Elsewhere on the page I’ve recommended cashing out 1oo shares of HUI that I’ve been tracking since mid-March. My guidance raises the possibility that the current correction in HUI could evolve into something more than a minor retracement. If so, we might benefit from trading this vehicle, an ETF with 3X exposure to declines in mining shares. The daily chart suggests that DUST has farther to fall, which would be bullish for the miners, but the odds would decrease if DUST starts generating bullish impulse legs on the intraday charts. That has yet to occur, but I’ve set an alert to warn me if and when it happens, so stay tuned. _______ UPDATE (April 19, 8:26 p.m. ET): I recommend getting long with call options or stock if and when this vehicle gets within a few ticks of the 1.24 target shown.
