Stocks end up 1%; iPath Natural Gas ETN (GAZ) hit trailing stop March 24, 2011
Posted by Marlowe Cassetti in EWV, GAZ, XES.trackback
A good market gains today. The RSI portfolio did quite well too. I was tied up most of yesterday and I was unable to monitor my positions until after the market closed. I realized that iPath DJ-UBS Natural Gas TR Sub-Idx ETN (GAZ) had exceeded the +2.0R level, so I entered a trailing stop order. Today that trail was hit and the fund sold for a +2.8R gain. This position was bought last Friday and sold today, Thursday for a great profit!
At the present time I am monitoring ProShares UltraShort MSCI Japan (EWV) and SPDR S&P Oil & Gas Equipment & Services (XES). I have alerts set on both of these.
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There were no new RSI picks today … Catch you later.
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