May 18th 50% Minimum Move in $JDST Coming From the Reverse Split & Gold Correction (Short Term Target $1160)

The last 4hr confirm sell signal in Gold ($XAUUSD) generate roughly a 22% spike in $JDST. In addition to $JDST Direxion Daily Jr. Gold Miners Bear 3X, is set to do a Reverse Split. Everyone gets scared of reverse splits, not me. Historically Reverse Splits have shown to be profitable. Today $jdst dip to $1.46 in which I was able to add to my core position for a total of 7500 shares. I started scaling in at $1.58, $1.53, and bought the dip at $1.46, and again at $1.52

After the 50% move, I plan on writing Cover Calls which should easily generate me another 10%-15%
minimum.

Historically, Reverse Splits have shown to give some gains as much as 18%-25% to a position after the split. My two charts will illustrate my point of view.

Feel free to visit my comments on the $JDST thread on StockTwits.com , my username is TradingOffTheCharts

I've updated my Breakout Chart of the Week list w/ $JDST after providing you $VRX Valeant Pharmaceuticals on Sunday Night. Please visit my Breakout Stocks page.