Let’s secure some gains.
Is the LTRO priced in? Does it suggest things are even worse in Europe than some thought? Is Bernanke hinting that additional QE may not be needed? Is it time for a rethink of the latest risk-appetite move?
Maybe. Enough so to warrant adjusting stop-losses and exiting with gains. Details follow.
If it appears this is a re-think of risk appetite, there will be some nice short-term opportunities to play in the other direction. Stay tuned.
UCO (Last Price: $45.33)
Sell all shares of ProShares UltraShort Crude Oil Fund, symbol UCO, at the market!
JJC (Last Price: $50.04)
Sell all shares of iPath Copper Total Return Fund, symbol JJC, at the market!
IAU (Last Price: $16.72)
CANCEL AND REPLACE your order to sell all shares of iShares Gold Trust, symbol IAU, at $15.87, STOP. NEW PRICE: $16.20, STOP. This order is good till cancelled.
CORN (Last Price: $41.12)
CANCEL AND REPLACE your order to sell all shares of Teucrium Corn Fund, symbol CORN, at $36.90, STOP. NEW PRICE: $40.40, STOP. This order is good till cancelled.