09Feb3:36 pmEST

Adding and Initiating; Chess Moves

Into the bell, I added to my open BIS (ultra-short biotech ETF) long, at $42.26 from my $41.79 entry last Friday. My stop-loss is still below $40. The position is now roughly 6% of my capital. 

I also took another stab at natural gas, by going long UGAZ at $2.51 with a protective stop-loss below $2.40. Natty is acting well today, and I still think a snapback rally is likely. Of course, this is a hot tamale of a (triple) levered ETF, so honoring stop-losses is key. 

See you after the bell for my video market recap. 

By the Oil Book Stock Market Recap 02/09/15 ...

 
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