Wednesday, March 11, 2009

USD

One of my favorite bottom plays going into yesterday's bounce was USD (semiconductor ETF). While I am still holding a partial positions, it's now moved right into resistance. I may add to it on a pullback.

1 comment:

SpecVestor said...

Nice series of trades lately. Congratulations. Where did you take partial profits on your USD position? Do you target the 50MA or do you scale out? If you scale, could you share your thoughts on scaling out in such a position? I purchased QLD's Monday and scaled entirely out today due to declining volume during todays trading. Thanks for sharing your thoughts.