This is for our aggressive portfolio. Watch how FAS fights to stay within its pattern. If FAS turns higher it is time to buy CALLS. 2 or 3 day hold MAX. If we break the channel to the downside, keep an eye out for PUTS. As I am writing this now the S&P Futures are lower. Wait and See. Be SMART AMEX:FAS
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we are WAITING and observing. No clear direction determined.
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FAS BUY ORDER IN. MAY 1 CALLS ITM. STOP LOSS @ -20%