IWM and RUT both have crossed 15 day moving averages this morning. So go long on TZA.
The buy Signal was at the opening of the market.
See IWM & TZA
below
The market's Advanced decline ratio was 7 Down & 1 Up.This was the strongest downside breadth since before the start of the rally on November 16, suggesting strongly that the character of the market has changed. NYSE volume soared to 4.6 billion shares traded . The market has a lot of downside potential. In between we may have 2-3 day rally. Do not buy TNA at this time. You could have bought TZA at the opening. You will have chance to buy TZA again in the next 2 to 3 days, if you did not buy today.
The buy Signal was at the opening of the market.
See IWM & TZA
The market's Advanced decline ratio was 7 Down & 1 Up.This was the strongest downside breadth since before the start of the rally on November 16, suggesting strongly that the character of the market has changed. NYSE volume soared to 4.6 billion shares traded . The market has a lot of downside potential. In between we may have 2-3 day rally. Do not buy TNA at this time. You could have bought TZA at the opening. You will have chance to buy TZA again in the next 2 to 3 days, if you did not buy today.
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