Commodities Essential - December 14, 2011

Alert: commodities seeing red. 


Let’s add BOM and AGA at the market …


 


Commodities tanked in September. And though they bounced back over the last two months, the trading environment has changed very little. In fact, it may have worsened. Perhaps now we’re seeing a resumption, a follow-up, to that move in September as traders/investors become complacent. Let’s position for such an occurrence …


 


Let’s add BOM (PowerShares Base Metals Double Short ETN)  and AGA (PowerShares Agriculture Double Short ETN) at the market. 


 


 


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Trade Essentials.


 


 


BOM (Last Price: $15.47)


 


Buy shares of PowerShares Base Metals Double Short ETN, symbol BOM, at the market. Then place an order to SELL ALL your shares of PowerShares Base Metals Double Short ETN, symbol BOM, at $14.40, STOP. This order is good till cancelled. 


 


[Please note this is a 2x-leveraged fund which means it will move roughly twice as fast as the underlying price of Deutsche Bank base metals index.] 



AGA (Last Price: $20.66)


 


Buy shares of PowerShares Agriculture Double Short ETN, symbol AGA, at the market. Then place an order to SELL ALL your shares of PowerShares Agriculture Double Short ETN, symbol AGA, at $18.74, STOP. This order is good till cancelled. 


 


[Please note this is a 2x-leveraged fund which means it will move roughly twice as fast as the underlying price of the Deutsche Bank agriculture index.]