Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

SRS: Increased Position Size

|Includes:ProShares UltraShort Real Estate ETF (SRS)

The ProShares UltraShort Real Estate ETF (NYSEARCA:SRS) appears to be pulling away rapidly and not attempting a test of the breakout.

This is potentially a volatile entry and as such, the stop is placed tight at the low of the day: 16.14.

Current price action indicates that this stop with not be threatened.

(click to enlarge)SRS DailyClick to enlarge

Chart by TeleChart

Disclosure: The author is long SRS.

Stocks: SRS