Well, looking at the charts today, it would seem that the S&P500 is showing some signs of a little weakness. After a huge run up for the DJIA, Nasdaq and S&P500, I believe things are going to stop going up and a reversal is in order. Don’t know exactly when it will hit maybe a week or two or maybe even a month, but I think we are getting a little long in tooth here.
Archive for the ‘ETF’ Category
Entered Bearish Position with Canadian ETFs for S&P500 and Nasdaq 100
Thursday, October 21st, 2010Closed Position on SLV (Silver ETF) Options – Made Small Profit
Sunday, September 26th, 2010
In previous post on MoneyAccumulator.com I wrote about the CALL options I bought on SLV (Silver ETF) for expiry of January 2010 with a strike price of $19. Well, I recently sold the options contract when the SLV ETF reached the price of $20.60.
Silver On The Move Above $20 – iShares Silver Trust (SLV) ETF
Thursday, September 16th, 2010
About 3 months ago, I bought contracts in iShares Silver Trust (SLV) ETF kind of as an experiment or litmus test to see my hunches are correct.
If the stock market and economy falters in the next 3 months by January 2010 SLV contracts with a strike price of $19 will make some money as long as the contract price exceeds my break even of $2.10. Currently the contract price is at $2.23 (Sept.16, 2010).
Bought Options on iShares – SLV (Silver ETF) – Jan 2011 @ $19
Friday, June 25th, 2010
I recently bought some contracts in iShares Silver ETF (SLV) for Jan 2011 @ $19. Why am I now looking into silver, my reasoning behind it is that the stock market at this point may have topped and for the rest of the summer most likely will go down ( as mentioned in last article). In light of this, GOLD and SILVER have an inverse relationship to the stock market, so my speculation is that within the next six months when the stock market goes down the price of silver will be rising. The iShares Silver ETF is currently trading at $18.43, and I am speculating that it will be above $19 by years end.
