Positions currently held at DS Financial are SDS, DTO, and VXX. Refer to our DS Trading Ledger, a new page where you can track the results of calls we’ve made, to see the entry points on these three positions. As of Monday’s close our positions are as follows:
There are several positions we had been waiting for and on Friday the limits were hit and trades were placed. We are exceedingly confident about these three trades, and we feel that it’s worth our readers’ time to take a peak at where we’re putting our cash. This “trade flash” will target those three trades.
The 10 Year Treasury Note is the benchmark debt product of the Treasury and as the benchmark it's meant to represent the strength of the U.S. Treasury's balance sheet. If this holds true, the current fiscal strength of the U.S. Treasury is hampered at best. Debt markets are generally much less exciting than equity markets,
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On October 23, 2009 we endorsed a position in the Peruvian gold mining firm Beunaventura Mines (BVN) in the article titled Profiting From Volatile Crude Oil Prices and Safe Guarding Your Dollars. Since October 23, BVN has moved from $36.97 to the Friday December 4, 2009 closing price of $39.84, capturing a 7.8% gain. Continuous spot
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The Direxion 10-Year Treasury Note 3X Bear ETN (TYO) is a leveraged ETN which is designed to move in tandem with the yield on the 10-Yr Treasury Note, opposite the price, and with three times leverage on a daily basis. Like many leveraged and inverse ETNs this one carries risks, especially when holding the product
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While Financials may have lead us into the current rally and continue to gain steam from FASB Rec. 157 revisions, U.S. Banks are dependant on economic growth for profits. Equities are overbought. Financials may not lead pullback but pessimism towards equities will taint banking sector. Less transparency and rule changes do not warrant further moves
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Close out financial short positions Wednesday ahead of the U.S. House Financial Services committee hearing tomorrow. It is impossible to tell what will be announced concerning "mark-to-market" accounting rules tomorrow. The level of uncertainty is too high to risk holding financial positions of any kind. Diamond Slice Disclosure: **Close SKF**
Citing the General Motors (GM) announced sales more than 30% below their estimates and the continued drop in plans to buy cars in the Consumer Confidence report on Tuesday, it is safe to assume the auto sales numbers will come in below consensus Wednesday and send auto retailers down. Car Max (KMX) is trading more
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*** Bank of America has gained 88% from the $3.00 buy point I recommended on Friday March 6, 2009. The stock is trading up 14% on the day at $5.64. I believe it has room to move upward, but it will most likely pull back some from here. Cash in on your handsome gains if
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