The Oxen Report: Market Looking to Extend Rally, Where to Turn?

Monday was half good, half bad for us. Let’s start with the good. We recommended a great short sale on Ultrashort Proshares Housing and Real Estate ETF (SRS). We set our buy in range, in the Oxen Report Morning Levels alert, at 10.25 - 10.35 since the stock had risen in the morning, and I thought we could get the ETF at a solid premium. With that range, we were able to short sale at 10.34. We were looking for an exit at 10.03 - 10.13, and we got at 10.03 for a solid 3% gain. Our buy pick of the day was Arena Pharmaceuticals. We set our entry range in the Morning Levels Alerts at 3.39 - 3.44 and entered at 3.43. The stock decayed throughout the morning and traded completely flat most of the day. We got stopped out at 3.37, which was the price I adjusted our stop loss to in my Oxen Report Midday Message. We got 1/2, but let’s get 2/2 today.

Into the picks…

Buy Pick of the Day:

Short Sale of the Day:


 

IN PROGRESS