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May 21, 2013 -- Updated January 27, 2013 14:01 HKT

Direxion Daily Gold Miners Bull 3X Shrs NYSEArca:NUGT Outlook


paul@livetradingnews.com
Posted on: Jan 27th, 2013

Direxion Daily Gold Miners Bull 3X Shrs NYSEArca:NUGT

Fund Summary: The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the NYSE Arca Gold Miners Index. The fund creates long positions by investing at least 80% of net assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a modified market capitalization weighted index comprised of publicly traded companies that operate globally in both developed and emerging markets, and are involved primarily in the mining for gold and silver. The fund is non-diversified.

Contact: 866-476-7523

Institutional trading of Direxion Daily Gold Miners Bull 3X Shrs shares yielded a Bought/Sold Volume Ratio BSVR of 1.50.

60 block trades crossed the tape; 514,740/shrs on the Buy side Vs. 343,175/shrs on the Sell side.

Cash flow: inflow of $4,235,600, outflow of $2,822,787. The net cash flow for NUGT was $1,412,813, signaling that institutions likely have Bullish outlook on the stock.

Looking at the option trading shows that a total of 16,593 Call and 3,318 Put contracts traded Friday yielding a 0.20 Put/Call Ratio PCR.

A significant increase in the trading volume of a stock’s option often is a signal of movement in the underlying stock.

PCRs can be used as an investor sentiment indicator, where a high ratio implies that the overall investor sentiment is Bearish and a low PCR implies that the sentiment is Bullish.

Direxion Daily Gold Miners Bull 3X Shrs is trading at 7.99, -0.73 (8.37%) in Friday’s trading session.

The low on the day was: 7.95, the high was 8.67.

Volume: 13-M/shrs is above the average 90 day volume of 5-M/shrs.

NUGT is trading below its 20, 50 and 200-Day MAs.

The 52 wk trading range for NUGT is: 7.69 – 27.03.

RSI: 29.74

Performance Metric

Week Month Quarter Half Year Year

-13.83% -12.27% -44.21% +7.39% -58.77%

Analysis Overall Short Intermediate Long
Bearish (-0.34) Bearish (-0.25) Bearish (-0.48) Bearish (-0.29)

Recent CandleStick Analysis Neutral
Date Candle
22 Jan 2013 Bullish Engulfing

Gaps open up none

Support and Resistance
Type Value Conf.
resist. 19.20 2
resist. 18.33 4
resist. 17.00 2
resist. 16.55 2
resist. 15.64 4
resist. 15.17 3
resist. 13.20 6
resist. 12.68 2
resist. 11.58 6
resist. 10.67 6
resist. 9.76 14
resist. 8.68 2
supp NIL

Technical Chart Indicators
Ind. Short Inter Long
EMA VBe VBe VBe
MACD VBu Bu VBu
RSI Be
TDD Be
Fibs Be VBe VBe
Highs VBe VBe VBe
Lows VBe N Be
Trends N N N
Stoch. VBu
VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish











 

image1

 


 

Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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