Ok, CEFL is now hit 80 RSI…and the ADX is overbought. Doesn’t mean trend is changing but proper trade management says lock in some of the $1.00 in gains on the 2nd lot of 1000 shares. I am selling 55 shares to raise basically $1000 in cash. I am staying long 1945 shares until price closes below the 20 day simple moving average. Been a great month trading high yield. Very profitable.
The Money Flow Trading system went long end of March. 2000 shares paid out $500 dividend April 22nd today the 2nd lot of 1000 shares is up $1000 and still long. Easy $1500 month so far on $34,000 position. That is 4.4% return on the month.
Ford (F) and Snapchat (Snap)
Raging Bull Market
I really don’t like to see price making a new high but the indicators MACD and TSI aren’t…sad but true. Fingers crossed could just be run away trend. Looks like paid day will be next Monday as 22nd falls on weekend. I qualified for $500 coupon payment on 2000 shares.
Something a foot, gold continues to climb but junior mining stocks (gdxj) are dropping but large cap miners (gdx) have gradually climbed. We have a disconnect. In addition to the apparent divergence RSI hit 74. I sold 1/10 my UGLD position to lock in some this 10% profit on this trade.
Bonds continue work as hedge I’m long TMF up about 8%, chart looks good stay the course.
Oil is up but oil stocks have divergenced. Similar to gold and the miners.
Last few weeks I’ve been long Oil and Bonds. Oil opened down today but seems to be turning around now. COP just went green. TLT and Gold seem be working well as a hedge.
The Money Flow Trading System has me long gold since last week march. Around $117.71 on GLD $10.18 on 3x leveraged UGLD.
Target? To the moon! Seriously who knows, I will scale out as price dictates.