I personally like SCO here as a 2x levered short on crude, at least for a swing trade and then maybe set it up again as long as the charts are in line.
I'll be adding a little to the SCO long, we entered last week, it's at less than a 1% loss.
Tuesday, May 21, 2013
USO Short / SCO long
I really don't think we are going to get much more out of USO today, maybe a bounce intraday, but not much, I doubt it goes above $34.40 if it can even do that.
I personally like SCO here as a 2x levered short on crude, at least for a swing trade and then maybe set it up again as long as the charts are in line.
I'll be adding a little to the SCO long, we entered last week, it's at less than a 1% loss.
SCO 2 min
SCO 5 min
SCO 60 min
I personally like SCO here as a 2x levered short on crude, at least for a swing trade and then maybe set it up again as long as the charts are in line.
I'll be adding a little to the SCO long, we entered last week, it's at less than a 1% loss.
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