It's too early. $RUT:$RVX is not giving a “short” signal (yet). If $RUT closes outside the upper BB, I would be tempted to get involved with TZA at one minute before the close today. I should think we're going to have a real short squeeze coming sometime soon.
I'm now in harmony with americanbulls, in harmony with my rule (never own below the pivot line), and deeply uncomfortable buying something after it's up 30% from Feb 9th.
If I had infinite money, sure 🙂
It's too early. $RUT:$RVX is not giving a “short” signal (yet). If $RUT closes outside the upper BB, I would be tempted to get involved with TZA at one minute before the close today. I should think we're going to have a real short squeeze coming sometime soon.
Would you scale into any TZA at this point?
He is probably thinking we have a short squeeze today as bears run for cover.
$RUT is less than 1% away from the BB. Your max upside on TNA for today is between 2-3%, assuming $RUT respects the BB (it nearly always does).
Carl went Long second unit /ES at 1119.00
I'm now in harmony with americanbulls, in harmony with my rule (never own below the pivot line), and deeply uncomfortable buying something after it's up 30% from Feb 9th.
Thanks, good luck
$RVX is rising as is TNA — a divergence of sorts
I stopped out at 8.29
In TNA at the moment.
$RUT : IWM daily update
http://www.flickr.com/photos/47091634@N04/44034…
IWM 65.70 is the next opportunity for a reaction