Based upon last night's analysis and the potential here for a continued move lower in stocks, and the relative weakness in financials I have taken a small position in SKF which is a 2x short financial sector ETF.
I have the stop at 47.65. If price move above Friday's high in SKF, I will adjust the stop up to 48.68 to cut the risk in half.
I will track this trade management here on the blog for educational purposes.
Pete
Showing posts with label SKF. Show all posts
Showing posts with label SKF. Show all posts
Tuesday, April 21, 2015
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