Yep, let the auto's go away, they have been RAPING the US public for a long time, and it's caught up to them.
FXP, compared to the other ultashort ETF's, it's a couple of steps behind, mainly due to the Chinese bailout. I'm out of FXP, and I'm done with it. I'm more focused on Oil now, maybe we will see $42/barrel. I think Oil will turn first, then some small caps.
I'm using some ultra's in the Roth's(DIG, DUG, DXO(not yet), ERX, ERY), and many options in the Regular account's.
In the afternoon I skimmed another $30/share in SKF, but not a huge play.
I was expecting more bounce with some auto maker news, but it was short lived, and I closed some looser moves from yesterday. I'm a crazy man though, I bought some cheap WFC, FRO, and PBT, for a rainy day.
Great job with SKF, and I'd wager some cash you'll be smiling with FXP as well. Sounds like a good stack play, SKF to a depressed FXP. DO you play any of these in a Roth?
You Raped profit, so Rock on
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