Thursday, June 2, 2011

New Trade - SSO

The market averages are bouncing today after finally completely filling the large gap up from April that I had mentioned previously. I still think the odds favor an advance off these levels.

I am going to post a new trade here on SSO. That is a 2x bullish S&P etf.

Buy SSO today with a market order. Current price is 52.29 which is the blog entry. Exit with RSI (3) overbought.

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