The TLT trade was stopped out this afternoon at 92.45 down from 93.26 at entry.
I had considered posting the exit on this one this morning and then immediately get into a new trade on EUO, but decided not to. Hindsight is 20/20.
In any case, the dollar index is putting a nice advance today after a potential failed breakdown yesterday which could be a longer term reversal. So I will take this chance to post a new trade on EUO which is the 2x dollar bull ETF.
New Trade:
Buy EUO today with a market order. Place a GTC sell stop at 17.03 immediately after entry. Current price is 17.43 which will be the blog entry. Follow typical guidelines for position sizing.
As a side note, the UUP fund is not leveraged, so that would be another option to trade this if anyone prefers.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment