As much as I wanted it to work — the trend is, inexorably, broken. I sold my triple sized position in NUGT for a 5% loss and also sold out of AU. These aren’t nice occurrences and I hate losses — but it’s necessary housekeeping.
On the other end of the spectrum, I have gains in ROKU, TIGR, SLCA and GNFT, just to name a few.
With cash on hand and an appetite for Chinese, I stepped in and bought FHL, MOMO, and JD. I didn’t buy these stocks because someone else told me they were good — or because the trends are pointing up. I bought these stocks because they are the best — the number one, two, and three stocks in all of the market. These stocks are the best because I said they are — the very best stocks in all of the world.
NOTE: Banks are breaking loose — as predicted. JPM for the win.
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JPM news: https://finance.yahoo.com/news/china-approves-jpmorgan-nomuras-brokerage-132001172.html