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AIQ_Systems

SPDR energy sector double bottom and upside divergence

Long
SPDR Select Sector Fund - Energy Select Sector (AMEX:XLE)  
AIQ_Systems Updated   
AMEX:XLE   SPDR Select Sector Fund - Energy Select Sector
Support and Resistance Double Top or Bottom Oscillators macddivergence Double Bottom
2
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supportandresistance doubletoporbottom oscillator macddivergence doublebottom
XLE has a good double bottom and modest upside divergence. grabbing some oct 11 57.5 calls at 41c
Comment:
faded late if we go below our 50% protection will take our monies and wait for another day
Comment:
closed out at .25c left a couple to fend for themselves, 40% loss live to fight another day
Comment:
sold the second half at .61 av so a wash break evenish on this trade
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