Monday, July 30, 2012

S&P500 Sell Signal

 Subscribe in a reader

ITZ was stopped out of the UPRO position today @ $79.50. Having entered 1/2 position 7/25 @ $72.50 & 1/4 position 7/26 @ $75.50, for a $6.00 +8.16gain.

Suggest taking a 1/4 position into Proshares Pro Short S&P500 ETF (SPXU) @ $44.50.

We could see the $SPX rise near term to 1400. ITZ will follow up with further position entry points.


click on chart to expand image




2 comments:

itzstockchartz said...

Adding 1/4 position $44.50, currently 1/2 position avg cost $44.50

itzstockchartz said...

Add addtional 1/4 position @ $45 on Fed's Decision 'unchanged'