Tuesday, March 6, 2012

How To Play The Correction

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ITZ suggested entering a full position in the Proshares Ultra Pro Short S&P500 ETF (SPXU) last week at $9.95 link. In pre-market trading the fund is trading at $10.34, ITZ suggests raising the current stop from $9.95 to $10.00.

The other short play is shorting WTI Crude Oil via Proshares Ultra Short Crude Oil (SCO). ITZ suggested entering a half-position last Friday 3/2/12 @ $32.25. In pre-hours trading it is trading at $33.80. ITZ had suggested raising the stop from $31 to $32.25. Lets now raise that stop to $33.25.

1 comment:

itzstockchartz said...

ITZ is again raising the STOP levels on SPXU from $10 to $10.25 & on SCO from $33.25 to $33.50