Category Archives: TZA

The Plug has been Pulled

September 14, 2021 By in 1929, DRV, Positions, S&P, S&P 500, SPY, TZA

Mid Session

92-Years Almost To The Day

Barring any new highs in the S&P, which seems less and less likely, the market has bookended two historic extremes.

September 3rd, 1929, was the peak back then; September 2nd, 2021, is the peak now.

This site has said many times, if we’re doing our job right, whenever the big reversal comes, we’ll already be in position (not advice, not a recommendation).

So, far that has proven to be correct; having gone short via DRV and TZA during the past week.

This down move is still very young. It’s almost imperceptible and could somehow be negated.

However, with each passing day when there’s no attempt or unsuccessful attempts at new highs, downside probability continues to build.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

Selling At The Top

September 10, 2021 By in IWM, Russell 2000, TZA

Late Session

If The Fed’s Doing It, Shouldn’t We?

You don’t want to be left holding the bag.

David at The Money GPS has an excellent update, linked here.

Looks like they really do ring a bell at the top.

However, does this news story (The Fed selling everything) corroborate with price action?

In the case of the Russell 2000 (IWM) above, the answer appears to be yes.

Price action got itself into and up-thrust condition, rolled over, then tested and is now continuing lower.

A short position was opened in IWM (via TZA) during this session with a stop at the TZA day’s low (not advice, not a recommendation).

Yesterday’s short on IYR (via DRV) continues to post green and is confirming the overall markets may be peaking and reversing simultaneously.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.