S&P UltraShort ETF (SDS) - We have been short the 54 puts on this position for over a week and there is a nice profit from the short signal. The signal has issued a cover signal which simply means to cover the short and be flat.
If we can close it out at Friday's price we have an opportunity to profit about $170 of a max gain $250. While the chart shows that the SDS is bouncing nicely toward its 50 day SMA (blue line) the signal says to close the position out. I will send out a revised posting of the open positions followed by thier respective risk management levels.