Super interesting spot here at support for TZA. Small caps have been melting faces, so interestingly TZA finds itself at support at the same time IWM is grinding up at resistance. Will the bulls keep pumping, or will the bears seize control?
Look at the daily stoch
look at weekly stoch
looking good
may take some off monday hit target 25
I believe she is going lot higher in time 30
Nice lower highs
Last night, the DXY went below the PCZ of the Bullish Alt-Bat and bottomed out at the Demand Line of the channel it has been trading within, and at the same time, it formed a Bullish Butterfly with double PPO confirmation. Now it is back above the Moving Averages and on the rise. Meanwhile, the yields have seemingly bottomed out at the 200 SMA at the PCZ of a...
The 3x Bearish Return ETF for the IWM is currently showing Hidden Bearish Divergence on the weekly at the 55-week EMA, and it looks like if this Hidden Bearish Divergence plays out we will see the ETF fall below the B point and begin to accelerate its Bearish Wave Structure which would complete between the 1.272 and 1.618 Fibonacci extensions.
This would mean...
1. "Continuation Wedge (Bullish)" chart pattern formed on Direxion Daily Small Cap Bear 3x Shares . This bullish signal indicates that the stock price may rise from the close of $25.48 to the range of $37.00 - $38.75.
Tells Me: After a temporary interruption, the prior uptrend is set to continue.
A Continuation Wedge (Bullish) represents a temporary interruption...
Daily RSI bounced back just above 30 with a rising ADX indicator. Most everything seems to be at overbought conditions as Fed policy is still tightening. Yields up, Dollar up, speculative assets DOWN. Small caps don't stand a very good chance of profiting in a deflationary environment. Expecting more bankruptcies, layoffs, & defaults. Indexes could fall hard...
Someone asked me about TZA, the Russell 2k inverse bear fund etf. These inverse bear ETFs DO NOT CONTAIN STOCK. They hold only futures contracts, which continually EXPIRE, like options. These funds are effectively like put option substitutes, they suffer severe, continuous time decay.
Please observe price since inception. That is not a typo. Adjusted for reverse...
Is The US market crash coming ?
We have 3 types of “crashes”
Correction <15% downward movement in a major indicy
Bear Market <20% downward movement in a major indicy
Black Swan event, something very unexpected that tanks the market, think 1987, 1929, challenger disaster, 911 and so on.
The fourth type is the 1919, 1929, 1999 and 2008 scenario that people...
Trading is a business based on probabilities, therefore the key to success in this field is to stack the odds/probabilities in your favor - in simpler terms take high probability trades.
Idea behind this trade : parabolic move upwards
Reasoning: BB bands tightening up- this is generally seen right before an explosive move -
Price is above the ATR indicating a...
Daily rolling over so pull back happening. 28.66 support. Look Vol more buying selling
Weekly look good turning up.
made 16% Still long few shares still
$TZA broke long-term EMA cloud and is going to test the 200D VWAP along with the most recent trend line. If structural decline continues to happen on $SPY (looking like it will for at least another day or so this week) then this could be a good play.
