Issue #179
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For all members, for each $25,000 in equity you are trading: 1. BUY 100 shares of Market Vectors Oil Services ETF, symbol OIH, at the market. Place a protective sell stop at $33.50 stop, good till cancelled. 2. BUY 100 shares of Direxion Daily Gold Miners Bull 3X Shares ETF, symbol NUGT, at the market. Place a protective sell stop at $8.75 stop, good till cancelled. 3. SELL ALL of your shares of ProShares Short Russell 2000 ETF, symbol RWM, at the market. Cancel your good-till-cancelled stop order at $15.50. 4. SELL ALL of your shares of ProShares UltraShort QQQ, symbol QID, at the market. Cancel your good-till-cancelled stop order at $37.50.
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Dear Member,
Energy stocks appear to have found a temporary bottom and look ready to begin rallying higher with the U.S equity markets. Therefore, I recommend purchasing the Market Vectors Oil Services ETF, symbol OIH, at the market.
Gold mining shares are also bouncing off of their recent lows, so now looks like a good time to add a gold mining ETF. I recommend purchasing the Direxion Daily Gold Miners Bull 3X Shares ETF, symbol NUGT, at the market.
After the U.S. Fed’s vote of confidence last week, the markets surged higher, so I recommend you sell both of your inverse equity ETFs now and wait for this rally to play out.
Gold and oil prices both are looking to bounce higher, so continue to hold your UCO and UGLD positions.
Best wishes,
Larry
