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
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
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17 comments:
Entered full position @ $78.75, stop @ $77
Great post as always! BTW, when did you exit ERY?Thanks.
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
Raise stop from $77 to $80
STOP hit, exit @ $80 +$1.25 +1.58%
Look to re-enter around $78
Re-enter $79.50 full position
SET STOP @ $80, stop rallied to $82 off FED Decision... will raise down the road if warranted
Raise Stop from $80 to $81.50
Raise Stop from $81.50 to $82
Raise stop from $82 to $83
Raise stop to $84 from $83 on $ERX
Raise Stop to $86.50 from $84
STOP IS ON ERX position
Raise $ERX Stop from $86.50 to $87
Adjust $ERX stop to $88 from $87
Exited $88 $ERX for a +$8.50 +10.9% gain----- entering $ERY @ $20.50
Exited $88 $ERX for a +$8.50 +10.9% gain----- entering $ERY @ $20.50
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