Wednesday, May 27, 2009

Trade plan and system analysis

As you know, my Pivot Trend System is tracking XLF, IYR and SPY to give signals for swing trading, either long or short. There is one thing the system keeps telling me, which I sort of ignored when trading SRS/URE. But I think it is time to recall it. That is,

Finance (XLF) owns my system a big up day as long as it stays above $11.39.

So, my new plan is: unloading SRS and loading FAS at today's close.

Note: if mkt bounces at close, this plan will be canceled automatically.

Let's trade!

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