Friday, March 5, 2010

Shorted Oil

Bought a little DUG at 12.28. Risky? I know. That's why I started with a small position. Will add if it works. Why I bought it? The markets are overbought here, so I like the odds of a pullback in general. But more importantly, I don't like the negative MACD divergence in USO and think it could pullback here.

Good Luck!

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