Believing that the S&P 500 and the SPY had reached upper resistance I went short through SPXU, which is severely oversold. Hopefully it will start an uptrend soon. Entry at $44.57, Target is $48 -$51, it is at support for a stop-loss.
I was away from the computer this morning and missed the two highs. Too risky to keep holding. +$6.00
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-21 11:39:00 | SPXU | buy | $44.570 | long |
2014-08-22 14:05:00 | SPXU | sell | $44.600 | 0 |
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