Happy Thanksgiving

As families gather for this Thanksgiving, there will certainly be lots to talk about. While these conversations may prove to be contentious at times, it is important to be thankful as well.

In that vein, Doug and I wanted to take a moment to say thanks to you, our loyal subscriber. Without you, we would not have this successful medium to share our thoughts with you and have an opportunity to help educate and motivate you by providing our insights and views. So, thanks again for giving us the opportunity to help you and we hope to continue to earn your trust and make you money.

Despite volumes being light, we did want to execute a couple of trades today as we see some trends gaining traction. When you receive this alert, cover your iShares Russell 2000 ETF (IWM) short, which last traded around $133, and sell ProShares UltraShort Yen (YCS), which last traded near $66. We want to take the opportunity to have a net gain in getting out of these two positions.

With respect to our current positions, we have seen stabilization across the board. Gold and the miners have been hit hard today but are now testing long-term support levels and continue to be deeply oversold. A bounce is long overdue and we expect it can happen at any time. iShares 20+ U.S. Treasury Bond (TLT) and iShares MSCI Emerging Markets (EEM) also have been quite resilient over the last few days. We continue to expect a strong reversal to the upside in both of those contrarian plays. Our United States Oil ETF (USO) trade again is proving very successful, as we are up a healthy 200+% in this spread, benefiting from the positive chatter from the larger OPEC members. We have seen this movie before, so depending on the price action going into the formal meeting next week, we may take steps to lock in our profits.

We continue to see some opportunities arising in sector-specific ETFs. With the Thanksgiving holiday tomorrow, volumes are light and traders seem to have checked out, so we look for confirmation in our strategies as we are very cautious of our entry points. For now, it would seem the Trump sectors have pushed pause, but we are continually monitoring them closely. Regardless of the direction, we are keying into this group of ETFs likely to be fueled by a Trump administration for the next money-making trade.

Have a safe and happy Thanksgiving!