DUST/NUGT to GDX Robot Guidance

[grems8544]

Folks,

Can you add DUST and NUGT to the guidance for GDX? These are the Direxion 2x ETFs that track GDX, and it appears that there is a 1.000 correlation over the past 100 days.

Thanks,

pgd

[Pascal]

Folks,

Can you add DUST and NUGT to the guidance for GDX? These are the Direxion 2x ETFs that track GDX, and it appears that there is a 1.000 correlation over the past 100 days.

Thanks,

pgd

I am not in favor of that idea, because there is not that much volume on these two ETFs and I am afraid to get intraday volatility discrepancies which will put off prices by a few cents or more for the next entry. The best is to buy these leveraged ETFs when GDX triggers (which is at the open on a new signal anyway.)


Pascal

[grems8544]

I am not in favor of that idea, because there is not that much volume on these two ETFs and I am afraid to get intraday volatility discrepancies which will put off prices by a few cents or more for the next entry. The best is to buy these leveraged ETFs when GDX triggers (which is at the open on a new signal anyway.)


Pascal

Good points.

Thanks for the consideration.