Trade

Closed EUO @ $20.81, -6%. Just bad timing here. I shorted it about 8 months too soon. Now I'll wait for Greece's next bond auction to go well. I expect the Germans to do a back-door bailout with their state-owned banks. They'll have to support the first auction to calm the market. But since I'm still bearish on the Euro long term, I'll wait for a technical buying opportunity. I want to see the price drop below the 50-day moving average.