10Feb11:03 amEST
Trimming Some Fast Gains; Chess Moves
I sold half of my UGAZ long just now, at $2.75 from my $2.51 entry yesterday noted in this blog post. Natural gas staged a solid move higher overnight and into this morning, even as crude comes in a bit. So, I am going to lock in some immediate gains.
I moved my protective stop-loss up to my entry price to protect the win.
Elsewhere, small cap stocks are lagging while the semiconductors lead.
If USO loses $19, I may try a short crude day-trade.