Thursday, August 12, 2010

SPXU Trade Exit

I am posting an exit on the open SPXU trade. The blog exit is 32.55 up from 29.70 at entry.

There was no downside follow through after this morning's gap down, and things are oversold short-term. I may post another trade based on the daily technicals, but it looks now, like this morning was a short-term exhaustion point.

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