1/2/15 – Trading Strategy
12/22/14 – BZQ (Inverse Brazil) @ $81.50
Stopped out of SPXL @ $89.90 for a 1.01% gain.
Stopped out of DRN @ $80.75 for a 1.25% gain.
Sold RUSS Limit @ $28.15 for a 15.61% gain.
– EPV wasn’t filled today. It’s low was $62.17 and my order was for $62.10.
Earlier this week I was stopped out on DGLD (Inverse Gold) with the intention of possibly riding gold down further later in the week. At this point, I don’t believe I will be doing either. I looked again at the new possible trends and drew the chart below. We could actually be in a short term uptrend if GOLD goes up on Friday and holds through next week. Right now we need a couple more days before a solid trade can be determined.
Current Holdings with Open Orders for 1/2/15
Sell BZQ (Inverse Brazil) Limit @ $90.00
Sell BZQ (Inverse Brazil) Stop @ $78.50
– Brazil finally started it’s downward turn today. Not high enough in the position to move the stop up. $90 is an unlikely sell, but that will be my target unless something causes me to believe otherwise.
Open Orders for 1/2/15
BUY EPV (Inverse Europe) @ $62.55
– EURL (Europe) is starting to show it’s downward movement. I’m going to up my bid on EPV (Inverse Europe) to the close of 12/30/14, but this one may very well get away from me.
BUY JDST @ $12.60
SELL JDST @ $14.55
JNUG (Junior Gold Miners) has broken out of it’s downtrend and what appeared to be a triangle. We are now either in a sideways consolidation or it will move up higher. With GOLD having spiked lower today, I think it’s unlikely JNUG will go higher. If it does, I’m putting in a bid for JDST (Inverse Junior Gold Miners) to take advantage of what I feel will be an immediate correction in JNUG.
Looking at the chart of JNUG you can see the potential sideways consolidation and resistance if it tries to throw over on Friday.
So I’m putting in a bid for JDST if it drops the currently 7-day ATR % of 20%
BUY RUSS (Inverse Russia) @ $23.25
SELL RUSS (Inverse Russia) @ $26.85
– RUSL (Russia) is going down again, but because it has up to 20% daily moves, I’m getting in to RUSS (Inverse Russia) if RUSL goes up 21% for the day.