Friday, June 10, 2011

Yesterdays USO short Call

At 1:43 yesterday I put out a short term trade, short USO. From the entry area, it dipped ad then gained about 2/10ths of a percent. This trade was based on a long nearly 3-day 1 min divergence. This morning it certainly is paying off, especially if you used a leveraged vehicle as suggested.


Where the post came out.

Here's the current situation
The downtrend is confirmed, but we have a 2.67% gain on the short in USO alone, if you used a leveraged vehicle like SCO you should have about a 5% gain.

You might consider taking some profits off the table if you were taking the short term trade.

No comments: