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Thursday, June 3, 2010

ProShares Short S&P 500 ETF (SH) -- Closed

With today's Overall Market Meter reversal from Bearish back to Slightly Bullish (as described more fully in the prior blog post), the position in the inverse ProShares Short S&P 500 ETF was liquidated. The transactions history was:
06/01/2010 Bought 2,400 shares of ProShares Short S&P 500 ETF @ $52.76.
06/03/2010 Sold 2,400 shares @ $51.88
The net loss from this position was $2,120.95 = ($51.88-$52.76)*2,400-$8.95 commissions

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