Wednesday, April 29, 2009

This round's long trade was done

In my yesterday's post, I said,

"One thing is clear in my mind, this round's trade on the long side would have a higher exit point than where we closed right now (SPX 855, IYR 31.74, XLF 10.43), according to what Pivot Trend System gives me."

Now SPX 873 or +16pts, IYR 33.00 or +3.97%, XLF 10.88 or +4.31%, compared with what I called in the post. This gave us a nice ending on this round's long trades. I traded 3x leverage financial ETF FAS to maximize the profits, gaining about +9%.

Let's move on the next trade now.

(To Be Continued...)

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