FYI Trade Alert – 1/16/09 11:23 AM

Posted on January 16, 2009 by Admin

FYI Trade Alert – 1/16/09 11:23 AM

I’m not convinced that the TBT is going to break out to a higher high. I’m going hold off on intiating any position until I see additional confirmation.

On the Radar: Thinking of a SHORT position on AZO anywhere near 135.00

TRADE ALERT: I purchased DUG (Ultrashort ETF for OIL & GAS) @ 25.35 this morning.

TARGET: $30-$32.50

This entry was posted in Daily Review. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>