Broad indices were higher, sold off, tried to rally to break-even at 3pm, and went lower in to the close. Weak market tape. Metals were higher then sold off to a small loss. Dollar was higher and looks to continue higher. Markets failed to hold higher prices.
Went short SP500, SDS ProShares UltraShort S&P500, at 16.50.
Went short oil and gas, DUG ProShares UltraShort Oil & Gas, at 46.69.
Next week, going in to Labor Day weekend, will be light volume.
Friday, August 26, 2016
Monday, August 22, 2016
August 22 morning, closed metal short
The broad indices open 1/2% lower.
Metals did open lower. It looks like the metals used up the downside energy.
Closed the silver short (DSLV) for a 1.21 per share gain.
Metals did open lower. It looks like the metals used up the downside energy.
Closed the silver short (DSLV) for a 1.21 per share gain.
Friday, August 19, 2016
August 19, short metal into weekend
DJIA 18,553 -45.13
NASDAQ 5,238 -1.77
NYSE 10,829 -33.72
SP500 2,184 -3.15
Metals and specifically silver closed below recent prices, into lower 18. Silver and the metals can go lower next week. Bought triple short silver, DSLV, near the high of the day (near the lows for silver).
SLV 18.35 -0.42
NASDAQ 5,238 -1.77
NYSE 10,829 -33.72
SP500 2,184 -3.15
Metals and specifically silver closed below recent prices, into lower 18. Silver and the metals can go lower next week. Bought triple short silver, DSLV, near the high of the day (near the lows for silver).
SLV 18.35 -0.42
Friday, August 12, 2016
August 12, flat into the weekend
DJIA 18,576 -37.05
NASDAQ 5,233 +4.50
NYSE 10,822 -13.74
SP500 2,184 -1.74
Sold yesterday's ultra long SP500, SPXU, for a wash. Gold was higher in the morning, flat-lined, then sold off sharply starting at noon to close negative for the day.
Sold yesterday's gold short, DGLD, for profit of $1.05 per share.
NASDAQ 5,233 +4.50
NYSE 10,822 -13.74
SP500 2,184 -1.74
Sold yesterday's ultra long SP500, SPXU, for a wash. Gold was higher in the morning, flat-lined, then sold off sharply starting at noon to close negative for the day.
Sold yesterday's gold short, DGLD, for profit of $1.05 per share.
Thursday, August 11, 2016
August 11, Gold Horn
DJIA 18,614 +117.86
NYSE 10,836 +61.17
SP500 2,186 +10.30
DGLD 42.25 +0.78. 3x inverse gold. Bought at $41.44.
SPXU 23.01 -0.30. Ultra short S&P500. Bought at $22.98.
Looking to sell both positions tomorrow (Friday).
Gold made a horn and proceeded to sell off, following silver and platinum lower. When gold failed to keep the gains of the day, went short.
The broad market indices, having slowly sold off over the past couple weeks, were higher and were showing the up-strength was wearing thin.
NYSE 10,836 +61.17
SP500 2,186 +10.30
DGLD 42.25 +0.78. 3x inverse gold. Bought at $41.44.
SPXU 23.01 -0.30. Ultra short S&P500. Bought at $22.98.
Looking to sell both positions tomorrow (Friday).
Gold made a horn and proceeded to sell off, following silver and platinum lower. When gold failed to keep the gains of the day, went short.
The broad market indices, having slowly sold off over the past couple weeks, were higher and were showing the up-strength was wearing thin.
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