The Pros & Cons Of Using Leveraged ETFs in Your Trading & Investing

This video attempts to both debunk as well as confirm some of the negative stigmas associated with buying & holding leveraged ETFs for more than a day trade. Real-world examples are used with two of the most notorious offenders when it comes to the price decay that can result when holding a leveraged ETF for an extended period of time, LABU & LABD (3x bullish & bearish biotech ETFs) as well as NUGT & DUST (3x gold miners ETFs). playback speed can be increased in the settings to reduce video duration

2018-03-22T21:55:32+00:00Mar 19, 2018 1:24pm|Categories: Trading Tips|Tags: , , , , , |1 Comment

GDX Trade Update

GDX came within a mere 32 cents of the first target this morning before reversing while yesterday's potential divergences in GDX & SIL were confirmed today via a bullish crossover, induced by the US dollar rally which in turn was induced by the ISM miss. My expectation is that rally will be relatively short-lived with the most likely reversal points at either the 26.60 R level or the 27.50 R level. As such, I'm going to leave the current targets & suggested stops in place for now. Today's big miss on the ISM Mfg Index level immediately reduced the [...]

2017-03-08T21:19:32+00:00Sep 1, 2016 12:13pm|Categories: Completed Trades - Short, Gold & Commodities|Tags: , , |1 Comment

GDX Trade Update, Bearish Pennant Breakdown

As a follow-up to the GDX update posted earlier today before the market opened, here's the updated chart of GDX along with the chart posted in earlier this morning. GDX did go on to breakdown below both the bearish pennant continuation pattern as well as the 26.50 minor support just below & has recent hit the first of the support levels (25.65) on that 60-minute chart. That support level was set at the reaction high near the bottom of the large June 23/24th gap and as such, the odds for at a reaction off that moderate support level are quite elevated. [...]

2016-08-30T16:18:20+00:00Aug 30, 2016 4:14pm|Categories: Completed Trades - Short, Gold & Commodities|Tags: , , |5 Comments