TZA, TMF buy stop were not triggered and no longer valid.
SCO order was filled and so UCO was out. The system now believes that oil is trending down. Sorry for the mistake made earlier on this post, I forgot the system was trying to short the oil. Well, this at least proves again, this project is for PAPER TRADE only.
Sorry forgot to mention TNA buy stop in 12/08/2011 Portfolio Update. Not too bad though because TNA should pullback a little bit the next Monday, as Friday is a Major Accumulation Day, so usually the gap the next day (the next Monday) would get filled no matter up or down.
December 10, 2011 at 6:44 pm
Cobra
Saturday Updare
http://markethighsandlows.wordpress.com/
December 11, 2011 at 11:29 am
Hi Cobra, the SCO buy stop was at 40.26. Unfortunately it traded to 40.30 on Friday morning so it must have triggered. Thanks.
December 11, 2011 at 12:24 pm
Yes, you’re right, my fault. I’ll fixed it now.
December 11, 2011 at 12:39 pm
OK, fixed. Because of SCO confirmed, so no long oil the next Monday. Thanks again for reminding me.
December 11, 2011 at 5:16 pm
Thanks Cobra.
December 12, 2011 at 11:07 am
“The system now believes that oil is trending down.”
Nice call. The 5-day turned lower today and the Euro is near support for the 3rd time in 3 months. Unless the correlation with stocks have decoupled, this is bad news for stocks.