Trades on VXX & FCX Give Us 9 Winners of Last 10 Trades
by Mike Paulenoff
June 17, 2016 • 7:14 PM EDT
Mike closed out equity trades this week, all profitable, giving him 9 winners of his last 10 trades, most of them taking advantage of opportunities in energy and in S&P 500 volatility.
This week's closed trades were:
VXX entered long 6/07 at 12.88... exited 6/14 at 16.63 for a gain of 29%.
FCX entered 6/15 at 10.63... exited 6/15 at 11.03 for a gain of 3.8%.
VXX entered 6/15 at 15.87... exited 6/16 at 16.70 for a gain of 5.2%.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
markets, plus key ETF component stocks in sectors like technology, mining, and banking.
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More Top Calls From Mike
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Many of you have been members of MPTrader for years, perhaps decades (I have been providing MPTrader.com analysis since February 2003!). Rarely do I take a victory lap about my stock, ETF, and market calls, largely because I have always thought my work should speak for itself, which obviates the need to bloviate and beat my chest to stroke my ego. At my core, I am a market nerd and Geek, not a slick-talking marketer (for better or worse).
