Stopped out of UNG at 19.24 for a 5% gain. Markets are wonky as the new bailout plan was released. Looking to take profits on SMN and possibly XLU later today. Senate vote in about 5 minutes, or 12 EST.
Tuesday, February 10, 2009
Monday, February 9, 2009
UNG Forming Rounded Bottom?
You be the judge. Here’s an intraday chart of UNG. As posted earlier, I’m long UNG @ 18.24. So far the position’s been holding very well with the market whipsaws.
Entries on market close – Friday 2/6
Long SMN @ 34.90
Short XLU @ 29.99
Markets are not appearing to enjoy the delay in the stimulus package. I don’t care for the fact that the markets are heavily news driven right now and as a result have kept my positions very small with stops very tight. Here are my stats for the year, thusfar.
| Statistics | |
| Stocks | |
| Number of Shares | 495 |
| Win / Loss % | 87.50% |
| Profit / Loss | $ 377.86 |