Hey Report readers,
Monday’s Oxen Gamble of the Day was a definite winner, and I thought I would try my hand at it again today. It is exciting for me too. Monday’s pick of Commercial Metals Company worked out very well for us. The way I have tracked these is that I buy them ten minutes before close, and I sell them within the first fifteen to thirty minutes of the market opening. With that said, I bought CMC at 17.25 to start our overnight short sale. The next morning, we were already doing well, and I sold on the stock’s decline thirty minutes into the session at 15.90. It was a great quick gain that was worth 7.80%. I would say that is pretty successful. We also entered Ultra Proshares Oil and Gas for a long play on Monday. I bought ten minutes before close for our entry. This is a long play that we are looking for 5-6% for before selling. We bought in at 33.67. The ETF is now trading at 35.00. We are looking for an exit of 35.33 – 35.67. We still need some more gains, but in just two days we are up 4%. I like!
Now, let us get into the new Overnight Trade of the Day, formerly known as the Oxen Gamble of the Day…
Overnight Trade:
IN PROGRESS
