Can’t Win Them All
Sometimes all the technical and fundamental indicators point in a certain direction but the markets still end up heading a different way. This situation is the case with our TLT and GDX put positions. Considering the time and price that underlie each trade, it seems best to exit while we can still get something for them. When you receive this email, please sell your iShares 20+ Year Treasury Bond ETF (TLT) April $128 Puts (TLT160415P00128000) and Market Vectors Gold Miners ETF (GDX) April $18 Puts (GDX160415P00018000).
Although the market is getting a small lift this morning, short-term momentum is still negative. As a result, we will continue to hold on to our short positions.
Have a great weekend!
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
