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TZA & IWM targets

Here are the 4 hour period charts of both TZA and IWM, which of course are near mirror images of each other.  As I expect the likely upcoming pullback to be relatively swift, I have opted to use the 3x leverage ETF as the preferred proxy for this short on the Russell 2000 index.  As [...]

Mar 22, 2013 2:35pm|Categories: Equity Market Analysis, Trading Tips|Tags: , |Comments Off on TZA & IWM targets

$RUT Top Ten Components

These are the daily charts of the ten largest components of the Russell 2000 Index (posted in descending order by weighting).  Rarely have I even seen such screamingly bearish patterns on nearly every top component in a major, diversified index such as this.  Of course, these stocks are also extremely overbought on the daily, weekly [...]

Mar 22, 2013 12:09pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , |Comments Off on $RUT Top Ten Components

Long TZA (shorting the Russell 2000)

I often review the top 10 components of a major index or sector that seems of interest to me at the time.  In reviewing both the previously posted chart of the Russell 2000 (small cap index) as well as the top 10 components of that sector, I am adding TZA (3x short Russell 2000) as [...]

Mar 22, 2013 11:30am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on Long TZA (shorting the Russell 2000)

Russell 2000 Scenario

Of all the major US indexes, the $RUT (Russell 2000) looks poised for the largest percentage drop.  I still prefer trading the best looking individual stock setups vs. the broad indices but if I were to pick a favorite short index etf right now, it would be either TWM (2x short $RUT) or TZA (3x [...]

Mar 22, 2013 10:51am|Categories: Equity Market Analysis|Tags: |Comments Off on Russell 2000 Scenario
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