I'm Looking To Trade The Pimco High Yield Fund (PHK) And The Natural Gas ETF UNG
I'm looking to trade the Pimco High Yield Fund (PHK, Yahoo indicates the yield is 11.60%, do your due diligence), see http://stockcharts.com/charts/gallery.html?phk, that probably put in a monthly cycle low on Tuesday 1-22. Note the bullish very large inverse spike and the white candle, indicating a bullish close above the open.
PHK (Pimco High Yield Fund) has had good volatility recently (http://stockcharts.com/charts/gallery.html?phk), and, is reasonably liquid (enough average daily trading volume), making it a good trading vehicle right now at least. It trades like a stock, though, to my knowledge, it's not considered to be an ETF. All I care is that it trades like a stock and their income portfolio is fairly high quality, do your own due diligence. This Blog is about the "Trade the Cycles" market timing system, not about recommending anything.
I'm also looking to go long UNG, the natural gas ETF (6%ish yield (?)), as discussed previously, see http://tradethecycles.blogspot.com/2008/01/potential-trades-for-tuesday.html.
Also, if Novagold (NG) can clearly break it's short term Wave 4 downcycle of the past two weeks, I might trade it long, see http://stockcharts.com/charts/gallery.html?ng.
Based on the very bearish NEM Lead Indicator the past two sessions, at
-1.69% versus the XAU on 1-22 and at -1.11% on 1-18, I might day trade GDX, the Gold Miners ETF, short on Wednesday.
I did a post market update, but, it got lost, because, my internet connection got disconnected, I did the update without being signed in to Blogger, and it got lost. Normally, even if I'm not signed in (rare), Blogger prompts me to sign in, and I don't lose any work.
Obviously, SPX (S & P 500) didn't fill 1-22's upside gap at 1325.19 (created at the open) on 1-22, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c, which surprised me. I suspect that it'll get filled early on 1-23 (likely scenario), but, this obviously is a treacherous market now.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
PHK (Pimco High Yield Fund) has had good volatility recently (http://stockcharts.com/charts/gallery.html?phk), and, is reasonably liquid (enough average daily trading volume), making it a good trading vehicle right now at least. It trades like a stock, though, to my knowledge, it's not considered to be an ETF. All I care is that it trades like a stock and their income portfolio is fairly high quality, do your own due diligence. This Blog is about the "Trade the Cycles" market timing system, not about recommending anything.
I'm also looking to go long UNG, the natural gas ETF (6%ish yield (?)), as discussed previously, see http://tradethecycles.blogspot.com/2008/01/potential-trades-for-tuesday.html.
Also, if Novagold (NG) can clearly break it's short term Wave 4 downcycle of the past two weeks, I might trade it long, see http://stockcharts.com/charts/gallery.html?ng.
Based on the very bearish NEM Lead Indicator the past two sessions, at
-1.69% versus the XAU on 1-22 and at -1.11% on 1-18, I might day trade GDX, the Gold Miners ETF, short on Wednesday.
I did a post market update, but, it got lost, because, my internet connection got disconnected, I did the update without being signed in to Blogger, and it got lost. Normally, even if I'm not signed in (rare), Blogger prompts me to sign in, and I don't lose any work.
Obviously, SPX (S & P 500) didn't fill 1-22's upside gap at 1325.19 (created at the open) on 1-22, see http://finance.yahoo.com/q/ta?s=%5Espx&t=5d&l=off&z=l&q=c&p=&a=m26-12-9%2Cp12%2Cfs%2Cw14&c, which surprised me. I suspect that it'll get filled early on 1-23 (likely scenario), but, this obviously is a treacherous market now.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold Stocks, HUI, Silver Stocks, SPX
posted by Joe Ferrazzano at
10:33 PM
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