Last week I got stopped out of my GLD position. Kind of glad that I had a stop, although it still gapped down and pinched me for a loss. Since then GLD shows a down signal.
Long trade:
The TLT trade on the other hand looks good. TLT is iShares Barclay’s 20 year Treasury Bond fund. It is an ETF. I remember the conversation with a friend regarding bond funds and his concern as to what would happen to bond funds when interest rates rose. The technicals have been quite strong for TLT and that is my guide. The last buy signal on TLT came on 11/2/11. There was also another short term minor buy signal on 11/30/11. That was my entry point. I think it is getting a little rich and I may bail soon. Still, there is no exit signal on TLT.
Short or Down trade:
I am also using short term put options to trade PBR which has a down signal. It is a fast swing trading system based on end-of-day, and I look to make money up or down. My last entry was as shown with an ellipse drawn around the down signal on 12/8. By buying put options, I can make money on the trade as long as PBR goes down. PBR has dropped and I notice also a breakdown of the support line drawn touching the previous bottoms. PBR is Petroleo Brasileiro. Brazil
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