2XBEAR JUNIOR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler.
I noticed AMEX:JDST 's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return.
I also think AMEX:DUST is worthy of buying
Key stats
About Direxion Daily Junior Gold Miners Index Bear 2X Shares
Home page
Inception date
Oct 3, 2013
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
JDST provides geared inverse exposure (-2x) to the MVIS Global Junior Gold Miners Index, a cap-weighted index of global gold mining companies that derive at least 50% of their revenue from gold or silver mining activities. The index caps exposure to silver mining firms at 20% during each quarterly review. The term junior refers to the size of these firms, which are considered small-caps by the index provider. Overall, this tends to be a volatile segment. Like most inverse and leveraged products (including sister fund JNUG, which provides 2x exposure to the same index), JDST's exposure is reset daily. The fund is therefore designed to be used as a tactical trading tool. You must regularly reset your exposure to get the multiple if you hold the fund for more than a day. Prior to March 31, 2020, the fund provided -3x exposure to the same index.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
JDST Inverse Junior Gold Miners ETF: Inverted Head and ShouldersJDST, the 2x Inverse Return ETF for the Junior Gold Miners Index, has formed a Slanted Bullish Head and Shoulders pattern that is currently holding above the 21SMA. If it holds here, I can see it rising all the way up to $12-$17 as gold loses steam.
Buy $JDST - NRPicks 21 MayJDST is an inverse ETF leveraged 2x the daily performance of the MVIS Global Junior Gold Miners Index. The fund invests in futures contracts, short positions or other financial instruments that provide leveraged inverse exposure, tracks the performance of micro, small and medium-sized foreign compan
JDST D4: BUY/HOLD setup +150% gains BULLS(SL/TP)(NEW)Why get subbed to me on Tradingview?
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
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Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.