SPXU Trade on Feb 26, 2016 15:59 from jmos_BOWS: Tradervue User Stock Trades.

PLAY: Swing

This trade was based off SPY. Was extended and gapped up and didn't hold onto gains so thought it might be a false break out of the 50sma so took long in an inverse ETF since i can't short. Very very small position to test it out. Second swing i ever take.
It gapped down the following day and wanted to see follow through pre-market but SPY was making higher lows and remounted the 50sma so got out of position as I wanted to see sellers step in at the 50sma.

Reasons to sell:market showed strength, trending up, dip getting bought and remount of key resistance

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-02-26 15:59:04	SPXU	buy	$34.750	long
2016-02-29 08:32:03	SPXU	sell	$34.900	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=4269998&end=20160328&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=4269998&end=20160229112203&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=4269998&end=20160229092103&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SPXU Trade on Feb 26, 2016 15:59 from jmos_BOWS: Tradervue User Stock Trades.

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