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
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2 comments:

  1. blogwatcherJune 8, 2009 at 4:51 PM

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

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  2. AnonymousJune 8, 2009 at 7:24 PM

    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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