This a has been a good week and a busy week, and it looks like I will once again be going back into the market
I expected last week to be a down week and exactly the opposite happened. On Wednesday the little mini rally led IBD to change their market outlook to “ Market In Confirmed Uptrend”
In advance of this I picked up more GLD , took a couple of positions in silver with SLW , a Canadian silver company and in AGQ a 2X leverage silver ETF. I also moved into the 3X levered financial inverse FAZ . After Wednesday I thought I had chosen and timed this poorly, however all but FAZ ended up nicely for the week.
I’m sure glad I did not go short, but that may happen in the near future, at least folks with greater forward vision seem to think so.
What did I see in the weekend review?
As mentioned earlier IBD’s Market Current Outlook shows “Market Resumes Uptrend”
My interpretation of the Copernicus Systems is to be long...so I will with an initial position into RSU , a leverage version of the S & P 500
My "Stocks for a Trade" now consists of:
(Gains shown are the total since purchase)
ETF's for a trade are:
USO 9.57 %
GLD second purchase 1.05%
AGQ 15.91%, WOW, this in just a few days…. normally I would sell at this gain, but since I would buy again I will reset and consider the gain to be .91% for simplicity..... I should point out this can fall just as fast, perhaps even faster
FAZ –2.59% with the change in market trend, this will have to go on Monday
Oil and energy continue to be good to hold
OIH 25.43% up
XLE. 16.01% up
Have a great week!