Monday, March 30, 2009

03/30 XLE Double Diagonal

XLE moved down by quite a bit Today, over 1 st. deviation. Now on the down-side of the curve. Still far away from the short PUT strike, my thinking is that it will find some support to this down move on the moving averages. One way or another, it backed off from the 1.5 st. deviation on the volatility cone.

Dashboard and Profile bellow:



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