The chart of the U.S. oil fund, ticker USO (chart above) shows a possible bottom. As my notes indicate we have made a higher low and then gapped up (on volume) with the gap now open 3days. I am using this strength, the lull is volume the past 2 days, and the fact the gap is now open 3 days to get long 1 unit of crude. I will do this via my preferred vehicle, the Proshares Ultra DJ crude, ticker UCO, here at $7.70
It is my intention to add a 2nd unit on a move above $8.25 and preferably a close there.
I am moving my stops up on SRS to $92.87 and $75.42 respectively.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
Long 1 unit Ultrashort MSCI EAFE ticker EFU @ $89.80 stop at $123.28
Long 2 units Ultrashort S&P500 ticker SDS @ $69.80 stop @ $93.42/100.22
Long 2 units Ultrashort Real Estate ticker SRS @ $53.80 stop @ $75.42/92.87
Short 1 unit Apple ticker AAPL @ $102.05 stop at $100.11
Short 1 unit Apollo Group ticker APOL @ $82.95 stop @ $82.95
Short 1 unit Microsoft ticker MSFT @ $19.20 stop @ $19.20
Long 1 unit Ultra DJ Crude ticker UCO @ $7.75 stop @ $6.78