Subscribe in a reader Markets look toppy here and continues to rise as most call for a pullback. ITZ continues to remain short WTI Crude Oil via Proshares Ultra Short Crude Oil ETF (SCO) average cost $36.50. Use the 50 moving average as a trailing stop.
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$SCO entry dates 1/4 positions; 1/4/13 $37 (sold today $41.80) remaining 2 1/4 positions bought 1/29/13 $36 & 2/8/13 $36.60, using 8ema & 21ema daily trailing stops
IZ was stopped out of position today @ $41 8ema next 21 ema $39.60 ---- follow updates on Twitter
ITZ $SCO trades as follows (entered - sold) $37-$41.80 = +13%; #36-$39.65 = +10.1% & $36.6 - $41 = +12%
Bottom line +11.7% about 5 weeks
Looking to re-enter follow on Twitter
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