This post was just published on ZYX Short Sell Change Alert.
Oil futures are short from $61.05. Those who entered the trade on the second call to initiate have an average of $62.20. USO eq is $21.17 and SCO eq is $52.30. As of this writing oil is trading at $52.23, USO is at $17.48 and SCO is trading at $71.80.
Consider taking profits on another 15% tranche in the zone of $51.32 to $52.52. Consider continuing to hold the remaining.
After profit taking yesterday and today subscribers who entered the trade earlier will be holding 35% full core position size and those who entered the trade on the second call will be holding 30% of the full core position size.
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