Market Update, NUGT, VXX, TZA, HXD, SJB, TBT

 

"There are two kinds of people in life; the doer and the loser.  Which one are you?" - Tom Vu

Prudent persons are preparing for a lasting downturn globally in equities. 

We've recently recommended decreasing long holdings via tight stops. 

Holdings that speculate on raw materials - particularly graphite, lithium, uranium, rare earths, etc. - would be exceptions.  So too positions that are effective shorts on treasuries and junk bonds, or that effectively hedge against the U.S. dollar. 

To hedge or speculate on a market drop, we suggest VXX above $19.50 and TZA above $20.00 with full awareness of the particulars and risks of inverse levered instruments. 

If entered, responsible sell stops would then be placed $1 below whatever the low of 2017 is at the time of entry. 

We still have an open buy-stop order on HXD.


NUGT is up 107% since our December recommendation. 

We still have half our position, per the partial sale two weeks ago, and we're raising the stop to $10.40 


 

 

 

 

 



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