TZA trade ideas
TZA set to explode... 12% upside in this setupM2K futures are looking weaker than I have seen in almost 12 years. Crash is definitely on the table right now. TZA is a great instrument to capture a huge leveraged move with low risk. The entry in this scenario would be a buy at around $5.60 and to sell around $6.85 with a stop at $5.10. Ultra rare setup here with a huge gain potential in possibly a few hours... or minutes!
National 3x Leveraged Bearish ETF Week is Not Cancelled YetLast year, a certain holiday week was founded in secret. It involves the one time during the calendar year when it is a good idea to long the bearish 3x ETFs as a speculative play, rather than a hedge.
While they tried to cancel the festival this year for Covid-related reasons (money printing reasons), it seems the bearish folk are coming out to celebrate it anyway.
TZA is my favorite of the bunch, but my next two favorites have got to be SQQQ and SDOW. SPXS is just not my cup of tea, maybe because the S&P hasn't seen a proper correction in several decades.
Come celebrate this year and show your support with a donation to the increasingly corrupt, 51-week Negative Bagger Association of America (the NBAA) and purchase a share or two this week. Its the only week that its worth the roulette spin.
-SPigPigPig
AMEX:TZA
NASDAQ:SQQQ
AMEX:SDOW
AMEX:SPXS
AMEX:SPY
GLOBALPRIME:US2000 SPCFD:SPX NASDAQ:NDX DJCFD:DJI
TZA 4HTZA 4H
NORMAL RESISTENCE/SUPPORT IS GREEN LINE
OVER THAT IS BULLISH TERRITORY
UNDER IS BEARISH TERRITORY
to go up
VOLUME HAS TO BE OVER 700K
RSI HAS TO BE BETWEEN 35 AND 85, 51+ IS VERY BULLISH
WHEN TOUCHING 400MA over green line, this is gambling
short term between 200ma and 400ma is a healty normal goal
inside triangle, is a safe zone
make a decision when you are outside that.
When Life Gives You A Lemon - Make LemodaideDon't wait until it's too late to hedge against your upcoming losses if your heavily invested...remember the last quarter of 2018? Well, it's happening again! If it's as rough as it was just 5 months ago your looking at upwards of 80% gains near term if your in...but if your not I feel for you (Also see SDS and SPXU). I've been day trading these short stocks and ETF's off and on for two weeks and it's worked out well; It's quickly turning into a buy and hold...and you better strap in because they are getting ready to launch!
TZA Bullish & RUT Bearish (Start Week)Both are negatively correlated . MACD on chart is rolling over on chart. TZA -The investment seeks daily investment results before fees and expenses of 300% of the inverse (or opposite) of the performance of the Russell 2000 Index. Noted yellow triangle, is bearish trend line.
You can wait for close in triangle area to confirm bearish trend in broken. I expect TZA will go to $17.50, which would be a $1.20 move up- from $16.20.
52 week: $15.74-$43.45
Volume: 21,718,058
Avg. Vol: 9,595,907
Market Cap: $667M
ETF Risk: is high, related to its major bearish trend (look at higher time frames).
RUSSELL 2000 INDEX (FYI)
The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.