A Proper Level

I sold another piece of NUGT long at $11.29 from my $10.25 entry and am now down to roughly 1/3 position of original size now. I also moved up my stop to my entry.

Regarding crude oil, and keying off the USO ETF, first below, I am watching the $16.80 above to see whether black gold can sustain more than just a temporary pop into next week. 

Into the afternoon to close out this week, BIIB and FB may be the two keys for the bull case in terms of determining whether this move higher sticks ore reverses, given their recent leadership roles.