Issue #159
For all subscribers: For each $25,000 in equity you are trading …
1. Buy 100 shares of Direxion Daily S&P 500 Bear 3X ETF, symbol SPXS, at the market. Place a protective sell stop at $22.80, good till cancelled. 2. Buy 200 shares of VelocityShares 3x Long Gold ETN, symbol UGLD, at the market. Place a protective sell stop at $10.39, good till cancelled. |
Dear Member,
The charts on U.S. equities continue to look weak. I believe the markets are poised for a larger correction. Even after a decent jobs report last week, the rally was only short lived. All of my indicators suggest that the recent bounce back was nothing more than that, a bounce, and that much lower prices are coming for the equity markets.
You already own an inverse ETF on the Russell 2000, ProShares Short Russell 2000 ETF (RWM). Now it’s time to add another inverse ETF to your portfolio. This time, I want you to add some additional leverage to take advantage of the coming market correction.
I recommend all subscribers act on the above recommendation as soon as possible and purchase Direxion Daily S&P 500 Bear 3X ETF, symbol SPXS, at the market.
At the same time, the crushing blow that the metals took after I told you the bear market was back, is about to give way to a rather large bounce, one worth playing. Therefore, please also act on the second recommendation above and purchase shares in VelocityShares 3x Long Gold ETN, symbol UGLD, at the market
My overall strategy in gold and silver will be to take on a bearish position once I see the bounce is finished. Reason: The next leg down in the precious metals should be violent and sharp, bringing gold down to below $1,100 and silver to below $15.
We’ll attempt to take a short-term profit on the bounce right now, in gold, but the big profit opprtuntiy will come reversing to a bearish position after the bounce.
Hold all other positions, with their related stops, and stay tuned.
Any questions? I welcome them all! Just click here! And if you have specific account or other customer service issues, please contact our customer care team here.
Best wishes,
Larry