Posts Tagged ‘3x etf’

GOLD is a BUY at current levels

December 10th, 2009
gold-10-12

Finally, after unstoppable rise up the GOLD has retraced to the more reasonable levels. Right now we are trading right at the 50% Fibonacci retracement level and any weakness in USD will spark a huge buying interest in GOLD. My suggestion is to start accumulating GOLD at 1110-1130 levels. Place stop below 1100 (NB! use position management carefully) and a target at 1250.

If you are trading stokcs and ETFs, then buying DGP at 28.00-28.50 is a good bet. 1st Target 30.00-30.50 (I would personally exit 1/2 there and let the rest ride). Stop belwo 27.50.

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Posted in Investing Ideas, Market Overview, Potential Setups

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Added more FAZ calls.

February 25th, 2009

Ok, added more [[faz]] calls. Fully loaded now.

Average prices:

March Calls@150 – 1.60$

March Calls@140 – 1.75$

The end of day runup made me even more confident. Target, as mentioned before 110.00-120.00.

Stop at 35.00

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Posted in Trade update

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FAS (9.02)

February 8th, 2009

[[FAS]] is a great trading vehicle for those, who are looking for the biggest bang for a buck.

Here is how you can play it next couple of weeks.

fas

There is a clear double bottom on the daily, with an ultimate target at ~18.00-20.00.

fas-d

Looks like Whycoff to me. A dip below support and then a quick reversal. Even though I have chosen 9.50-9.80 as a buying area, it is only valid for a couple of days, as if the market desides to go much higher, like beyond 12$, it won’t pull back that low.

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Posted in Market Overview, Potential Setups

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