Tuesday, April 7, 2009

Live Blog: Pivot trade SSO

SSO pivot trade.  SSO's Pivot S1, S2 are workable today and I will post these instead of SPY.  SSO at S2 again and market oversold.  We successfully traded this in the morning for a profit.  Now we will try it again.

Stop is 20.70 with avg price of 20.86.  Target is S1 of 21.28, but will likely sell half before the target.  This is day trade and will be closed before 15:45 hrs EDT.

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