Bear Cave 2 (Bull Allowed)

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Added some more shares of TZA....

1/14/2014 11:04:02 AM ET TZA Bought TZA @ $17.03 Executed


Same stop @ 16.85

Good trading.


I'm moving my TZA stop down to $16.71 which would be a new 52 week low.
 
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Buying back some shares of JNUG that I sold this morning.....Trade only!


I'm also adding to my short position....same stop @ $16.71....Trade only!
 
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Comment from Kaplan:

The most important feature of 2014 is how incredibly different it will be from 2013. U.S. Treasuries, which had plummeted in 2013, will likely form an extended bottoming pattern in 2014 accompanied by the kind of gloom that mining and emerging-market equities experienced last year. This is characteristic of how bear markets behave when they are completing their second year. Having seen incessant gloom and doom throughout 2013, especially during the creation of multi-year bottoms, the shares of nearly all commodity producers and emerging markets will likely be among the top performers of all assets in 2014. Currencies will reverse their roles, with the invincible euro stumbling as emerging-market currencies are especially strong. The unstoppable global climb for real estate will stop, although housing price declines will likely remain modest in 2014 before accelerating in later years. U.S. equities won't continue to climb as most are anticipating, nor will they collapse as others are warning; look for perhaps 10% declines for most general U.S. equity indices with many of the current hot favorites down perhaps 20% on average. One repeat from 2013 will be the way that the financial markets treat those who use momentum strategies and other technical methods: such traders will continue to have their stops triggered just before the biggest trends are established, so the fewest investors will benefit from the most dramatic asset fluctuations.

True Contrarian
 
Is this a possible wave 2 up of a C in an intermediate decline....for the S&P. I sure don't know, but Da-Wave guys talk like it could be. I say we shall see!

Getting close to my stop again, but for now it's still a higher low....now, that could change by tomorrow or even by the close, and if it does I will be stopped out @ $16.71. However, we will have another NEW 52 week low for TZA....and the Bulls win again. I'm adding one more small tranche now @ $16.88 and will use the same stop @ $16.71

52wk Range: 16.73 - 49.12

TZA: Summary for Direxion Small Cap Bear 3X Shar- Yahoo! Finance

TZA - SharpCharts Workbench - StockCharts.com

Good trading.
 
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CrabClaw,

Someone sure wanted Gold not to hold the 1250 level today.....the crooks more then likely. It looks like we are going to gap down tomorrow at the open (gold is currently down), so I will be adding some for sure in my trading account. I'm not sure what I'm going to buy NUGT or JNUG....I'll let the price decided, but JNUG has had a nice run since I bought shares at 13.10 and lower. NUGT might be the better buy, and it is very liquid for trading, but it's a coin toss for now.


I'm not going to add to my position trade GDX or GDXJ, unless gold test the June lows of 1180, and I sure hope that doesn't happen. I'm concerned about the gap on my HUI chart, but I'm still going to add and keep my position size small. It seems every time HUI leaves behind a gap it gets filled, and that would be another real beat-down holding NUGT and JNUG.

Some of the paid services I follow went back to cash today and sold the miners, but the two main trading services I use for wave and TA data are holding, and one was adding today both NUGT and JNUG. NO ONE can know for sure what will happen in the short-term, but I'll be buying the dip.....and if we head lower I'll just hold and maybe add. I still think we are very close to a multi-week rally, but I have been wrong so many times in 2013 it keeps my position size smaller then I would like.

Good luck on your trade if you buy.

$HUI - SharpCharts Workbench - StockCharts.com
 
I'm removing my stop on TZA for the open. It looks like the market will gap up this morning, and I don't want my TZA stop hit in the first hour of trading. I will sell at the market later today if it looks like another move higher is in the cards for the small caps before a pull-back. My TZA position size is still very small, and I could still add another tranche this morning, but haven't decided yet. I'm watching gold and the miners, as another beat-down is in progress.

