1 update and 1 new watch today.

update – got stopped out of our short position in the spy. Closed at 84.9 for a loss of $504.4.

The rest of the portfolio is working quite nicely:
Hott: (-$33)
SNDA: +942.50
LMDIA: + 435.50
FL: +1136.52
GIS: (-370.65)

New watch today on Proshares Ultra Semiconductor, symbol USD:

Lots’ of great things going on with this chart:
1 – Nice divergence in MACD, and RSI starting right after the January pullback
2 – OBV is increasing
3 – Green Monthly trade triangle on April 2nd
4 – +90 Score
5 – Rising 12 week moving average
6- 12 week SMA is just about to cross the 26 week MA

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Entry – $18.32 above the current 26 week MA
Stop – will be 3% below the 26 week MA.
Target – 38.2% fibonacci retracement at 31.31

click to enlarge

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