ETF - 3xleveraged
JNUG - Doubled In Three Weeks
April 22, 2015
Gold price has been flat since March 27.
But Gold miner ETF GDX and GDXJ have been in uptrend and playing with 3Xleveraged bull ETFs can give the investors huge returns if we implement a short term trading strategy and the timing was right.
The chart below showed the buy and sell signals in the last 15 trading sessions for JNUG. With only 6 trades, the total return is more than 100%:
Trade 1 - buy $16.00, sell $20.00, gain 25.00%, hold two days;
Trade 2 - buy $18.18, sell $21.80, gain 22.00%, hold two days;
Trade 3 - buy $18.00, sell $20.50, gain 13.80%, hold two days;
Trade 4 - buy $19.00, sell $22.00, gain 15.70%, hold three days'
Trade 5 - buy $20.30, sell $22.00, gain 8.60%, hold one day;
Trade 6 - buy $19.80, sell $22.00, gain 11.00%, hold two days.
Total return: 139% compounded.
That is only half of the story.
The chart showed an ascending triangle bullish pattern. Once it breaks out $22.00 strong resistance, we may see $29-$30 in another three weeks and we may make another double in the following three weeks.