I, too, have sold my JNUG today, and have just taken a 1/2 position in JDST. I cannot believe that the #USD will fall much further. Me thinks currency traders were caught on the wrong side (i.e., long side) of the USD, counting on Sr. Draghi or other Euros to strengthen the US dollar. A 3 year chart of the $USD reveals that the $USD bounced right here (94.3), back in August, 2016, but there's also support at 93+. Counterintuitively, I think the $USD will actually rise the more Trump gets into trouble, with the promise that a REAL (fiscal) conservative, Mike Pence, will take over.
$USD taking a beating, most of it going to Euro, up 1%. Should help, but it's not.
$USD index is breaking down ..listen to yellen shes on now..that means to me gold is gonna pop..is at botttom of channel technically..thats why NUGT weekly calls are up so much..trade with common sense..invest with conviction..DCTH is neither
Next week events will make it or break it for Gold and JNUG. FOMC and Factory orders on Wed, then employment and crude oil on Thur, finally the tough one will be on Thursday confirm payrolls. All these factors will either drive the $USD up or down, and either Gold will shine or drop down to 1100 driving JNUG in either direction. Good luck. I am in for the ride.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.9 In other words, the correlation coefficient of the other stocks
All odd are against JNUG today, bonds are up, $USD is up and gold is down. Hang in
It's strange how a few morons on here can not deduce the fact that crypto currencies are running nearly 1:1 in correlation with the speculation in the stock markets. There is absolutely zero inverse correlation there, whereas gold-silver-u.s. treasuries-jpy-eur are all trading inverse to $SPX and $USD.
NG will fall "bigly"; it's close to a bottom here. My m.o. for trading these juiced ETFs (UGAZ/DGAZ, JNUG/JDST, UWT/DWT, TVIX, XIV) is to look at their respective underlying tickers' charts - to discern their anticipated tops/bottoms. It's best to ONLY buy at the extremes, with the macd just starting to curve up from a flat line, but the respective underlying tickers' charts must be analysed to determine when to start to scale in. E.g., for UGAZ/DGAZ, look at UNG and $natgas (which, unfortunately, shows the day's candle only at EOD; for JNUG/JDST, look at GDXJ's chart, along with $GOLD (only EOD is available), GLD, UUP and $USD (EOD is only available); look at charts of OIL and $WTIC (EOD) for UWT/DWT.
N.B. Two rules to follow: ONLY buy a the extremes, and SCALE IN (e.g., I am 66% into DGAZ - waiting to see if natgas reaches Charles Nenner's target of 3.42 intra-day . . . but I will not wait too much longer to buy my final 35%, as the cold weather is over, and summer is a long way off to start to draw down natgas.
Who ever said trading juiced ETFs is addictive is right. Once you start trading successfully these juiced tickers, it's hard to go back to the usual high-beta tickers (e.g., FCX, CLF, TECK, WLL, CHK, REN - even high-teck biotechs like NVCR, HTGM, CBIO - which I ONLY long on HUGE pullbacks, and only short at exhaustion spikes.
The trick to trading juiced ETFs is to be disciplined re WHEN to enter, and then to ONLY SCALE IN; i.e., not to make your one and final purchase, and "hope" you got it right. No brag, just fact: This m.o. (for trading juiced ETFs) has netted me over 425% last year (doing slightly worse so far this year . . . but not by much . . . IF I get this DGAZ trade right, I'm on track to match/exceed last year's performance).
One more thing: The BEST (high-beta), most RELIABLE trade over time is SHORTING TVIX . . . on a spike, especially. Look at a chart of TVIX circa August 2015. The thing spiked about 400% in less than a week, only to give it all back within 4-5 weeks, as I recall. Then TVIX continued to fall, and fall, and fall . . . until it got so low that the trustees had to do their usual inverse split, to avoid TVIX becoming a penny stock. Calculations that I did sometime last year revealed that TVIX decays circa 12.5% PER MONTH. If you had a couple of hundred thousand dollars, you could short TVIX on a spike higher, then collect 12.5% per month . . . and cash in whenever you needed the dough, or when Mr. Market seemed too toppy (like it appear to be right now).
