Thursday, June 17, 2010

New Intermediate Term Trade

Buy TWM with a market order today (~20.00) with a sell stop at 19.25 after entry.

This is a 2x inverse Russell 2000 ETF. It seems to be the weakest index of the majors. Also with the short-term overbought readings, a fresh bearish cross on the hourly MACD, gap fill and early reversal now, pattern implications, I think this is a very high reward/low risk trade here.

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