Monday, June 8, 2009

SDS Trade Exit

The short-term model just touched into oversold territory giving an exit signal for the current SDS trade.


Trade Recommendation:

Sell SDS today with a market order. Current price is 54.70 which will be the blog exit price.

I will update later on the BGZ trade if necessary.


Pete

2 comments:

  1. Thanks for the note, good timing before the late afternoon S&P rally to breakeven.

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  2. That rally may have got some folks panties all in a bunch (including mine slightly) if they were short, but it also sets up a short-term head and shoulders top. Tomorrow should be interesting.

    Pete

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