Great Trades

Thursday, February 19, 2009

Took some oil profits, lowered stops

With the huge oil rally (DXO rising 19% from its low, which occured soon after our post this morning), our trading model took profits on half the oil long position. With the Dow intraday low of 7449 so close by, we've adjusted stops on the stock holdings to this key level.

Open Positions: 75% long S&P 500, 5% long oil, speculative traders long another 5% oil via leveraged ETF's.

posted by GreatTrades  # 3:10 PM

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.