Trade Alert: New Sell Signal on Oil …

Oil just gave a pretty big sell signal and is now headed toward $42.50 and probably lower.

I recommend that you buy shares of an inverse oil ETF today to take advantage of oil’s next move lower. I am recommending all members buy shares of ProShares UltraShort Bloomberg Crude Oil (SCO). This is a double-levered inverse ETF, so as oil prices continue to fall, shares of SCO should go higher twice as quickly.

Here’s what to do:

For All Members …Using 2% of the funds you have allocated to this service, buy ProShares UltraShort Bloomberg Crude Oil, symbol SCO, at the market. Place a good-till-canceled protective sell stop at $84.54.

Larry