It' never easy trying to trade the metals/miners when it's so easy to move them up or down. Lots of stops were run again yesterday and today already, and folks are just plain tired of trying to hold on to long positions for the metal/miners. I hang out in other chat rooms and many traders are back to cash again.....I'll be looking to add to my long trade again as I sold many shares during this rip up, but as I mentioned in a earlier post the gap on the HUI chart has me worried. I would not like to see HUI heading back down to around 200 again if I add to today, but that's the risk of short-term trading 3X indexes.

Watching and waiting, and for sure this is a High Risk Trade if I take it as I'm already long some share of NUGT and JNUG. I will keep positions small for Risk Management, and I already have positions in GDX GDXJ NUGT and JNUG that are headed lower today.

$HUI - SharpCharts Workbench - StockCharts.com



Good trading.
 
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Im thinking if NUGT goes down to $27-$28 and shows some stabilization I will dabble. If it looks like it blasts down to that level in obvious downdraft mode I will wait.
 
CrabClaw said:
Im thinking if NUGT goes down to $27-$28 and shows some stabilization I will dabble. If it looks like it blasts down to that level in obvious downdraft mode I will wait.
Click to expand...

Nothing wrong with waiting.....I'm adding slowly myself.

Added some shares...

1/15/2014 10:23:52 AM ET NUGT Bought NUGT @ $30.99 Executed
 
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I didn't like the action....sold for small gain and now waiting.....

1/15/2014 11:14:02 AM ET NUGT Sold NUGT @ $32.01 Executed

1/15/2014 11:19:01 AM ET JNUG Sold JNUG @ $20.11 Executed

Good trading.
 
Another Bullish Call from Jeff on gold.....he has been wrong for many months now.

Contrarians’ Wildest Dream Coming True
by Jeff Clark - Casey Research
Published : January 15th, 2014


Of course, just because something is cheap today doesn't mean it will soar tomorrow. But given gold's historical role as money, butted up against monetary recklessness today, the outcome seems all but certain.

http://www.24hgold.com/english/news...90&redirect=false&contributor=Jeff+Clark&mk=1
 
I will be buying shares of JNUG back if they sell-off into the close. The miners held up pretty good today even with gold down....they always lead, and the small cap miners are doing just that. If we gap down tomorrow morning I'll just add....this is for a trade only.

JNUG - SharpCharts Workbench - StockCharts.com

Good trading.

Well, it looks like a nice move up for the miners into the close, so I will not be adding to my current positions.

Waiting....
 
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Off topic, but get rid of your coffee maker and get a V60 Dripper. Heat filtered water in the Microwave in a glass container (I use PYREX), and brew your coffee following the instructions on the V60 Dripper box. I also have a French Press for tea....You will be happy you did if you like consistent tasting coffee every time you have a cup. However, you must first get the amounts figured out correctly for your taste, but that's very easy after a couple of tries. Get two like I have, because my wife likes hers weaker, so I have two V60's and two big cups.....very easy....

Hario VDC-02W V60 Ceramic Coffee Dripper, White : Amazon.com : Kitchen & Dining


http://www.amazon.com/s/ref=nb_sb_n...ess&sprefix=frenc,aps&rh=i:aps,k:french press

I don't like the French Press for coffee. The V60 is much faster and easier, with the same results in my opinion. I have tried them both.
http://allrecipes.com/video/722/how-to-make-french-press-coffee/detail.aspx
 
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robo said:
Off topic, but get rid of your coffee maker and get a V60 Dripper. Heat filtered water in the Microwave in a glass container (I use PYREX), and brew your coffee following the instructions on the V60 Dripper box. I also have a French Press for tea....You will be happy you did if you like consistent tasting coffee every time you have a cup. However, you must first get the amounts figured out correctly for your taste, but that's very easy after a couple of tries. Get two like I have, because my wife likes hers weaker, so I have two V60's and two big cups.....very easy....

Hario VDC-02W V60 Ceramic Coffee Dripper, White : Amazon.com : Kitchen & Dining


Amazon.com: french press

I don't like the French Press for coffee. The V60 is much faster and easier, with the same results in my opinion. I have tried them both.
Video: How to Make French Press Coffee - Allrecipes.com
Click to expand...

Hmmm.. may have to try that. Thanks for the tip! :nuts:
 
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