Closing NUGT…

Sold the 100 shares of NUGT this morning for $165.08 for a quick gain.  The shares dropped below $161 for a shorty time this morning and I held off re-buying to see how the stock reacted in the afternoon hours.  It may be one I purchase just before the close tonight.

Monday trade…

this afternoon I purchased 100 shares of Direxion Daily Gold Miners Bull 3x shares (NUGT) for $162.87.  This is a really volatile stock and not for the faint of heart.  I’ve been trading this stock off and on since it hit $40, and it’s been on a strong upward trend for most of the year.  We’ll have to see if it continues…

Weekly Results – July 29, 2016…

The end of week number one has come and gone.  I ended the week up $905 (1.16%) in my e-Trade IRA account.   A couple of decent trades to start, nothing too fancy.

I am starting week number two mostly on the sidelines.  I still have my 500 shares of Ford (F). Unfortunately, it looks like I’ll have those for a while.  The good news is that Ford has a decent Dividend Yield of 4.74%, which I have set up to roll into new shares automatically, so not all is lost.

There are some new Bearish calls out there today, with several analysts and banks calling for a pullback on all equities.  I’ll be playing it conservative with my trades until I see something that looks oversold.

Cheers