Friday, May 22, 2009

Long SRS @21.9

Just for the day. put/call ratio is very low despite only modest gains and financials are lagging. SRS is showing excellent relative strength.

update 1:23 pm

putting a stop at 21.93....running out of patience here

update 3:06 pm

moved up stop to 22.06....I was lucky that SRS was a champ today with respect to relative strength....it showed relative strength early on hence the reason why I selected this bear etf but I didn't expect this kind of strength....I should have been stopped out long time ago given that the market is near its highs of the day... lucky indeed am I.

update 3:12

stopped at 22.06 lol! that was fast. The market was a tough nut to crack today.

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