That's why I don't day trade because I can't get it right but at the same time, even though the S&P hasn't moved much, individual stocks and leveraged ETFs have moved more substantially. I guess it's better just to short the indexes straight out if you are bearish.
most people can't handle the Time element in the market, with the compression in volatility it's taken many people out of the game. Since March 5th the S&P is up a whooping 20 handles. To people that are holding bearish positions it probably feels like it's up 100 handles, it's just another dynamic of the Time element playing mind games on people. The S&P is 7 handles higher than it was 64 days ago, daily gyrations to weekly gyrations turn out to net nothing and in the process, parting people with their money.
Man he is good. And good buy at the close Earl.
Carl just sold long unit at 1154.75
AAPL is showing positive money flow. Buyers are more aggressive than sellers.
Back in TZA at the close.
XLF is creeping closer to 15.82, where it will terminate it's bullish setup.
http://www.flickr.com/photos/47091634@N04/44234…
AAPL is out of room to run if the capital capacity of it's regulator hasn't changed, friday's high came within .6% of it's regulatory limit
That's why I don't day trade because I can't get it right but at the same time, even though the S&P hasn't moved much, individual stocks and leveraged ETFs have moved more substantially. I guess it's better just to short the indexes straight out if you are bearish.
most people can't handle the Time element in the market, with the compression in volatility it's taken many people out of the game. Since March 5th the S&P is up a whooping 20 handles. To people that are holding bearish positions it probably feels like it's up 100 handles, it's just another dynamic of the Time element playing mind games on people. The S&P is 7 handles higher than it was 64 days ago, daily gyrations to weekly gyrations turn out to net nothing and in the process, parting people with their money.
7.16 is the low from last Friday. 7.15 is clearly the stop, but I'm not sure what the buy price is.
Looks like TZA might hit it's low at the end of day.