Tuesday, August 5, 2014

Trade Idea: (Short Term) XLF / FAS

XLF has done what I wanted to see, a wider "W" base as well as a head fake move under Friday's intraday lows. I'll post al of the charts next, but for now I'm going to enter a speculative size August 16th XLF $22 call position. For those who prefer not trade options, but would still like a little leverage, there are the two ETFs,  UYG 2x long Financials and FAS 3x long Financials.

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