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Thursday, March 15, 2012

Initiated AES Position

Electric utility that came up on my scanner.  Just felt the need to hedge with some long against my grossly large short position.  This one isn't frothy, neither a beaten down loser.  No MA's has crossed over.  It's sitting on 50 day MA, and the projected lower trend line of the up channel.  MACD resetting to 0.  Only RSI is a bit low at 45.15.


2 comments:

  1. Would a long position in something like UPRO also serve a hedge? What do you think?

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    Replies
    1. Sorry. Been traveling. Yes, for very short terms like a few days...

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