Bullish Case: Recent week-over-week price uptick and the AI's prediction of slight bullishness indicate a possible short-term positive momentum for NUGT.


Bearish Case: Long-term downtrend, flat volatility curve with high current volatility levels, and higher bearish than bullish risk suggest continued bearish sentiment.


Potential Outcomes:

1. Continued uptrend (30%) due to mean reversion;

2. Volatility contraction (30%) leading to flat pricing;

3. Price decline resumption (40%) due to historical downtrend.


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February 22, 2024


Direxion Daily Gold Miners Index Bull 2X S Forecast

[NUGT]  Direxion Daily Gold Miners Index Bull 2X S
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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NUGT Balanced News:
















Correlated Stock Forecasts

Assets that tend to move strongly with NUGT



JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (0.98)


GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (0.94)


SILJ Forecast + Options Trading Strategies   [SILJ]  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.92)


SIL Forecast + Options Trading Strategies   [SIL]  Global X Funds - Global X Silver Miners (0.9)


AU Forecast + Options Trading Strategies   [AU]  AngloGold Ashanti Ltd (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to NUGT



HST Forecast + Options Trading Strategies   [HST]  Host Hotels & Resorts (-0.0)


AL Forecast + Options Trading Strategies   [AL]  Air Lease Corp (0.0)


TRIP Forecast + Options Trading Strategies   [TRIP]  TripAdvisor (0.0)


FIVN Forecast + Options Trading Strategies   [FIVN]  Five9 (0.0)


CLMT Forecast + Options Trading Strategies   [CLMT]  Calumet Specialty Products (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against NUGT



SFL Forecast + Options Trading Strategies   [SFL]  SFL (-0.73)


GRPN Forecast + Options Trading Strategies   [GRPN]  Groupon (-0.79)


TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.79)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.8)


J Forecast + Options Trading Strategies   [J]  Jacobs Engineering Group (-0.8)


NUGT News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.

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