12-7-15 – Trading Strategy

12-7-15 – Trading Strategy

Current Sell List


Sell VXX (VIX) limit @ $21.00 (10.53% Profit)
Sell VXX (VIX) stop limit @ $17.90 (5.79% Loss)

Current Buy List


Buy JNUG (Junior Gold Miners) Limit @ $35.00
Sell JNUG (Junior Gold Miners) Limit @ $39.00 (11.43% Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $33.00 (5.71% Loss)

Current Holdings


 Real time portfolio updates are now available here

12/4/15 – VXX (VIX) @ $19.00

Today’s Updates


Market Snapshot 12-4-15

With the major news events out of the way on Friday, we finally saw a more diverse set of directions in the 12 markets I track. Crude and Natural gas will most likely continue their decline. I missed out on the opportunity to short GASL (Natural Gas Companies) last week because it required a short order during market hours. This is a limitation by my current broker and I am changing brokers so I can design more complex order entries that can be placed after hours so I don’t miss on these opportunities going forward.

GASL 12-4-15

This upcoming week should have a great deal of trade opportunities, so expect to see more activity next week.

Current Holdings with Open Orders for 12/7/15



Sell VXX (VIX) limit @ $21.00 (10.53% Profit)
Sell VXX (VIX) stop limit @ $17.90 (5.79% Loss)

I certainly got the pullback I was looking for but we had a full retracement of the gains on Thursday. $18.00 is still a substantial support level, so now it’s a wait and see if it holds. I’ve put my stop at $17.50 which would be a new low. Originally my stop entry was $17.90, but now this trade is relying on the $18.00 support level. It’s dipped intraday down to $17.70 on occasion and I am willing to give up another .20 cents to prevent an intraday dip.

VXX 12-4-15

New Open Orders for 12/7/15


Buy JNUG (Junior Gold Miners) Limit @ $35.00
Sell JNUG (Junior Gold Miners) Limit @ $39.00 (11.43% Profit)
Sell JNUG (Junior Gold Miners) Stop Limit @ $33.00 (5.71% Loss)

Gold has had a beautiful bounce off a multi year lower trend line. It’s much harder for this to fall further. This intern is also bullish for Junior Gold Miners which recently has been less affected by the drops in gold.

JNUG has a nice support level at $29.00, it’s broken out a one and a half month downtrend channel (in blue) and broke again out of it’s longer 2+ year down trend in white. Finally with the move above the 20-day EMA and PPO turning positive, I like all the evidence I have to enter this trade.

JNUG has a 7.75% weekly ATR which is a bit mild compared to what it normally trades at, so I’m asking for a small discount, but not one as substantial. This is simply a stab at a price, but this price is near the low before it gapped lower on 11/5.

JNUG 12-4-15