Market Blog » The Arora Report Stock Market News

TIME TO TAKE PROFITS ON CURRENCYSHARES SWISS FRANC TRUST (FXF)

September 6, 2011

CurrencyShares Swiss Franc Trust (FXF) is falling as Swiss National Bank pegs franc to euro. Our highest short tranche on CurrencyShares Swiss Franc Trust is from $139.50. In this volatile environment conservative investors may want to lock in gains at $115.69. Aggressive investors may continue to hold for further gains. We are taking profits on CurrencyShares Swiss Franc Trust right here at $115.69 but will continue to follow this position for aggressive investors who may want to hold for further gains.

LIGHTENING UP ON GOLD (GLD) AND SILVER (SLV)

September 2, 2011

In view of the three day weekend, we are concerned about short covering this afternoon and on Monday in Europe and Asia. Our plan is to lighten up a little bit. We will exit the tranche on GLD from this morning entered at $182.10 right here at $182.45. We will also exit the tranche on silver futures (SI) from this morning right here at $42.92, equalent in silver ETF (SLV) is $41.80. We will maintain the rest of the short position.

INITIATING A LONG ON JDS UNIPHASE (JDSU) AS A SYMPATHY PLAY WITH FINISAR (FNSR)

September 2, 2011

Fininsar (FNSR) reported better than expected earnings and gave better than expected projections. We are initiating a long position in JDS Uniphase (JDSU) as a sympathy play to Finisar. Our entry in JDS Uniphase is at $12.82. The plan is to add more to JDS Uniphase if it goes down. Detailed guidance is being provided on the Real Time Feed of the ZYX Buy Change Alert.

ADDED TO SILVER (SI) (SLV)

September 2, 2011

Added to silver futures at $42.94. Silver ETF symbol is SLV.

ADDED TO GLD

September 2, 2011

We added a 5% tranche to GLD at $182.10.

ADDED TO GLD

September 2, 2011

Added a 5% tranche to GLD at $181.14.

MORE ON CIENA (CIEN)

September 1, 2011

Ciena (CIEN) also trades in sympathy with Finisar (FNSR). Finisar reports earnings after the close. Look for projections from Finisar. If the earnings are good and the projections are above projections, expect Ciena short squeeze to continue.

CIENA (CIENA) MOVING ON SHORT COVERING — JDS UNIPHASE (JDSU) A SYMPATHY PLAY

September 1, 2011

Ciena (CIEN) is rising on short covering. CIena is now trading up to $14.60 Ciena beat earnings by $0.17, but guided Q4 revs below consensus . Ciena explained, “Our third quarter results, which included a favorable product mix and reduced operating expense to achieve an as-adjusted operating profit, demonstrate our early progress in delivering additional operating leverage from the business.” JDS Uniphase (JDSU) is a sympathy play. Those holding Ciena may consider selling into the strength. ZYX BUY CHANGE ALERT closely follows optical component stocks such as Ciena and JDS Uniphase, and will issue an actionable signals if