US Stock markets took off yesterday to new highs. This clearly shows the power of the Federal Reserve.
They have been printing money at the rate of $85 billion per month.
Yesterday, IWM and RUT both crossed the 15 day moving average on the upside. That was the time to sell TZA. If you did not sell yesterday, you will be able to sell today or tomorrow after a small correction in two steps: a down, b up and c down. You can sell TZA at that time with some profit or gain since we bought TZA a few days ago.
The market is overbought and may not go much higher than SPX 1600. SPX cosed at 1588 yesterday.We will reestablish new position at that time or even sooner , if IWM crosses down below the 15 day moving average.
They have been printing money at the rate of $85 billion per month.
Yesterday, IWM and RUT both crossed the 15 day moving average on the upside. That was the time to sell TZA. If you did not sell yesterday, you will be able to sell today or tomorrow after a small correction in two steps: a down, b up and c down. You can sell TZA at that time with some profit or gain since we bought TZA a few days ago.
The market is overbought and may not go much higher than SPX 1600. SPX cosed at 1588 yesterday.We will reestablish new position at that time or even sooner , if IWM crosses down below the 15 day moving average.
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