MOJO Swing Trade Newsletter 12/12 DGAZ & NUGT Updates

Published: Thu, 12/12/13

Thursday December 12, 2013

Hi Morning MOJO Swing Traders,

ProTrader Mike - has timing - making things happen!!

Drexion Daily Gold Miners (NUGT) - Model is long 1,000 shares average cost $25.50

Velocity Shares 3X Inverse Natural Gas (DGAZ) - Model is long 4,000 shares average cost $8.35

FROM EARLIER =

Going for (2) new trades today - no rush because they are weak and I am looking for that reversal and to catch bottom on both of these.

Velocity Shares 3X Inverse Natural Gas (DGAZ) - I have been very patient with this stock wacthong it drop from $17.79 high on 11/5 to a low this morning of $8.27

MOJO is starting a position here of 4,000 shares - will be scaling into 2,000 this morning and then another 2,000 either higher or lower. Target back to $10.00+

Drexion Daily Gold Miners (NUGT) - We are timing this perfect - as after the last buy at $27.75 the stock dropped to $25.00 lows and we sold covered calls and collected a nice premium. The stock soared to $30.00 now has retraced back to $25.80

MOJO is starting a new position here of 1,000 shares - will be scaling into 500 this morning and then another 500 either higher or lower. Target back to $28.00+

Thanks for reading, and profitable trading!

ProTrader Mike
email: info@mojodaytrading.com
website: http://www.mojodaytrading.com

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