Short GoldThe three-month daily price chart is shown below for ProShares UltraShort Gold ( GLL).
Buy Corporate BondsI used the iShares iBoxx $ Investment Grade Corporate Bond ( LQD) exchange-traded fund for this investment. The entry point date was May 26. This position has continued to advance in a very well-defined channel. See the daily price chart below.
Short FinancialsI bought Proshares UltraShort Financials ( SKF) on May 26. At the close on Tuesday, the position has a loss of 1.38%. We can see in the daily chart below that SKF has declined close to the previous dip at the end of June. I have raised the stop loss on this position to $40.50, just below the previous intraday minimum of $40.92 on June 30. If this dip goes to a lower low, I want out. The recent doji candlesticks (June 9, 10 and 14) indicate indecision in the market, although the June 14 has a long upper tail, like a hanging man, which can be bearish.
Sell MunicipalsThis could have been implemented selling short iShares S&P National Municipal Bond Fund ( MUB). The gain on this position as of Tuesday would have been 1.02%, including dividends paid. The recent trend on MUB has been up. I would put a buy stop on this position at $101.20, just above recent highs of around $101.
Sell OilThis was entered with the purchase of ProShares UltraShort Oil & Gas ( DUG) for $17.14 on June 16. As of the market close on Tuesday, the gain is 18.49%. The current stop loss was set as a 20% trailing stop loss (intraday high of $22.44 on July 8) and is at $17.95. That is, coincidentally, exactly the intraday low for the most recent dip on July 1.
Buy Health Care StocksI am following this position with the Health Care SPDR ( XLV) exchange-traded fund. It has a gain of 3.17% since the May 26 entry.
Sell Real EstateI am following this position with ProShares UltraShort Real Estate ( SRS). This has gained 1.34% since the May 26 entry. The current stop loss is $19.10, 20% below the intraday high of $23.88 on July 10. This stop is just above the most recent intraday low of $18.95 on July 1. The daily price chart is shown below.
Buy the DollarThe dollar has been in a narrow trading range. I selected ProShares DB US Dollar Index Bullish ( UUP) for this position and it has traded between $23.55 and $24.43 since May 26. The current stop loss is $23.21, based on a 5% trailing stop. As of the market close on Tuesday, this position is down 0.46%.
Buy the Nasdaq 100 and Sell the S&P 500I have used two times leveraged ETFs for this position: Ultra QQQ ProShares ( QLD) and UltraShort S&P 500 ProShares ( SDS). Since May 26, QLD has gained 4.80% and SDS has lost 1.53%; the combined return is 1.62%.
Buy Treasuries or Sell Treasuries -- You Pick 'emThe two positions here are iShares Barclays 20+ Year Treasury Bond ( TLT) (long) or UltraShort 20+ Year Treasury ProShares ( TBT) (two times short) tracking long-term Treasury bonds. The results since May 26 have favored going long. The gain for TLT has been 0.62%, including dividends, while the loss for TBT is 7.72% after being stopped out (15% trailing stop) on June 26. I have a stop-loss on TLT of $91.97, based on a trailing stop of 5%, tightened from the former 7.5% stop. The summary of all contrarian positions as of Tuesday is shown in the table below. All positions, but one, are still open using the risk-control guidelines suggested. That doesn't often happen for my contrarian attempts over this long a period, which is seven and a half weeks to this point.