Wednesday, March 30, 2011

And I'm done for the day

Euro continued to weaken this morning, so I loaded up on ERY and DZZ. The euro bottomed out and jumped higher, so I sold my hedges for a quick and decent gain because my initial idea (euro weakness - see earlier post) was no longer tenable.

euro

DZZ (short gold)

ERY (short energy)

Notice as the euro bounced at 10:40, both ETFs dove (indicates a bounce in gold and energy).

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