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Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • SRS: Final Entry For This Series 0 comments
    Jun 13, 2014 10:01 AM | about stocks: SRS

    A successive (and aggressive) series of entries have been executed on the ProShares UltraShort Real Estate ETF (NYSEARCA:SRS) in the past three days.

    The entry made today (at 16.42) has a tight stop of the day's low at 16.16.

    (click to enlarge)SRS Daily Chart

    Chart by TeleChart

    Price action on the iShares U.S. Real Estate ETF (NYSEARCA:IYR) is falling away rapidly with little retracement evident.

    The stops are tight as the positions are being entered in the direction of trend (a higher risk tactic).

    Disclosure: The author is long SRS.

    Stocks: SRS
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