j0turne
Short

IWM Short - Buy TZA

AMEX:IWM   ISHARES RUSSELL 2000 ETF
81 0 1
In life we usually follow the path of least resistance. The path for IWM             is down and has been following that for a while now. The question is do we bounce to new highs or continue lower? Looking at the charts lower seems to be the path. I would buy TZA             to achieve a better return but keep an extremely tight stop as the market likes to do the opposite of what I think.I bought TZA             today at 15.86 which should provide a good return by end of the week. Price target is $17 for first sell then trailing stop to protect profits. Stop loss is 15.70

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j0turne
Long TZA
j0turne about TZA 2 years ago
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