Phantasmix

Trades for Monday, August 25

Phantasmix August 25th, 2008

For some reason I’m optimistic about the market tomorrow. I expect an up day, which means my current positions will suffer. I don’t have much time to trade this week, hopefully I can squeeze in a trade or two.

I’m going to be paying attention to (UYG: 5.47 +10.28%) and (XLF: 12.00 +5.17%). I want to trade them on the long side, as counter-parties to my current (SKF: 135.00 -10.21%) position. That’s breaking my “No Proshares ETFs” rule, but since I don’t want to give up on SKF yet, I feel this is my only choice to balance out this stupid trade.

So - daytrade UYG or XLF. Then, one day soon, I’ll be out of SKF and will never touch a Proshares ETF, ever again.