Messing with the portfolio–bought UGL (gold) SPXU (short S&P)

Posted on Apr 30, 2010 by in Uncategorized

Examining a large group of ETFs and broken trendlines in the indices we decided to go into the weekend moderately hedged.  So we bought the short S&P SPXU and added on to our gold position with a leveraged gold ETF, UGL.

We will be posting charts later today or tomorrow.  This is a trader’s decision, not an investor’s.  In all likelihood we’ll be out of it in a few days.  And once again the system — which says, don’t mess around with the portfolio will be proven the wiser trader.

Leave a Reply

You must be logged in to post a comment.