Long Play Updates
Short Play Updates
Closed Long Plays
Diamonds - DIA - close: 84.87 change: - 8.80 stop: 88.90
It was another one of those "worst days in stock market history" kind of sessions. The DJIA plunged more than 7.8%. The DIAMONDS lost more than 9%. Shares of the DIA quickly hit our stop loss at $88.90 closing the play.
Picked on October 14 at $91.00 *triggered 10/14
Ultra Dow30 Proshares - DDM - close: 32.68 chg: -6.21 stop: 33.45
If the DJIA was hammered for a 7.8% loss then you can bet the DDM was crushed. Shares of this ultra-long ETF lost almost 16%. We would have been stopped out at $33.45. In hindsight a much tighter stop loss sure looks good right now but that's a tough call to make. We're in incredibly volatile markets and the DDM is twice as volatile.
Picked on October 14 at $37.15 *triggered
S&P SPDRS - SPY - close: 90.02 change: - 9.83 stop: 92.90
Wednesday was the worst percentage sell-off in the S&P 500 since the 1987 crash. The index lost almost 10%. The SPY hit our trigger to buy it on the way down at $96.00 and then hit our stop loss to exit at $92.90.
Picked on October 15 at $96.00 *triggered/stopped same day
Ultra S&P500 ProShares - SSO - close: 29.02 chg: -5.99 stop: 29.40
Our plan with the SSO was to buy this ultra-long ETF when the S&P 500 index hit 965. The SPX hit 965 around 10:06 a.m. this morning placing our entry point in the SSO at $32.67. A 10% stop loss would have been $29.40. The selling in the S&P 500 picked up speed heading into the closing bell and the SSO hit our stop loss at $29.40 in the last five minutes of trading.
Picked on October 15 at $32.67 *triggered/stopped same day
Terra Inds. - TRA - close: 19.25 change: -4.93 stop: 19.95
Ouch! The widespread market sell-off hit extraordinarily hard for the fertilizer-chemical names. TRA gave up more than 20% to close under the $20.00 level again. Our stop loss was at $19.95. The next stop looks like a rest of the lows in the 17.50-17.00 zone.
Picked on October 13 at $22.65 *triggered
Closed Short Plays