Subscribe in a reader "ECB will do whatever it takes to preserve the euro," - Mario Draghi LINK
Markets rallying on Draghi's comments this morning... ITZ entered the Proshares Ultra Pro S&P500
ETF (UPRO) yesterday, taking a 1/2 position @ $72.50. Lets add to that position this morning by a 1/4 position nad wait to see how things play out before adding the remaining 1/4 position.
ITZ was stopped out of the Proshares Ultra Crude Oil ETF (UCO) yesterday @ $29.00. Noting that the daily Gold:Oil Ratio was giving a sell signal, while the shorter term 8 hour chart a buy signal. ITZ had been watching that $89 level on WTI crude oil the neckline and throwback pivot area ($89/$88). Futures have oil breaking higher this morning around $89.90. Lets take a 1/4 position on UCO here around $30.45ish.
Here are the current suggested buys over the last few months on ITZ PIX:
SLW 1/2 position on 4/17 $30; 1/4 position on 5/8 $26.75; 1/4 position 5/9 @ $26.75
FCX 1/2 position 4/5 @ $38 & 1/2 on 5/14 @ $34.80
AAPL 1/4 on 4/24 @ $559; 1/4 on 5/17 @ $539; 1/4 on 7/23 @ $588; 1/4 on 7/25 @ $572
QCOM 1/4 on 4/24 @ $61.40; 1/4 on 5/17 @ $58.80; 1/4 on 5/17 @ $57
SBUX 1/2 on 5/10 @ $54.50
UPRO 1/2 on 7/25 @ $72.50
5 comments:
added to UPRO on open 1/4 posotion $75.50 & re-entered UCO 1/4 position $30.55
SET STOP on $UPRO to $76
Markets continue to rally UPRO is at $78.30...lets adjust the stop from $76 70 $77.50
Continue to use trailing stop on $UPRO raise to $79.50
Exited UCO $29.50 for a $1 loss -3.2%
Post a Comment