Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, February 26, 2009


Took oil profits, lowering stops on leveraged shorts

With oil up even more, our trading model has sold out of the oil long. The leveraged ETF that we use, DXO, had moved up over 40% in a short period, and we had also sold half and reloaded lower to get extra returns. We'll look to re-enter on a pullback.

To lock in profits, our trading model is also lowering stops on the leveraged 20% S&P 500 short (held by speculative traders) to 760.

Open Positions: 70% short S&P 500, 25% short financials, speculative traders short another 30% financials and 20% S&P 500, short gold to hedge.

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