy TNA Stock?

Buy TNA? - Direxion Daily Small Cap Bull 3X Shares (TNA) Analysis 2/22/13 February 22, 2013 -

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Direxion Daily Small Cap Bull 3X Shares (TNA) is seeing a large pullback due to the stock market correction over the last two days?  Is TNA a buy?  Not right now.  Over the last 2 years, I have been aggressively buying TNA below $50, usually during the summer months.  If Europe flares up over the summer of 2013 and we see a stock market correction, I will be looking to start buying TNA below $50 again.  Right now I give this a 33% chance.  Below $60 is probably a lot more likely.  Don't chase TNA this high, AGQ is actually a lot better.

Also see - Top Stocks 2013 - Top Stock Gainers 2013