Monday, March 3, 2008
Filled! Long Banks
Just updated my portfolio to reflect sale of my SKF UltraShort Financials fund and going long UYG Ultra Financials a few minutes after the open this morning. (Got caught up in answering readers' comments, and I forgot to enter the trade right on the open.) The trade was based on my BKX Bank Index setup flipping back to long a week ago Friday. That setup is based on trading off the 3-month Eurodollars futures and options positioning, as reported weekly by the U.S. Commodity Futures Trading Commission. See my Latest Signals page for the full list of setups based on this fascinating government data.