DAILY COMMENTS – THE E.T.F. REPORT date Thursday, December 2, 2010
* “hot trade”, Market may have turned.**
****The crash has begun!****
****Remember Charles Martel****
(NOTE, E.T.F. STANDS FOR EXCHANGE TRADED FUND)
US$ UUP (ETF/”$”) long 2268 – sell stop 2289. long Jan. 23 C .52
UDN ( THE INVERSE DOLLAR) short 2706 – buy stop 2695
FXB (ETF/ BRITISH POUND) short 15897 – buy stop 15939
FXC (ETF/C$) short 9732 – buy stop 9888
YCS long 1631 – s. stop 1643, also long Dec 16 C @0.90
TMV short 4092 – buy stop 4437
FXY (ETF/JY) short 11960 – buy stop 11920
FXF (ETF/SF) short 9990 – buy stop 10206, long Dec. 97 put 0.45
DRR long 4377 – sell stop 4500
FXE (ETF/EURO) short 13618 – buy stop 13379
EUO long 1957 – sell stop 2031, also long Dec 20 C @ 80, take profit at 1.70
CYB (ETF/CHINESE YUAN) short 2544 – buy stop 2548
FXS short 14511 – buy stop 14401
TBF short 4323 – buy stop 4489
TBT (ETF/BOND YIELD) short 3586 – buy stop 3743
FAZ (ETF/THE FINANCIAL INDEX) long 1212 – sell stop 1141
SKF long 1848 – sell stop 1753. long Dec. 18 C 1.06
QQQQ (ETF/QQQ INDEX) sell stop 5104
PSQ (ETF/THE INVERSE QQQ) buy stop 3696. long Dec 36 C @ 1.05
QID (ULTRA INVERSE QQQ) buy stop 1323. long Dec 12 C 1.03. Buy Jan. 13 C .56-.59
DIA (ETF/DOW JONES INDEX) short 11210 -buy stop 11320
DOG (ETF/INVERSE DIA) long 4684 – sell stop 4560. long Dec 46 C 1.00 , long Dec. 47 C .80
DXD (ETF/ULTRA INVERSE DIA) long 2273 – sell stop 2194, long dec 22 C 1.15
SPY (ETF/THE S&P) short 11929 buy stop 12197
TWM buy stop 1582
SH (ETF/SPY) long 4663 – sell stop 4562, also long Dec 46 C 1.15
SJH stopped out
SDS (ETF/ULTRA SPY) long 2690 – sell stop 2577, long Dec 27 C .79
RWM buy stop 3608
SQQQ (AN ULTRA INVERSE ETF) long Jan. 35 C 2.00
GLD (ETF/GOLD) short 13148 – buy stop 13745
JJU short 3188 – buy stop 3274
SLV bot 2778 – sell stop 2451
AGQ bot 13643 – sell stop 10719
NIB (COCOA) long 3988 – sell stop 3906
MOO stopped out – buy stop 5067
JJC (COPPER) short 5023 – buy stop 5306
COW (ETF/ LIVESTOCK) long 2970 – sell stop 2921. long Jan. 30 C .95
RJA (ETF/ wheat) short 9.59 – buy stop 9.87
*CORN (the C.E.F.) stopped out -buy stop 3994
*JJG (ETF/beans) stopped out – buy stop 4865
DBA (ETF /AGRICULTURE) short 2893 – buy stop 2994
RYURX stopped out – buy stop 3264
ERX stopped out – buy stop 4927
UNG (ETF/NAT. GAS) long 6.11 – sell stop 5.50. Long Jan. 6.00 Call .50
CUT short 2023 – buy stop 2053
COTTON (BAL) short 6591 – buy stop 6248
USO (ETF/crude oil) stopped out – buy stop 3730
COFFEE (JO) short 5581 – buy stop 5733
SGG (sugar) short 8154 – buy stop 8703
EWS short 1380, b. stop 1405. long Dec. 15 C .20
****we’ve had “flash crash”, “Mash crash”, this is the “slide crash”****
We have openings for a few – call for info We don’t make money til you make money, AND
WE’RE MAKING MONEY!
* means “hot trade”, market may have turned
Lawrence Sarsoun, former floor trader on Chicago’s Intl. Monetary Market, is available to trade your account. Call for free info.
Author of “America’s Monetary Mess”
321-259-4729
