ETF CORNER

DZZ : Dizzy target !

Since I anticipate  a down move in Gold of about something like 30%, you should expect an up move in DZZ of about 60%.

I expect DZZ to reach something like $7.30 within a few months.

 

DZZ : Taking profits

Taking profits on my DZZ positions that I have purchased at $6.46, which covers much more my recent losses on the SPY shorts.(I got stopped out at $132.30)

I must confess that this rebound went way above my expectations ...

DZZ/AAPL/NZD : Threesome !

I will be holding my Kiwi short, GLD short via DZZ and AAPL short over the week end.

These are my downside targets for the intermediate term :

Have a great week end !

GLD/SPY/DZZ : Short Gold, neutral on SPY.

Thank God I entered my DZZ (double short GLD) position yesterday at 6.47.

Regarding the SPY, I called for a pullback yesterday from $129.60 down to $128 today.

The drop went way above expectations since the SPY is bound to open near $127 and quite frankly I wouldn't bet on any sustainable bounce here ! So please, for those who followed my advice yesterday on waiting for a dip down to $128 today : Stay the fuck out of the SPY for now !

I am standing aside on the SPY and sticking with my DZZ position ! I still have the Kiwi short position also on which i took already half of the profits.

Here is my outcome on GLD and I just can't wait to dump my DZZ once GLD gets to may target ! Yummy !