Buy Vertical PUT Option spread on FAZ ATM ($55) 3 mth expiration to close at $40. I have entered this as LONG - that is obviously referring to the market going long facilitating this trade which is SHORT on the FAZ 3 x ETF..
A bit of a speculative long reversal play which has burned me more than a few times already but this position is a more ideal spot to go long than my previous long position which was doing perfectly fine until news came out. Re-entering the same position just to see how it plays out. Still like this fib powered play and went long closer to structured support...
Rox is a small time liquor company who has experienced an incredible bull run over the last two years. While small company spec plays can be financially rewarding these also carry the highest degree of risk. I will point out that this company was trading at $10 years ago and sailed all the way down into penny land so be wary of that. Now onto the chart From what...
GPRO has been in a downtrend for over 5 months now. Its backed itself up into its key support line that dates back to the early days of this young stock's IPO. $37 is the area to watch for. If it fails, we will see new lows before we see new highs in GPRO. For confirmation of a reversal I'd like to see GPRO hold over $45. If GPRO can get over the $50 hump I...
With interest rates around the globe slowly entering negative territory, gold become a rewarding asset yielding zero... Is it the end of the cyclical bear market and the start of a new bull? I am definitely opening some long with the hope of pyramiding later this year. For the time being, a nice speculative long position can be entered on a retest of the neck...