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