Clear Trades

I sold my full position in the Financial Select Sector ETF (XLF) . I realized this ETF moves almost exactly like the UYG, which I have a much larger position in. I still think we are reaching a bottom in the Financials, so I thought I could benefit more from that rebound by moving this money to the FAS (FINANCIAL BULL 3X) ETF.

Realized a loss of -$392.02, for a return of -20.56%.

Sell, XLF

Went long 200 shares of XLF (Financial Select Sector SPDR) at 9.50.

The XLF is a Financial Sector ETF. I already hold some shares of the UYG, which is another Financial Sector ETF, but I now plan to send more money to the XLF instead.

I bought today because the price dipped (though I could have waited a bit longer for the aftermath of the Geithner debacle). I plan to replace my individual bank holdings, such as BAC, over time to lower my exposure to individual banks, though I remain bullish on the Financials and I will seek to diversify by holding ETFs instead.

Buy, XLF