Sep
8

UDN and FXE Breakout; TSPT – RSI 93/10 Trade

For a light portfolio, things are going very nicely. FXE and UDN are breaking out and UNG is on fire again. I added a little to my long UDN position on the breakout. I sold off my profits in UNG to bring my position back to its original position size.

Note that breakout on XME today but as I mentioned yesterday I am more into my longer term trend trades than shorter term swing trades so long as we remain in this $98-105 range on SPY.

 
TSPT is a nice RSI 93/10 trade if you can get shares to short (trading at $13.7 right now). It is very thinly traded and if I can get it I am placing a very small bet (junk long size).
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