BOUGHT +60 FAS @8.77

Day trade position only. I noticed a few financials are testing their long term lows and holding. Like C is hanging at \$3.0. So I'm putting in a quick bounce bet on the financials on this supposedly Obama rally day. Hard stop set at \$8.70 to limit my risk.

Update: I've been stopped out before even finishing this post!

Update 2: I've re-entered 62 shares of FAS for 8.19. FAS closed at 7.63. I will stop it if FAS stays below 7.50 after 10am tomorrow.

Update3: I'm out this morning (Jan 21) at \$8.07.

[caption id="attachment_1067" align="aligncenter" width="500" caption="S&P 500 intraday"]S&P 500 intraday[/caption]

[caption id="attachment_1068" align="aligncenter" width="500" caption="3X Financials Bull"]3X Financials Bull[/caption]