JNUG Forecast + Trading Strategies




Price Forecast:


Bearish<->Bullish




Bullish Case: JNUG may rebound, influenced by escalating gold prices amid macroeconomic turmoil. The current elevated implied volatility suggests potential upward movement, particularly if bullish market sentiment prevails.




Bearish Case: A continuation of historical mean reversion signals downside risk for JNUG. Elevated implied volatility may not translate into price gains, potentially leading to further declines if market conditions turn south.




Potential Outcomes:

1. JNUG gains due to gold rally (55%);

2. Price stagnates amidst mixed signals (25%);

3. Mean reversion leads to declines (20%).




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November 17, 2024


Direxion Daily Junior Gold Miners Index Bu Forecast

JNUG        Direxion Daily Junior Gold Miners Index Bu











Correlated Assets

Assets that tend to move strongly with JNUG



SILJ Forecast + Options Trading Strategies   SILJ  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.99)


GDXJ Forecast + Options Trading Strategies   GDXJ  VanEck Vectors Junior Gold Miners (0.99)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.98)


HL Forecast + Options Trading Strategies   HL  Hecla Mining (0.97)


WPM Forecast + Options Trading Strategies   WPM  Wheaton Precious Metals (0.96)



Uncorrelated Assets

Assets with little price relationship to JNUG



HOG Forecast + Options Trading Strategies   HOG  Harley-Davidson (0.0)


CP Forecast + Options Trading Strategies   CP  Canadian Pacific Railway (-0.0)


CAL Forecast + Options Trading Strategies   CAL  Caleres (0.0)


PCAR Forecast + Options Trading Strategies   PCAR  Paccar (0.0)


MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (0.0)



Anticorrelated Assets

Assets that tend to move strongly against JNUG



SSTK Forecast + Options Trading Strategies   SSTK  Shutterstock (-0.84)


SAGE Forecast + Options Trading Strategies   SAGE  Sage Therapeutics (-0.86)


PGNY Forecast + Options Trading Strategies   PGNY  Progyny (-0.87)


ZSL Forecast + Options Trading Strategies   ZSL  ProShares UltraShort Silver (-0.88)


APLS Forecast + Options Trading Strategies   APLS  Apellis Pharmaceuticals (-0.88)









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