Profit Taking as Market Pulls Back. In DXD and TZA
Posted on April 27th, 2009 in Stock Market |
As I posted today on Twitter I sold WYNN, ESLR and LVS and bought DXD and TZA. I took profits and put them in to some 2x short ETFs.
Below is the SPY which shows the pullback today on slightly higher volume than Friday. We should pull back into 81-82 and if the volume is around 250 million than I would buy long. For now I am short the market.
Below is DXD (2x Short the DIA) which I got in at $54.25. First target is $59-61.
