First thing’s first, I closed out my position in NUGT yesterday. Really just wasn’t happy with it. Missed an opportunity to cash in for a small win, ended up riding it back down, giving it a little bit of room around my stop level, and then ended up cutting it loose. At first, I wanted to stop out just half of my position, but something tells me it is going lower, and rather than ride half of my shares with it, I decided to cut it all loose, take the small loss, and come back when I’m more confident, which could very well be later in the week. Trading can put you in some tough positions, but I chose to trust my gut on this one.
Yesterday after the close we also got information about Angie’s List (ANGI) and how it was bought out by MTCH which owns Tinder, Investopedia, and Vimeo. I have to give credit where credit is due…who else but Jason Bond. He basically called this back in February when he alerted it to his long term service. Here’s what he said:
Well played right there! Remember, Jason’s long-term service also includes my long-term ETF trades, and if you’d like to to sign up, for JUST TODAY he is offering it 50% off after cashing in with this HUGE win on ANGI.
To get the deal, just follow this link and
use promo code: save50percent
It’s been a great year for long-term trades, and
now is your chance to become a member at half the cost,
so be sure to follow that link, and again,
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For tonight, be on the lookout for Apple’s earnings. Always love when the juggernauts report. It traded up 2% yesterday to new highs, and based on the other tech giants performance, I can only guess they will beat earnings. I don’t have a position here, but the quest for a trillion dollar market cap is in their sites! Just think about that…a trillion dollars!
In other news, Twitter continues to stay alive! Check out the recent article on RagingBull.com below to learn more about its deal with Bloomberg and how the Jack Dorsey, the CEO of Twitter just bought 574,000 shares, sending the stock up 6% on the day!
New Articles on RagingBull to Check Out:
OK. Here’s the ETF Scorecard for today:
For the TSP Portfolio:
TZA – 2000 shares @ $16.56. I sold half of this position leaving me with 2000 shares currently. I’m watching for IWM to run out of steam again and then I plan to add more to this again.
ETFs I’m watching. I’m listing these in order of how close I am to buying them:
#1 UWT – We did really well with DWT (betting against oil prices) last week and I’m waiting on a bounce in USO now after this nearly 10% correction in oil prices in just 2 weeks. It looks like we’re close, but I’m not sold on it yet. I do, however, like a play on USO under $10. There’s a solid risk/reward there and I’ll let you know when I enter.
#2 TMF – This trades 3x the return of 20-year government bonds as a refresher. It has had a healthy pullback from the last big run, now I think it is gearing up for another $1+ move higher from here. Could be a nice 5% win if that works out. As I had said yesterday, I need to make sure the $19 level continues to hold support though. It approached it today and fell below, so I want to give it time here and make sure I don’t come in too early.
Good luck out there!