Monday, October 10, 2011

A Couple of Fade Trades

 I might wait for a break of the trading range, then if you are fading the gap, you have a tight stop above the trading range on the SPY.

Or a break of the 50 bar 5 min average.

Remember these are leveraged ETFs

 FAZ has shown the most improvement today, so it's a candidate-1 min


 FAZ 5 min

 SDOW looks pretty good -1 min

 SDOW 2 min

 SDOW 5 min

 SPXU 1 min

 SPXU 2 min

 SPXU 5 min

 SQQQ 1 min

 SQQQ 2 min

SQQQ 5 min

Those are pretty road coverage from large caps, industrials, tech, financial, etc.

No comments: