Tuesday, September 14, 2010

Couple of Canadian Banks

A story today from back home, Majority of Canadians Living Paycheck to Paycheck, spurred me to have a look at some old friends given their heavy reliance on those paycheck to paycheck livers. Fist up is the Bank of Nova Scotia, ticker BNS. Below is a 10 year weekly view of the stock.

Now a close up of the prior chart via the 2 year weekly

Next up is the Royal Bank, ticker RY. A 10 year weekly look is found below.

Now the same chart on a 2 year weekly basis.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $60.30
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $22.52
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 92.15 stop @ $92.15
Long 1 unit ishares Barclays 20yr Treas ticker TLT @ 93.48 stop @ $93.48

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