THE WEEK AHEAD
Bears are driving the market
Meanwhile Oil and metals like Gold and Silver continue to run to the upside.
You can protect yourself:
Dance with the bears $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ (this is a 3x inverse QQQ. Market goes down this goes up 3x)
Own the shinny $iShares Silver Trust (SLV.US)$ $SPDR Gold ETF (GLD.US)$ (I wouldn't necessarily buy shares in these, I personally have options, just using them to show how much those metals have been moving. there are better ETFs or buy Miners)
Avoid the red with the black $VanEck Oil Services ETF (OIH.US)$ (I wouldn't necessarily own this either just another example, but oil and energy stocks should do well)
You can protect yourself:
Dance with the bears $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ (this is a 3x inverse QQQ. Market goes down this goes up 3x)
Own the shinny $iShares Silver Trust (SLV.US)$ $SPDR Gold ETF (GLD.US)$ (I wouldn't necessarily buy shares in these, I personally have options, just using them to show how much those metals have been moving. there are better ETFs or buy Miners)
Avoid the red with the black $VanEck Oil Services ETF (OIH.US)$ (I wouldn't necessarily own this either just another example, but oil and energy stocks should do well)
Some specific tickers I am in this week:
$Sibanye Stillwater (SBSW.US)$ for precious metals specifically Platinum group. It spent friday bouncing from 18.7-20.4 on earnings. It could pull back a little more but is ready for 21.6
$Energy Transfer (ET.US)$ all that oil and gas has to move and people will pay top dollar to have it moved. Dropped in the morning for the 3rd day in a row only to finally recover higher on friday after bouncing off several moving averages. Look for it to test and try to breakout from the long barrier of 11.
$Sibanye Stillwater (SBSW.US)$ for precious metals specifically Platinum group. It spent friday bouncing from 18.7-20.4 on earnings. It could pull back a little more but is ready for 21.6
$Energy Transfer (ET.US)$ all that oil and gas has to move and people will pay top dollar to have it moved. Dropped in the morning for the 3rd day in a row only to finally recover higher on friday after bouncing off several moving averages. Look for it to test and try to breakout from the long barrier of 11.
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iamiam OP : look at the P metals outrun the other metals!