JJC Has Soared More Than 13 Percent Since the Election. EUO Up 13.8 Percent.
To review, your current speculative positions should include …
n ProShares UltraShort Euro, symbol EUO, from roughly $23.30 with a modest 13.8 percent gain on the position. Hold, and maintain a good-till-canceled protective sell-stop at $20.86.
If not on board, you may purchase EUO at the market now using 5 percent of the funds you have allocated to The Speculator section. Place a good-till-canceled protective sell-stop at $20.86.
As noted in the main article, I do indeed expect a bounce in the euro, but it may be a weak one, and I consider it worthwhile holding EUO for now.
If you need to exit, I will alert you via flash alert.
n iPath Bloomberg Copper Subindex Total Return ETN (JJC). Hold, and raise your good-till-canceled protective sell-stop to $27.10.
JJC has soared more than 13 percent since November 8 and is now showing open gains of as much as 20.6 percent.
If not on board, you may purchase JJC at the market using 5 percent of the funds you have allocated to The Speculator section. Place a good-till-canceled protective sell-stop at $27.10.
