May 29, 2009

CONSIDER BUYING SDS

To follow the last post, those unable to short sell may consider buying SDS right here after hours.

SDS (UltraShort S&P500 ProShares) is an invers etf i.e., it moves inverse to twice the SPY etf.

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CONSIDER ADDITIONAL SELL SHORT SP500

SP 500 spiked up on month end markups. This provides an opportunity for a short term sell looking for a reversal sometimes Monday. Futures are closed at this time. Consider selling short ultra sp etf SSO right here at $26.38. Stop at 26.61 and consider buying to cover on reversal on Monday.

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