FMM - Swing Trade Daily Newsletter Trade - XLE Candle

6/19 - Here we are at the 50+200 day. go in the direction of a meaningful gap move.

6/22 - shorted the open (48.45) as stock breached the 50/200 day. stock resting on previous resist. which is now support. stop at 50. cover on a up open tom.

6/23 - stock opened up and covered (at 46.90) as stock is resting on support. will short again on a gap below 46.

Date

Share$

Shares

Amount

G/(L)

short

06/22/09

48.45

206

10,000

320

3.3%

06/23/09

46.90

206

9,680