Your current moderate speculative positions should include …
ProShares UltraShort Euro, symbol EUO, from roughly $23.30 with a modest 13.4 percent gain on the position. Hold, and raise your good-till-canceled protective sell-stop to $25.30.
After breaking below the 1.10 level last fall the euro has been stuck in a trading range, trading mostly between the 1.08 and 1.05 levels. I expect the euro to still head lower from here. But in case it has an unexpected move higher, I recommend that you raise your protective sell-stop to lock in a profit.
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 $25.30.
ProShares UltraShort FTSE Euro, symbol EPV. Hold, and maintain a good-till-canceled protective sell-stop at $44.35.
You should have been filled last month on your order to buy EPV around $47.76. Great! European stocks have been on a similar trajectory as U.S. stocks, but Europe’s markets are starting to roll over to the downside. The upcoming elections in the Netherlands, France, and Germany could send European stocks into a tailspin. We are well positioned with EPV.
If not on board, you may purchase EPV 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 $44.35.
ETFS Physical Platinum Shares, symbol PPLT. Hold, and maintain a good-till-canceled protective sell-stop at $81.07.
You should have been filled earlier this month on your order to buy PPLT around $92. Excellent! The price of platinum pulled back along with gold and silver right in line with the AI models. It’s possible, that we could see some further weakness in the precious metals, but the models are showing a surge again in platinum heading into late spring — early summer.
If not on board, you may purchase PPLT 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 $81.07.