If you DO short TVIX, look at the VIX, but also look at the vix of the vix, which is $VVIX on StockCharts. The $VVIX confirms that the spike in the VIX is real and multi-day sustainable (to figure out when TVIX is approaching its apogee). The biggest challenge with shorting TVIX on a spike . . . is your broker finding the shares to short.
Good luck with DGAZ (natgas seems to be giving up much of its gains today).
AUD $900M is about $USD 684M. Is it worth to sell at this price ?
I also received an alert for $USD from http://monstastocks.com/?s=USD , any ideas? Investing day trading. _i have prolonged my letter since i had no time to shorten it. b. pascal
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I sold the HDGE, SEF and CEF last week. Can't time a bubble. I continue to buy small amounts of BGEIX when it is under 10 and BTTRX. No timing a ubble and its demise. I have a ladder of orders widely space for IEF and have some ZROZ. I am trying to protect against a crisis in the $USD by BGEIX and long term rates falling to below zero in a depression, since all we did after the 2008 crisis is enable the bankstas to burn it down again by obfuscating all standards for which we can value most assets.
I saw an 8am price as 13,770 from a Bloomberg link. I assume that this is in local Israeli currency. Can someone acknowledge that they see the same information directly on the Tel-Aviv exchange and how does this convert into $USD?
This dog of the Dow pays a nice divvy. Seems like a safe stock in a declining industry. I bidding below the market near the 52 week low. If $USD strengthens earnings will get hit again. I'll buy $40s and try $35s. If they offered diet MezzoMix(German soda) I'd help with unit volumes
It seems with all the talk of three month highs in gold, we are about to trend down toward the 200 day moving average on the ratio. We seem stronger than during the last similar period in the ratio--2001, but we shall see how the ratio reacts to increased $USD strength and how far that may go. I have kept up the daily small buys of BGEIX, which will continue to trend small because of my age--would stop above 10. 10 marks the double i would expect by 2020 in BGEIX.
The other ratio seems to be mimicking the late 2013 period. I would buy BTTRX under 94, and we will probably test the crash low sometime over the next 6 mos., giving that opportunity--any purchases as to be small and averaged in.
Have three GTCs for SEF and one each for HDGE and CEF at lower levels. Muted at this point, no knowing when the bubble will be blown up and by whom--bankstas or Donald--or both.
Spot gold up again, 1196-1198 per Kitco early. NUGT holding slightly above 50-day MA. MACD trending up with steady divergence. $USD faltering. Trump irrational at best, insane at worst.
Good luck to all, GI
Stock split, keep an eye out for increase in shares
Nice breakdown on USD/JPY today. Looks like the $USD could be heading down.
Resistance at $USD 114 then off to the races.
"When the US Dollar gets stronger, it takes fewer dollars to buy any commodity that is priced in $USD. When the US Dollar gets weaker it takes more dollars to purchase the same commodity. The price of all US Dollar denominated commodities, like gold, will change to reflect the fact that it will take fewer or more dollars to buy that commodity. So it’s quite possible, in fact it’s almost always the case that a portion of the change in the price of gold is really just a reflection of a change in the value of the US Dollar. Sometimes that portion is insignificant. But often the opposite is true where the entire change in the gold price is simply a mathematical recalculation of an ever-changing US Dollar value. When the dollar gets strong, gold appears to go down, and vice versa. That accounts for part of the fluctuations that we see in the value of gold. The other part is an actual increase in the supply or demand for gold. If the price is higher when being measured not only in US Dollars, but also in Euros, Pounds Sterling, Japanese Yen, and every other major currency, then we know the gold demand is higher and it has actually increased in value. Consequently, if gold is higher in US Dollars while at the same time cheaper in every other currency, then we can conclude that the US Dollar has weakened, and that gold has actually lost value in all other currencies. But the price, because it is being quoted in $USD will be higher and give the illusion of gold becoming more valuable. In such a case the devaluation of gold, due to increased supply on the market, is camouflaged by a weakened US Dollar."