Tuesday, January 26, 2010

Short the Aussie Dollar

Currencyshares Australian Dollar ticker FXA, weekly view above. Note the weak volume rally since the trend line break. The failure to better the old high has garnered my interest. This is my cue to get short.

I am getting short 1 unit of the Aussie dollar via the FXA here at 89.75 with a stop at $91.71


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


Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $6.05
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 1 unit Direxion Tech 3X Bear ticker TYP @ $10.68
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Short 1 unit Daimler ticker DAI @ $52.23 stop @ $54.81
Short 1 unit CurrncyShr Aus Dlr ticker FXA @ $89.65 stop @ $91.71


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