SPXU Trade on Sep 24, 2013 14:06 from VasoBOWS: Tradervue User Stock Trades.

$145.53 - $SPXU is an interesting stock that I've been watching Oscar play in the chat room. I realized that this ETF conversely correlates with the $SPY, so when SPY started falling, I got in a small position of SPXU...it ended up being a good trade as the SPY kept falling. Not a typical setup that we've learned but something good for me to keep in mind if the markets turn and I still want to make some profit.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-24 14:06:14	SPXU	buy	$19.905	long
2013-09-24 14:06:20	SPXU	buy	$19.910	long
2013-09-24 14:06:20	SPXU	buy	$19.910	long
2013-09-24 14:06:56	SPXU	buy	$19.910	long
2013-09-24 15:54:23	SPXU	sell	$20.200	long
2013-09-24 15:54:23	SPXU	sell	$20.200	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=601897&end=20131024&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=601897&end=20130924160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SPXU&trade=601897&end=20130924160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-09-24 18:48:09

Great job!

VasoBOWS

2013-09-24 18:59:17

Thanks!

AnthonyC_BoWS

2013-09-24 20:27:31

Perfect entry and exit. Nice work!

Thanks for the info, too. This will be one I keep on my watchlist. Next time the SPY is falling I'll know where to run.

SPXU Trade on Sep 24, 2013 14:06 from VasoBOWS: Tradervue User Stock Trades.

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