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SRS: Final Entry For This Series

|Includes:ProShares UltraShort Real Estate ETF (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.

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