I'm closing the UCO long oil trade for now, this is why I chose a leveraged ETF, it was a quick trade that I want to be able to trade around. On a pullback with positive divergences I'll add it back as I think it has more to go, but for a couple of days, a 9+% profit is decent and I don't want to lose that.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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