Thursday, August 2, 2012

Market Decline Continues

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ITZ has a 3/4 position via Proshares Ultra Proshort S&P500 (SPXU) having entered at $44.50 twice & $45 once. Looking to possibly add remaining 1/4 position on the BLS Jobs Report tomorrow.
Yesterday the FOMC left rates unchanged and basically said nothing. LINK
Today Draghi gave a plan on what the ECB may expectation was for action.

click on charts to expand images


itzstockchartz said...

~ SET STOP @ $45 ~

itzstockchartz said...

~ LETS RAISE THAT STOP -- from $45 to $46 ~

itzstockchartz said...

Market rallying on BLS Jobs number this morning, $SPX 1388 currently, SPXU blew past stop $46. ITZ exited @$44.30 with a small loss 36 cents.