[[DGP]] Short @ $16.90, Jan 6 Covered @ $15.74, Jan 12 P&L: 6.53% No doubt gold is going lower, but I’m clearing out as many
readI covered [[PWE]] yesterday, for a total gain of 0.24%. Would’ve covered for +2.2% but believe it or not, because I posted the trade on
readClick charts to enlarge [[dgp]] — Short @ $16.90 Though RSI(3) indicates that gold is short-term oversold, I’ve highlighted 2 recent occasions when it was
readBought TZA Wrote a covered call on TZA – if called, 11% profit, 22.5% downside protection TZA for a quick trade, bought and sold Shorted
readThough I dislike trading oil and natural gas, PennWest seems like a fairly low risk short trade. TSX ticker is PWT, but I prefer NYSE-listed
readIt’s pretty obvious that SPX is overbought and should correct any day now. That’s in addition to the negative news out after hours (Alcoa, [[AA]],
readTrade: either short DGP or long DZZ (favoring short DGP at the moment, this may change) Trade is based on GLD levels — Entry: break
readFinancial Times, front page headlines: US retailers in battle at dawn — Drastic price cuts after poor sales Pakistan moves troops to Indian border —
readStandard & Poor’s 500 Index, ^SPX Click charts to enlarge Broke the triangle to the downside. Positives still “on the table” – flattening 50dma, low
readDaily $SPX chart as of December 19th close A few positives when lines drawn like this (click to enlarge), and volume is down on “red”
readWow, such a narrow range! Break out or break down is imminent. Click to enlarge
readSold [[HUN]] @ $3.44 for +13.35% gain. I intend to revisit near $3, my original buy-point. Still think it has the potential to go to
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