NUGT Trade on Jul 17, 2019 15:26 from Marius: Tradervue User Stock Trades.

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Marius

 

SPY in a temporary consolidation. Earnings has started and tech sector is to start report today with NFLX. I still have my original FB position on so looking to see how it reacts as NFLX historically sets a forward tone for upcoming tech names as the market re-adjusts to price in their earnings. I have momentarily paused trading the MJ sector and crypto space due to the bearish weighted daily trend. Waiting for momentum and confirmed reversals. I have been watching gold since the major longer-term break and have not traded it. Looking forward to trading this as GLD is approaching daily resistance with 1 more to go. DXY is also in a tightening range and looking for a probably lower break due to the Fed QE and SPY showing some consolidation pullback from ATH's. VIX is still on the lower end of the readings.

  • RVOL D, 1.63
  • ATR D, 1.80
  • Average Volume D, 9.371M

NUGT D,
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GC1! M, notable longer-term resistance being tested
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GLD D, major ETF liquid and widely traded (not 24 hours like futures above)
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DXY D, has been seen weakening and other assets have been seeing relative strength such as other precious metals in commodities and emerging markets. Notable strength in other currencies as well. (charts not included here)
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VIX D, remains on the lower end of range with less priced in overall market risk.
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SPY D, starting consolidation and viewing some names in earnings but will not extrapolate results from one company into the whole market. (ie. NFLX had a negative report with bearish price action) Will still keep it noted tho.
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Mid Trade Review

Exited full position due major move and expecting more to follow. Watching GC1 + GLD for price action trading NUGT. Planning to make more entries with this follow through and daily breaks on the former charts. I made an error executing my order and bought additional shares. I noticed it immediately and corrected it. Currently planning another shorter-term entry here and will place executions below.

NUGT 65m,
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NUGT D, follow-up trade/entry. Smaller position with short-term time frame in mind.
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NUGT 2m, exited here due to no follow through from yesterday's move. Re-evaluating the data as it comes in. Looking to see where our 65m + 195m HL is set. Tracking the 15m time frame on GLD and GC futures over the weekend.
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Execution detail:

Date/time Symbol Side Price Position
2019-07-17 15:26:45 NUGT buy $31.716 long
2019-07-18 14:54:11 NUGT buy $34.775 long
2019-07-18 14:54:36 NUGT sell $34.834 0
2019-07-18 15:08:36 NUGT buy $35.530 long
2019-07-19 10:43:11 NUGT sell $34.663 0


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