Friday, September 27, 2013

Trade Idea: GDX Calls / NUGT long

I'm also seeing some interesting signals in GDX right now which I do like, this move has the potential of being a better options set up finally. The bull flag is seeing a shakeout and the 3C signals are going positive on it.

I'm not adding anything yet, but after I post the GS charts, I'll take another look at it and open exposure and make a decision, if I didn't have any exposure to it, I'd likely be opening a position here (long) GDX or NUGT.
GDX seeing positive divergences on the break below the bull flag.

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