DAILY COMMENTS – THE E.T.F.REPORT date Wednesday, December 15, 2010
* “hot trade”, Market may have turned.*
****Remember Charles Martel****
Years ago, when I was on the floor of the CME/IMM, markets could go “limit down” or “limit up” because the exchanges would have limits on daily moves. We have been pondering a name for the next flash crash, which we expect can come any minute. So we’ve come up with the name, “limit down” crash, because, even though the stock exchanges do not have daily limits, they will effectively go “limit down” because there will be no buyers. That is why we do not recommend anyone buy, we only place sell stops (buy stops on the inverse indices). Think about it before it’s “limit down”.
US$ UUP (ETF/”$”) sold 2299 – buy stop 2344
UDN ( THE INVERSE DOLLAR) long 2691 -sell stop 2633
FXB (ETF/ BRITISH POUND) long 15707 – sell stop 15436
FXC (ETF/C$) long 9915 – sell stop 9729
TMV long 4485 – sell stop 3955
FXY long 11966 – sell stop 11764
YCS short 1624 – buy stop 1683
FXF (ETF/SF) long 10141 sell stop 9901. long Jan 101 C 1.50
FXE (Euro) long 13335, – sell stop 12974. long Jan.133 Calls 2.30
DRR short 4540, buy stop 4830
EUO short 2026- buy stop 2148 long Jan 20 puts .60
CYB (ETF/CHINESE YUAN) offsey +$102 buy stop 2537
FXS long 14535, sell stop 14215
TBF long 4450 – sell stop 4259, long Jan 45 C .95
TBT (ETF/BOND YIELD) long 3785 sell stop 3482. long Jan 37c 2.15
FAZ (ETF/THE FINANCIAL INDEX) short 1102 – buy stop. 1182
SKF short 1748, buy stop 1812.
QQQQ (ETF/QQQ INDEX) sell stop 5290
PSQ (ETF/THE INVERSE QQQ) buy stop 3577. long Dec 36 C @ 1.05
QID (ULTRA INVERSE QQQ) buy stop 1239. long Dec 12 C 1.03. Buy Jan. 13 C .56-.59
DIA (ETF/DOW JONES INDEX) sell stop 11129
DOG (ETF/INVERSE DIA) buy stop 4633. long Dec 46 C 1.00 , long Dec. 47 C .80
DXD (ETF/ULTRA INVERSE DIA) buy stop 2264, long dec 22 C 1.15
SPY (ETF/THE S&P) sell stop 12020
TWM buy stop 1431
SH (ETF/SPY) buy stop 4652, also long Dec 46 C 1.15
SJH buy stop 1589
SDS (ETF/ULTRA SPY) buy stop 2697, long Dec 27 C .79
RWM buy stop 3458
SQQQ (AN ULTRA INVERSE ETF) long Jan. 35 C 2.00
GLD (ETF/GLD long 13814, sell stop 13238193
JJU short 3188 – buy stop 3217
SLV long 2778 – sell stop 2738
AGQ stopped out – buy stop 14776
NIB (COCOA) long 3988 – sell stop 4047
MOO long 5067 – sell stop 4991
JJC (COPPER) long 5317 – sell stop 5110
COW (ETF/ LIVESTOCK)short 2935 – buy stop 2992. long Jan. 30 C .95
RJA (ETF/ wheat) long 1004 – sell stop 9.40
*CORN (the C.E.F.) long 3601 – sell stop 3422
*JJG (ETF/beans) long 4865 – sell stop 4651
DBA (ETF /AGRICULTURE) long 3010 – sell stop 2914
RYURX buy stop 3199
ERX long 4937 – sell stop 4752
UNG (ETF/NAT. GAS) long 6.11 – sell stop 5.84. Long Jan. 6.00 Call .50
CUT long 2066 – sell stop 1977
COTTON (BAL) long 6701 – sell stop 5916
USO (ETF/crude oil) long 3730 – sell stop 3644
*COFFEE (JO) bot 5757 – sell stop 5321
SGG (sugar) long 8434 – sell stop 7574
EWS bot 1378 – sell stop 1320. long Dec. 15 C .20 bot Jan 14 C .35
****we’ve had “flash crash”, “Mash crash”, this is the “slide crash”****
We have openings for a few – call for info
* means “hot trade”, market may have turned
Lawrence Sarsoun
Author of “America’s Monetary Mess”
321-259-4729
