Seeking Alpha

Xover's  Instablog

Xover
Send Message
Innvestment Professional
View Xover's Instablogs on:
  • GLD Ready To Rock

    Long GLD Trade

    Let's take a look at the chart:

    (click to enlarge)

    GLD (top) and GLD Jun 130 Puts on a daily chart (source: Tradestation Securities)

    There are three main reasons why I am buying GLD:

    1. GLD forming a double bottom
      1. GLD Jun 130 puts indicate extreme panic
        1. I have a clear stop both in the stock and in the options with an attractive risk reward scenario

    GLD Trade

    Buy Long GLD ( 132.85)

    Stop 131.45 ( today's lows)

    Target 140 +

    Reward - 7.15

    Risk - 1.4

    Reward/Risk ratio - 5.1

    Disclosure: I am long GLD.

    Tags: GLD
    May 21 12:40 PM | Link | Comment!
  • Don't Fight The Fed, Buy TLT

    Long Treasury Bond Trade

    Let's take a look at the chart:

    (click to enlarge)

    TLT (top) and TLT Jun 117 Puts on a daily chart (source: Tradestation Securities)

    There are three main reasons why I am buying US 30 year treasury bond futures:

    1. Fed interest rate policy is stable and this is reflected in the extremely steep curve
      1. Three weeks of selling have pushed prices to their support levels
        1. I have a clear stop both in the futures and in the options with an attractive risk reward scenario

    TLT Trade

    Buy Long TLT ( 117.41)

    Stop 116.42 ( today's lows)

    Target 121 + ( levels from early May)

    Reward - 3.60

    Risk - 1

    Reward/Risk ratio - 3.60

    Disclosure: I am long TLT.

    Tags: TLT
    May 21 12:37 PM | Link | Comment!
  • GLD Ready To Rock

    Long GLD Trade

    Let's take a look at the chart:

    (click to enlarge)

    GLD (top) and GLD Jun 130 Puts on a daily chart (source: Tradestation Securities)

    There are three main reasons why I am buying GLD:

    1. GLD forming a double bottom
      1. GLD Jun 130 puts indicate extreme panic
        1. I have a clear stop both in the stock and in the options with an attractive risk reward scenario

    GLD Trade

    Buy Long GLD ( 132.85)

    Stop 131.45 ( today's lows)

    Target 140 +

    Reward - 7.15

    Risk - 1.4

    Reward/Risk ratio - 5.1

    Disclosure: I am long GLD.

    May 21 12:35 PM | Link | Comment!
Full index of posts »
Latest Followers

StockTalks

  • Buy $TLT 117.50, stop 116.50, target 121+
    May 21, 2013
  • Buy $GLD 133, stop 131.50. Target 140+
    May 21, 2013
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.