This is triple leveraged inverse Russell 2000 ETF. It is flawed due to negative compounding in downtrends.
RSI and MACD-H showing to long the TZA. Long to just below 50.
Look for retrace back to support and then buy Inverse of Rusell 2000 around 10.45 to 10.50 area
Don't wait until it's too late to hedge against your upcoming losses if your heavily invested...remember the last quarter of 2018? Well, it's happening again! If it's as rough as it was just 5 months ago your looking at upwards of 80% gains near term if your in...but if your not I feel for you (Also see SDS and SPXU). I've been day trading these short stocks and...
Looks like markets are due for another decline
A bottom on the daily in TZA as +ve divergence is set, look for a small pull back to gather energy to break RSI 50, if/when this happens, it comes with a strong movement in price
its-opnly-my-opnion...Have a nice day :)
Both are negatively correlated . MACD on chart is rolling over on chart. TZA -The investment seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the performance of the Russell 2000 Index. Noted yellow triangle, is bearish trend line. You can wait for close in triangle area to confirm bearish trend in broken. I expect...
Should the market bounce tomorrow, TZA could potentially trade in a sine wave pattern going sideways, as it did in December
Long > 20.07 Stop - 19.79 Target - 21.89
Flashback Dec 2015. Short Russell 2000 and SP500 rinse & repeat?
Big spike coming due to overbought levels in the smallcaps asset class. This ETF will rocket over 40.