Monday, November 2, 2009

SPXU Trade Exit

I am going to take this trade off right here. I won't go into detail right now on it. I will be willing to get back in quite soon if there is no rebound, but the mid day sell off to new lows was immediately bought and moved back into the recent range, and looks to me like it will rebound. Also, there is a very glaring bullish divergence on the hourly oscillators on SPY.

Sell SPXU with a market order today or ASAP. Current price of SPXU is 46.98 and will be the blog exit price, about 15% gain.

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