Monday, June 22, 2009

DTO (Double-short Oil)

Those of you that track my Twitter account knew that I sold my positions early this morning for an average price of $79.01, which equates out to a 10.8% return.

It had a gap open of $4. From a technical perspective, it has not reached the overbought area as measured by Stochastics, PPO, RSI, and CCI. See the following chart. If it closes the gap, I just might be interested in trading it again.
To enlarge the chart, double-click inside of it.

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