Tuesday, April 19, 2011

4/19 pre-open

Both gold and silver are forming triangles, which by their nature, are probably going to breakout to the upside.  I sold ZSL and DZZ.
I1 peak day is today.  Yesterday I bought SOPIX fund.  SOPIX is the 1-for-1 short NDX short fund. I will get into USPIX the double short Tuesday as well as UCPIX the double short Russell 300 fund. Compared to other double-short funds and ETFs, slippage is minimal but depends on volatility.
SP futures are approaching their 30-minute M/A where I will buy 3% SDS.

No comments:

Post a Comment