How To Profit From This

It’s rally time thanks to a coordinated global effort to inject liquidity directly into banks, and no matter whether you think it has legs or is just the latest upside fake-out, it makes for a profitable trade.

I suggest as a trading vehicle, as I have for some time, the leveraged index ETFs. If you buy one this morning, such as Proshares Ultra Financial (UYG), set a stop once it rises to protect against another plunge.

That’s the whole formula, as it has been for the last five weeks.

This entry was posted in Uncategorized. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • The Kelly Letter logo

    Included with Your Subscription:



    $200/year
Bestselling Financial Author