I’m seeing the potential for a pause in the euro and yen’s decline, as well as in the dollar’s rally.
Not to worry, the trend hasn’t changed. But with open gains of up to 120% on the euro puts alone, based on yesterday’s close … it’s prudent to take remaining currency profits off the table, step aside and get back in at the right time.
See the details below. Also note: You should have been filled on Monday purchasing the January 2016 United States Oil Fund put options with a strike price of $14.00, symbol USO160115P00014000, at $1.28 …
Or, the ProShares UltraShort Bloomberg Crude Oil ETF, symbol SCO, at $96.00.
If not filled – or you just joined as a member – using 5% of your trading funds, you may purchase either of the above at the market.
As for gold and silver, they remain bearish and should continue to decline into my target date of Nov. 25 – from which, a new and very powerful rally will begin. So stay tuned. I plan on taking full advantage of that trend change!
If, for whatever reason, you do not have the recommended bearish gold ETF (DZZ) in your portfolio, not to worry. Simply wait for my next recommendations – which will most likely be on the long side of gold (and silver).
Now, to take your currency profits …
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ALL Members: Act only on the positions you may own below. If you do not own any or all of the positions below, wait for my next signals. 1. SELL ALL of my remaining ProShares Ultrashort Euro Jan-16 25 Calls (EUO160115C00025000) at $2.10 or better, to close, good till canceled. 2. SELL ALL of my remaining ProShares Ultrashort Euro (EUO) shares, at the market. Also, be sure to cancel your sell stop. 3. SELL ALL of my remaining PowerShares DB US Dollar Bull Mar-16 25 Calls (UUP160318C00025000) at $1.08 or better to close, good till canceled. 4. SELL ALL of my remaining PowerShares DB US Dollar Bull ETF (UUP) shares, at the market. Also, be sure to cancel your sell stop! 5. SELL ALL of my remaining CurrencyShares Japanese Yen Mar-16 78 Puts (FXY160318P00078000) at $1.25 or better, to close, good till canceled. 6. SELL ALL of my remaining ProShares UltraShort Yen (YCS) at the market. |
Stay tuned and best wishes,
Larry
