JNUG ready to rock?

Mar 5, 2017

JNUG missed an opportunity for a bullish Exponential Moving Average cross up over the past couple weeks. Felt horrible for anyone (...uh...guilty) who bought in the late Jan/early Feb thinking that insane movement was THE start of another wild bull run like 2016. I've improved my average to $9.40 by buying in the $6's. Using the Fibonacci Extension Tool on the Dec 2016 swing low to the swing high, I see a very precise touch on the 0.236 Fib line on this deep retracement, and expect this to be as bad as it gets. It could touch it again (and again and again) as this crazy market (and especially miners, and especially leveraged ETF's) love to play head games with the little guy/girl to shake them out when the circumstances appear the most dire. Stay strong, be smart. Use those simple, powerful indicators to make your decisions. But don't be stubborn either. I like the indicators I've used here, and in a minute I'll post a different chart with another simple one you can use.