Monday, July 6, 2009

ERY - Short

ERY (Direxion Daily Energy Bear 3X Shs(ETF)





Entry: 26.80
SL : 27.10

Partial Exit (3/4th of the position): 25.80

Holding remaning overnight. Expecting it to fill today's gap, hopefully tomorrow.
Expecting target of $24.80 on the remaning position.

Dow: +44.13 (0.53%)
S&P 500" +2.30 (0.26%)
Nasdaq: -9.12 (-0.51%)

Update:

Covered the remaining position at $25.60 the next day (7/7)

ERY was weak early in the premarket but just before the open, it recovered all it's losses and was looking strong. Covered the remaining at the open.

Thursday, June 25, 2009

AXP





Entry: $22.96

SL: $22.76

First Exit: $23.72
Final Exit: $24.50

Dow: +172.54 (+2.08%)
S&P: +19.32 (2.14%)
Nasdaq: +37.20 (2.08%)