Tuesday, May 12, 2009

New SSO Trade

As discussed yesterday, the S&P pullback this morning and generated short-term oversold signals. It has also formed a nice reversal candlestick on the 30 min chart at the common 10:30 AM reversal time.

New Trade Recommendation:

Buy SSO with a market order today. The current price is 25.40 which is the blog entry price.

Exit will be next overbought short-term signal. Following a 30 min stochastics chart is a good guide as well.


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