Bought CRK.TO

I bought 2500 shares at 1.37 of CRK.TO today. This junior gold stock has been holding up quite well relative to most of the other gold stocks which have been getting killed. They've all got a nice bounce today so I am taking a bet on the stronger ones. Pretty low risk entry here above the 200MA with a stop below recent lows of 1.30. I am not looking for new highs or anything like that because I think there needs to be more time for base building or even lower lows for most gold stocks but I may get a nice pop back up to the resistance at 1.60 which is basically the 1.30 to 1.60 range.

Shorting The Nasdaq 100 With HQD.TO

This is a closer look of the QQQQ. It's a 60 minutes chart with a clear up channel which I am betting will break.

This is the QQQQ daily chart which is the US Dollar ETF. I look at this as the proxy when buying the 2x ETF's.

So I bought 600 shares at 7.50 of HQD.TO which is the 2x leverage inverse ETF to the Nasdaq 100.

Sold FEL.TO For 9.7% Profit

Stopped out of the last 500 shares of FEL.TO @ 4.69 for a $410 profit, a 9.7% gain.

Shorting Emerging Markets With HJD.TO

I bought 500 shares at 8.54 of HJD.TO today. This is the 2x leveraged MSCI Emerging Markets ETF. For every 1% the EEM index below goes down, this ETF goes up 2% or the reverse. It's extremely thin volume so the spread is wide sometimes but I it should do well if the Emerging Markets roll over which is what I am hoping.

This is the iShares MSCI Emerging Markets ETF traded in the US markets. Since I can't short with my TFSA account, I have to buy the inverse ETF and the only one that's available in Canada is the HJD.TO above. The trendline has not broken yet so I am jumping the gun a bit but I think the markets have peaked or very close as in a couple of days.

Sold GMR.V & SNV.V

Got out of SNV.V for a $80 loss.

Got out of my GMR.V trade for a small loss of $20 which is basically the trade fees. The market is way overbought and we're due for a correction. I am selling non-performers and have raised my trailing stop on FEL.TO. I am 57% cash and will start looking at short setups.

Sold half FEL.TO

Huge move on FEL.TO today with nice volume. I sold half at 4.67 If it gaps up tomorrow or goes up more, I will sell the rest. Patience pays off as long as the chart still looks good. The 20, 50 & 200 MAs were curling up and at no time did it close below the 50MA. Yeeha!

Sold CQE.TO for 19% Profit

I sold the rest of my CQE.TO today for a $750 or 19% profit. It's looking over extended and divergence is building in the 60 mins chart. I am looking for a pullback and may reenter at the 200 MA  to 2.20 area.

HED.TO

I took a position in HED.TO friday. This is the 2x leveraged TSX energy short. So for every 1% the TSX energy index goes down, the HED.TO goes up 2% and vice versa. I am using it as a bit of hedge against my long CQE.TO, FEL.TO & GMR.V positions. The markets have been up for 7 weeks in a row so I am looking for some sort of pullback in the short term.

CQE.TO GMR.V

I added another 3000 shares at 0.235 this morning with the test of the 20MA. It seems the test was successful. It needs to get above 0.275 then the 200MA target looks reasonable.

Sold half of my CQE.TO today at 2.30 it's been up 6 days in a row. If it gaps up tomorrow, I'll sell the rest. I think the 2.55 - 2.60 target will be hit but I think it'll pullback to the 200MA first. We'll see.

BYV.V SNV.V

Looks like a retest of the bullflag breakout. Good risk reward.

A lot of times I'd like to check a couple days later on stocks I've sold to see how they're doing and if my decisions were correct. Taking a 4.2% lost was the right decision in this case.

Sold - FSY.TO BYV.V

Got out of BYV.V with a $125 loss or 4.2%. I don't like the way its staying below the 20 & 50 MA. It's my eject day where I start selling stuff because I think the market is about to rollover big time. One of my mottos is When in Doubt, Get Out. I am gonna start looking at some short setups.

Sold the rest of my FSY.TO today. Netted $315 or 7.8%. Could it be just retesting the breakout? Sure. We shall see.

New Positions BYV.V CQE.TO

 

Small uranium stock. I like the risk reward but it needs to work in a couple of days. I like the 61.8% retracement and the 4 months time symmetry.

Junior nat gas producer. I think the sector has found a bottom, we shall see. Good risk reward but there's a Head and Shoulders pattern in the 60 mins chart. Stop is below the 50 MA. Overall, the markets are extremely overbought, there was a reversal on the SP and TSX today so I will eject some of these names fast if things roll over.

 

Current Positions - MRS.TO FEL.TO FSY.TO GMR.V

I own 500 free shares of Medoro Resources. My plan is to hold on to this for several years until Gold price peaks. I may buy back in and trade it again. You acquire free shares by selling your initial investment so even if it goes to zero, you technically can't lose any money. For example, you buy 1,000 shares of ABC at $2 ($2000 investment) and it goes to $4, so you're up 100%. You sell 500 shares at $4 and get your $2000 initial investment back and still have FREE 500 shares.

 

This is a trade I've had for couple of weeks now. It needs to move soon!

 

I have a very small position but may add to it if it moves up.

 

I great setup that I took. I sold 1/3 of my position on the pop. Hoping it will go to the 3.60 - 3.70 level. 

 

 A closer 60 minutes look at FSY.TO before the pop.