Wednesday, October 21, 2009

New SPXU Trade

No time for details other than what appears very likely to be a shooting star or northern doji today.

New Blog Trade:

Buy SPXU with a market order today before the close or tomorrow at the open. Current price is 40.80. Place a GTC sell stop at 39.30 immediately after entry. As always, use the money money management guidelines if you need to figure position size out.

1 comment:

  1. Reversal looks very legit. This looks more serious than anything in months. Can't tell the future, but I'd lock up longs and at least nibble at some shorts here.

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