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S&P 500: 1,056.74 Change: -0.89%
MackTheKnife
P&P Score: 99.27 | Points: 286.94 | Accuracy: 72.57 | Average Pick Score: 2.00   Annual Return: N/A  
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Commentary
SELL: PROSHARES TR (SSO) Rating: 1
Start Price: $36.85
Points: +0.03
Created: 11/19/2009
With the Standard & Poor's 500 (SPX) apparently reaching the top of its current trading range on Monday, I believe a short position in the ProShares Ultra S&P500 (SSO) exchange-traded fund may provide a reasonable return on investment in the short term, although tomorrow as well as the days before and after the Thanksgiving holiday might be problematic for it.

1 Comment(s):

Author MackTheKnife     Date 2010-01-22 14:37:37
Even though the tutes are still selling, I am closing this position, which means I must be Crazy . . .
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