Issue #120
Dear Member,
| Recommendation: For each $25,000 in equity you are trading …1. Buy 100 shares of ProShares UltraShort euro ETF (EUO) at the market and place a protective sell stop at $15.47, STOP, good till cancelled.
2. Buy 100 shares of Direxion Daily S&P 500 Bear 3X Shares (SPXS) at the market and place a protective sell order at $27.67, STOP, good till cancelled. |
We’re seeing some nice action today, with gold up over $16 and silver soaring roughly 48 cents. That’s great for our long ETF positions. However, don’t be surprised if you see gold and silver pullback; in the short-term, they are bit overbought.
Hold your long gold and silver ETF positions, after any pullback, they’re headed higher still.
Right now, my systems are signaling a short sale in the euro as it may finally be topping out.
It’s also signaling another wave down in the stock market.
Therefore, please act on the above recommendations as soon as possible.
Best wishes,
Larry
