Who thought of making a trade from the disaster in Japan. Well I bought EWV on Friday and this morning it was up big. I could hold on for a few days and see what happens but I sold and took the profit, 12%.
If you have long term position and don't want to sell them here is an idea. Watch SDS ETF like you would an other stock or ETF for an entry point. You could use the EMA(40) as a buy and sell point. I used my timing system the morning of Friday and ended up with a loss at end of day. Today it is in the green so it did work out. That is the way of a timing system, it may not be profitable at first.
Intraday today Vector vest has a new C/DN signal. Well I am already on a sell signal. Maybe I should sell advertising of Vector Vest on this blog.
Looking at possible level were the $SPX will find support, I see 1270 - 1280.
Ben
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