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Sunday, June 20, 2021 1:04:53 PM
The Positions: Short-Term Bullish, Long-Term Bearish
By: Tim Knight | June 20, 2021
OK, I’ve been quite busy with buys ‘n’ sells over the past 48 hours, but the dust has settled. In a nutshell, I am bullish short-term and bearish long-term. I have a ton of cash undeployed, but here are my live positions now:
• Micron (NASDAQ:MU) bearish via Sep $80 puts
Semiconductors—VanEck Vectors Semiconductor ETF (NASDAQ:SMH) bearish via Aug. $250 puts
Brazil—iShares MSCI Brazil ETF (NYSE:EWZ) bearish via Sept. $43 puts
Consumer Discretionary Select Sector SPDR® Fund (NYSE:XLY) bearish via Sept. $175 puts
• Precious Metals Miners—GDX (NYSE:GDX) bullish via June 25 $34 calls
Materials Select Sector SPDR® Fund (NYSE:XLB) bullish via July $80 calls
NO CRYPTO POSITIONS AT ALL! (Got scared, thank God)
As for that very short term (just one week to go!) call position on GDX, here’s the chart:
GDX Chart
Read Full Story »»»
DiscoverGold
By: Tim Knight | June 20, 2021
OK, I’ve been quite busy with buys ‘n’ sells over the past 48 hours, but the dust has settled. In a nutshell, I am bullish short-term and bearish long-term. I have a ton of cash undeployed, but here are my live positions now:
• Micron (NASDAQ:MU) bearish via Sep $80 puts
Semiconductors—VanEck Vectors Semiconductor ETF (NASDAQ:SMH) bearish via Aug. $250 puts
Brazil—iShares MSCI Brazil ETF (NYSE:EWZ) bearish via Sept. $43 puts
Consumer Discretionary Select Sector SPDR® Fund (NYSE:XLY) bearish via Sept. $175 puts
• Precious Metals Miners—GDX (NYSE:GDX) bullish via June 25 $34 calls
Materials Select Sector SPDR® Fund (NYSE:XLB) bullish via July $80 calls
NO CRYPTO POSITIONS AT ALL! (Got scared, thank God)
As for that very short term (just one week to go!) call position on GDX, here’s the chart:
GDX Chart
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
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