Thursday, May 26, 2011

Sold UPRO at 79.40 Today

I sold my UPRO position at 79.40 for a 2.9% gain. I am cash at the moment waiting for another opportunity to enter a trade. I believe we could still move higher because we haven't reached overbought conditions on /ES (E-mini) on the hourly chart. Once we reach the overbought condition, if we reach it, we'll check the market conditions again to see the trading opportunities. I'll post when this happens.

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