Wednesday, March 20, 2013

USO Follow Up

Earlier I mentioned the short term positive divergences in GLD and USO, this would be a short term trade, in case anyone took it, here's what the charts look like and the stops, I would NOT hold this overnight.


 There's a start to a negative intraday divergence since the move started.

Here's the trend channel and a 10-bar 10 min moving average as potential trailing stops.

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