Thursday, December 12, 2013

New Energy Position

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The Energy Sector SPDR has pulled back, ITZ suggests taking a long position via Direxion Bull Energy ETF (ERX) under $79. Take full position set stop @ $77  PT $90


17 comments:

itzstockchartz said...

Entered full position @ $78.75, stop @ $77

czbuycom1 said...

Great post as always! BTW, when did you exit ERY?Thanks.

itzstockchartz said...

ITZ trades- exited from $ERY 11/22continued to track & comment on Twitter>
Here's link to blog post on trade
http://itzstockchartz.blogspot.com/2013/10/short-xle.html


However, on personal account (*disclosure) exited @ $23 on 12/10/13

itzstockchartz said...

Raise stop from $77 to $80

itzstockchartz said...

STOP hit, exit @ $80 +$1.25 +1.58%
Look to re-enter around $78

itzstockchartz said...

Re-enter $79.50 full position

itzstockchartz said...

SET STOP @ $80, stop rallied to $82 off FED Decision... will raise down the road if warranted

itzstockchartz said...

Raise Stop from $80 to $81.50

itzstockchartz said...

Raise Stop from $81.50 to $82

itzstockchartz said...

Raise stop from $82 to $83

itzstockchartz said...

Raise stop to $84 from $83 on $ERX

itzstockchartz said...

Raise Stop to $86.50 from $84

itzstockchartz said...

STOP IS ON ERX position

itzstockchartz said...

Raise $ERX Stop from $86.50 to $87

itzstockchartz said...

Adjust $ERX stop to $88 from $87

itzstockchartz said...

Exited $88 $ERX for a +$8.50 +10.9% gain----- entering $ERY @ $20.50

itzstockchartz said...

Exited $88 $ERX for a +$8.50 +10.9% gain----- entering $ERY @ $20.50