Trade Alert
We just sold 1/2 of our DUST position at $26.06, a bit below our initial target for this trade. We’re going to hold off a bit on the rest and see if we can continue to get some follow through on it.
Trade alert
If we are correct in our view that the USD is in the early stages of an uptrend, then the Euro will likely decline. The Euro tested the 50DMA this morning, and has since pulled back a little. We like the reward-to-risk ratio here, as it won’t take much of a move either way to prove us right or wrong. EUO is an inverse ETF that will rise if the Euro falls. Bought 20% EUO … read more Trade alert
Trade Alert
Oil is reaching resistance and is in the timing window for a move into a cycle low. Bought 20% SCO @ $33.19 Target @ $36.50 Stop @ $32.29
Trade Alert
We highlighted the 50DMA as a potential target for the USD. This morning, it came within $.04, and is starting to climb. We are selling the remainder of NUGT at $34.60. The Fed will announce its minutes at 2 this afternoon, and there is a good chance of a big move in either direction. We will watch from the sidelines to see if any opportunities present themselves.
Trade Alert
Sold 1/2 of NUGT position at $35.00. Still moving our way, but gold and silver are having trouble pushing through resistance here so we’re going to lighten up and book some profit while we wait to see how this shakes out.
Trade Update
This morning in pre-market trading, NUGT briefly exceeded our target of $36, before pulling back. There is a good chance that our target will be met today when the market opens. This was a good trade, and nobody could be blamed for closing the trade at the target. This morning, gold climbed to the declining 20DMA, before pulling back. If it is able to make it through the 20DMA, it has the 50DMA and that … read more Trade Update
Trade Alert
The Euro is approaching a potential area of support at the same time that the USD is approaching resistance. We are going to close out EUO for now, and look to re-enter at the next daily cycle low. Sold remainder of EUO @ $22.00
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