Thursday, April 16, 2009

MSCI Emerging Markets - EEM

I have posted a weekly chart of the MSCI Emerging Markets, ticker EEM, for your viewing pleasure (chart above). The time has come to test the waters short once again which I shall do by punting 2 units long the Ultrashort MSCI Emerging Markets ticker EEV this morning here at $31.35 with a stop below the recent lows.

Housekeeping notes;

I was stopped out of my AZO position at $ 163.10 for a loss of just over 4 1/4 pts on 1 unit.

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:

Long 2 units Ultrashort MSCI Emerg Mkts ticker EEV @ $31.45 stop @ $30.44

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