Tuesday, August 5, 2014
Trade Idea: (Short Term) XLF / FAS
XLF has done what I wanted to see, a wider "W" base as well as a head fake move under Friday's intraday lows. I'll post al of the charts next, but for now I'm going to enter a speculative size August 16th XLF $22 call position. For those who prefer not trade options, but would still like a little leverage, there are the two ETFs, UYG 2x long Financials and FAS 3x long Financials.
No comments:
Post a Comment