Updates: HXD, NUGT, VXX, TZA, Oil, UCO, OKS, ETP, WPZ, NS
Our HXD, the Horizons BetaPro S&P/TSX 60 Bear ETF, order remains open.
The first half of NUGT, Direxion Daily Gold Miners Index Bull 3x Shares ETF, was sold for a gain of 75% in about a month, and the 2nd half was stopped out yesterday for a gain of 65%.
Not bad, especially after enjoying gains of up to 450% last year on NUGT.
We believe gold, and NUGT, will go much higher, and we maintain long exposure to precious metals not diarized herein.
We're lowering our buy stop levels on VXX, the iPath® S&P 500 VIX ST Futures™ ETN, and TZA, the Direxion Daily Small Cap Bear 3x Shares ETF, to $19.10 and $18.60 respectively.
Oil is looking to us like it'll have another leg higher, against pervasive bearish sentiment.
Our last UCO, the ProShares Ultra Bloomberg Crude Oil ETF, stop increase was back in October. Crude Oil made it as low as $45.18 and is now at $54. Above $54 it looks good, and above $56 it looks great on a technical basis.
We'll raise our stop and keep holding UCO as long as crude oil is trading above $50.
We're up over 21% on our current UCO position, after also scoring over 100% on UCO and over 75% on OKS last year.
We bought ETP, Energy Transfer Partners LP, about 15 months ago and since then it's up 9% for us while we've also pocketed a fat dividend of over 12% along the way.
We'll place a stop on ETP at $34.90
We announced buying WPZ, Williams Partners LP, also 15 months ago. It's up 38% since then, while additionally paying us a high dividend of almost 12% during that time.
We're now setting a stop on WPZ at $38.80
In late 2015 we also bought NS, NuStar Energy LP, (also see links above). It's up 60% since then and has paid over 12% dividends on top in the meantime.
We're now placing a stop on NS at $50.90
The first half of NUGT, Direxion Daily Gold Miners Index Bull 3x Shares ETF, was sold for a gain of 75% in about a month, and the 2nd half was stopped out yesterday for a gain of 65%.
Not bad, especially after enjoying gains of up to 450% last year on NUGT.
We believe gold, and NUGT, will go much higher, and we maintain long exposure to precious metals not diarized herein.
We're lowering our buy stop levels on VXX, the iPath® S&P 500 VIX ST Futures™ ETN, and TZA, the Direxion Daily Small Cap Bear 3x Shares ETF, to $19.10 and $18.60 respectively.
Oil is looking to us like it'll have another leg higher, against pervasive bearish sentiment.
Our last UCO, the ProShares Ultra Bloomberg Crude Oil ETF, stop increase was back in October. Crude Oil made it as low as $45.18 and is now at $54. Above $54 it looks good, and above $56 it looks great on a technical basis.
We'll raise our stop and keep holding UCO as long as crude oil is trading above $50.
We're up over 21% on our current UCO position, after also scoring over 100% on UCO and over 75% on OKS last year.
We bought ETP, Energy Transfer Partners LP, about 15 months ago and since then it's up 9% for us while we've also pocketed a fat dividend of over 12% along the way.
We'll place a stop on ETP at $34.90
We announced buying WPZ, Williams Partners LP, also 15 months ago. It's up 38% since then, while additionally paying us a high dividend of almost 12% during that time.
We're now setting a stop on WPZ at $38.80
In late 2015 we also bought NS, NuStar Energy LP, (also see links above). It's up 60% since then and has paid over 12% dividends on top in the meantime.
We're now placing a stop on NS at $50.90
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posted by C. Guinness @ 4:21 PM
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