Counting with Doug: Financing a trip to Lake Tahoe solely with blackjack winnings?

Cash for the weekend — (SPY)

In Trades on 16 April 2010 with no comments

I covered my 180 share short position in SPY just before the close for $119.32, making a quick one day profit of $291.60. At the time of execution RSI (2) was 19.72, so it was clearly going to close below my target sell signal of 30. This trade provided just what I hoped; a quick one day pop, given the extreme overbought readings in the general market.

Have a great weekend!

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