RALLY-ON: HERE COME THE FOREIGN MARKETS
Disclosure: I am/we are long BRZU.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Remember BREXIT? It didn't last long, did it. I remember writing that Europe, the Euro, and foreign markets generally were now bearish. And they were. For two days.
Look at our VIX-5 System Report for today. New buy signals: Brazil, Europe, South Korea. Playing catch-up.
Gold took a hit today. Oil rallied. And the Japanese Yen had a second day of selling. The Japanese government is livid about the appreciation of the Yen; and they have been threatening to sell Yen to weaken their currency for trade advantages. The US has warned them that such selling would be construed as 'illegal' currency manipulation. I guess QE is the only legal currency manipulation. This is a normal pullback at the moment. "Normal" can change in a hurry sometimes; so keep an eye on FXY or YCS.
|VIX-5 TRADING SYSTEM|
|Symbol||Close||PROP1||Position||New Pos||New Pos||Issue|
|FAZ||35.14||-25||Short||*Financial Stocks Bearish ETF 3x|
|SMDD||22.05||-25||Short||* Midcap 400 Bearish ETF 3x|
|SOXS||24.73||-25||Short||* Semiconductor Stocks Bearish ETF 3x (NYSE:O)|
|SQQQ||16.5||-25||Short||* Nasdaq (NASDAQ:QQQ) Bearish ETF 3x|
|SRTY||20.48||-25||Short||* Russell 2000 Bearish ETF 3x|
|TECS||23.72||-25||Short||* Technology Stock Bearish ETF 3 x|
|BRZU||112.51||23||Long||Enter Long||* Brazil Stocks Bullish ETF 3x|
|DWTI||77.97||21||Long||* Crude Oil Bearish ETF 3x (NO)|
|EURL||19.05||1||Long||Enter Long||* European Stocks (FTSE) Bullish ETF 3x|
|FINU||69.2||21||Long||* Fin St Bullish ETF 3x (NO)|
|KORU||25.05||7||Long||Enter Long||* South Korean Stocks Bullish ETF 3x (NO)|
|LABU||34.36||21||Long||* Biotech Bull 3x|
|MIDU||26.9||5||Long||* Midcap Stocks Bullish ETF 3x|
|RETL||43.38||5||Long||* Retail Stocks Bullish ETF 3x|
|SOXL||31.03||9||Long||* Semiconductor Stocks Bullish ETF 3x|
|SPXL||95.01||23||Long||* S&P 500 Bullish ETF 3x|
|TECL||39.94||5||Long||* Technology Stock Buliish ETF 3 x|
|TQQQ||107.11||23||Long||Enter Long||* Nasdaq Bullish ETF 3x|
|UDOW||74.67||23||Long||* UP DOW ETF 3x|
|UMDD||63.73||23||Long||* Midcap Stocks Bullish ETF 3x|
|UPRO||71.91||23||Long||* S&P 500 Ultrapro ETF 3x|
|URTY||84.3||23||Long||Enter Long||* Russell 2000 Bullish ETF 3x|
We are still in RALLY-ON mode. The BAROMETER continues to rise. Here is our DASHBOARD. Our UDOW BAROMETER TRADE is now up 36.57% since May 18. BAROMETER is at 1.502, somewhat high -- but, remember, 6 is where it topped earlier -- so today's trades still can have time to play out on the upside.
81% of our issues are in SHORT-TERM bull moves. That is impressive. Look for ST TREND to break down as a potential selling indicator.
We are long BRZU, having exercised call options earlier to purchase shares. We like this ETF long-term. Here is a weekly chart of BRZU, to show why we like it long-term.
I also promised to show why I DON'T LIKE GILD. So I'm showing this chart as well. It has been very hard to profit on the short-side in the last few months. Everything wants to go up. So GILD may be bottoming.
We have another bullish play -- a short the short situation -- in WDRW, which is essentially long regional banks. We recommend 6-8 month options for this position. Unfortunately, WDRW does not trade options. But we are bullish on regional banks here.
Disclosure: I am/we are long BRZU.