Friday, July 30, 2010

Buying SPDR Gold Trust ETF (GLD)


I am buying for my portfolio the Gold tracker SPDR Gold Trust ETF (ticker: GLD) on the New York Stock Exchange at a price of $115.20 for a total of $10,000. Stop loss: $111.00 (a bit below the 200 days moving average).

Thursday, July 29, 2010

Sugar tracker (SGG): an update


Since I bought SGG for my portfolio on June 11 at a price of $43.2 (link to post here and here), this ETF is already up 25% and is now priced at $54.07.

I am raising my stop loss from $38 to $48.

See the above chart: next target is the 200 day moving average at a price of $58.

Thursday, July 22, 2010

Stopped out of VXX @ 24.30

Thursday, July 15, 2010

Portfolio update

Buying today VXX @ $26.75

Buying today the iPath S&P500 VIX Short-Term Futures (ticker: VXX) on the New York Stock Exchange.
Buy price: $26.75
Stop: $24.30
Take profit: $30.0
Risk/Reward ratio: 1.3x
Goal: short-term speculation on a rise of the volatility index (VIX) in the next few days
Total position: $10,000.00

Wednesday, July 14, 2010

Shanghai Stock Exchange Composite index (SSEC)


The above chart represents the evolution of the Shanghai Stock Exchange Index in the last 20 years. As you can clearly see, we are in a secular bull market since 1994. The index has now rebounded on its green support and is now at 2450. I see it as an opportunity now to buy Chinese stocks for the long-term.

USD index: SELL signal triggered


On the above chart, you can see that the 20 day moving average is crossing the 50 day moving average to the downside: my system tells me that this is a sell signal on the US Dollar index. This system proved to be right in the past 2 years.

At the same time, the EUR/USD is making new highs and has reached 1.2750 after having reached a low of 1.1880 in early June. The trend is still bearishbut the inverted "head and shoulders" technical formation might signal a trend reversal in the EUR/USD. During the next few days it will be crucial to monitor what is happening to this currency pair, especially if it can cross the bearish trendline and stay above it for at least a week to know if the EUR/USD can continue its race higher.

Thursday, July 8, 2010

Portfolio update