About 2 weeks ago I posted about entering a possible in HXD-TO the Horizons BetaPro S&P/TSX 60 Bear Plus ETF. Well, about a week ago I opened a position in HXD-TO. The Toronto Stock Exchange peaked at around 14,500 where the arrow is on the chart above, however this then it has had trouble reaching that level.
Archive for the ‘Stock Trading’ Category
Opened Position on HXD – Horizons BetaPro S&P/TSX 60 Bear Plus ETF
Friday, March 25th, 2011Looking At Opening Position on HXD-TO – Horizons BetaPro S&P/TSX 60 Bear Plus ETF
Tuesday, March 8th, 2011
The Toronto Stock Exchange look like it is set to hit the previous high of around 15,000 points at which time my prediction is that it will take a turn downward. This could be a correction of sorts that I could profit from. The 15,000 level also looks to be a top of a cycle and from there it could very well be down hill for a while.
Opened Position On Claymore Gold Bullion ETF (CGL.TO) @ $12.45
Wednesday, January 5th, 2011
Yesterday gold took a hit from roughly $1412 down to $1380 range…that was a drop of roughly $30 some odd dollars. I’ve been watching gold for a while, though I should have gotten long ago…I think there is still more upside for gold.
Sold My Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares – Before Split
Monday, January 3rd, 2011
Right on December 31, 2010, I sold my Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares…this was the last day to do it. Because the Horizons BetaPro NYMEX Crude Oil Bull (HOU.TO) ETF Shares invest in Cruide Oil futures and futures / options always expire.
Overdose: The Next Financial Crisis – 2008 Is Just The Beginning
Wednesday, December 29th, 2010
The initial financial collapse in 2008 was just the tip of the iceberg. Since then the U.S has been struggling to grow economically and millions upon millions of jobs has been lost. If you think things are getting better, you are probably watching mainstream media…truth is the U.S economy is struggling and run the risk of another collapse. Watch the documentary and make up your own mind.
Entered Bearish Position with Canadian ETFs for S&P500 and Nasdaq 100
Thursday, October 21st, 2010
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.
Closed 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.
Dow Jones Finished Slightly Above 10,000
Sunday, August 29th, 2010
I posted on Tuesday, August 17th that the Dow Jones will drop to 10,000 points from 10,450 points then bounce a bit, and again head lower to the next support level 9,600. As you can see from trading the actions of August 26 and 27 that it is exactly how it is playing out.
Staying Out of Stocks Until Down Leg is Done – DJIA Shows Downtrend
Tuesday, August 17th, 2010
Looking at the 6 month chart for the DJIA, it looks like the market is at the beginning of a downtrend, the 10 and 200 day moving average is well over the price adding to downward pressure, however it looks like their might be a small pop upwards as the price hits the 50-day moving average, but after that my guess is that the downward trend will continue bringing the Dow Jones down to 10,000 and if it breaks past that down to 9,600 again. Also looking at the MACD it looks like a downward indicator as well ( please read my disclaimer). I have been wrong before so do your own due deligence, this is just my read on the market.
Timothy Sykes – PennyStocking DVD 4 – Charting, Self Publishing and Learn From Mistakes
Tuesday, July 27th, 2010
This review is both about DVD 4 of Timothy Sykes PennyStocking stock trading program as well as a review of the whole course content DVD 1-4. I will fist talk about DVD 4 and then about the overall quality of information of the entire course.
Timothy Sykes PennyStocking DVD 4 Review
I’m Out of Stocks For Next Little While
Tuesday, July 20th, 2010
Looking at my stock and index chart indicators, it looks like the markets are headed south for the next leg. I got out of my position over 2 weeks ago and now it is basically a waiting game, the indicators tell me that I should be in all cash and possibly the DJIA (Dow Jones Industrial Average) is going back under 10,000 within the next month.
