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:
Adding 1/4 position $44.50, currently 1/2 position avg cost $44.50
Add addtional 1/4 position @ $45 on Fed's Decision 'unchanged'
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