adventurous51

adventurous51 Updated 

Bought TECS calls expiring January 2020 and UVXY Calls expiring September 30th . Don't flinch if they drop. Just wait and cash in when they pop! I'll update weekly. Use only risk capital. Target 1 for TECS is $21 and target 2 is $30 UVXY Target 1 $50 and target 2 is $75 Because they are options, reduce your position and be patient. I set no hard stop on...

adventurous51 Updated 

UVXY poped very significantly in the last week. The futures market bounced back over night. Time for a quick short for the next 1 to 2 weeks.

adventurous51 Updated 

Futures rebounded last night after China devalued their currency less than expected. We are in for a nice bounce before the real correction....

adventurous51 Updated 

1. SPY is at record highs and... I am watching for topping signs or softening to show... 2. There is enough sh!@#$%^t going in the world to foresee something triggering a bad market reaction soon! (Global economy slowing down, Several trade wars, possible hard Brexit, Deutsche Bank issues, Iran tensions... just to name a few...) 3. The FED won't cut rates by more...

adventurous51 Updated 

1. Natural gaz is very weather dependent and seasonal. In the last 20 years, natural gaz went up 14 out of 20 times between Aug and Nov. The exceptions were (2000, 2005,2008, 2010, 2011 and 2015). 2. In the last 20 years, natural gaz was above $2.25 98% (eye ball) of the time. As you can see on the chart, $2.25 is a clear floor. 3. Adjusted for inflation for 20...

adventurous51 Updated 

. When Gold was at today's level, GDXJ was around $36 not $39.50. It is overbought 2. Gold is priced with a 59% chance of a 50 bp rate cut from the Fed at the end of the month. The Fed will likely only drop rates by 25 bp and therefore, gold will likely drop. 3. Resistance for GDXJ is at $34.5. This level will be challenged before it moves back up. 4. What goes...