TZA- Direxion daily small cap bear 3X daily

[davecash77]

Took out a position today sold my C and bought TZA as a hedge.
Im not sure if I should of played this or FAZ but time will tell.I have never played these before.

[greencat]

TZA is making higher highs and higher lows. Looks to reverse the trend and make a move towards 10.00 and possibily higher.

TZA Chart


The fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000 index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is nondiversified.

Direxion Daily Small Cap Bear 3X Shares

Phone: 866-476-7523

Fund Overview

Category: Bear Market
Fund Family: Direxion Funds
Net Assets: 506.97M
Yield: 0.00%
Fund Inception Date: Nov 5, 2008
Legal Type: Exchange Traded Fund

[greencat]

TZA-Possible cup pattern in the making.
resist. 11.37
resist. 10.12
resist. 9.86
resist. 9.51
resist. 9.14
resist. 8.57
resist. 8.14
resist. 7.60
supp 6.88
supp 5.64

Originally Posted by greencat

TZA is making higher highs and higher lows. Looks to reverse the trend and make a move towards 10.00 and possibily higher.

TZA Chart


The fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000 index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is nondiversified.

Direxion Daily Small Cap Bear 3X Shares

Phone: 866-476-7523

Fund Overview

Category: Bear Market
Fund Family: Direxion Funds
Net Assets: 506.97M
Yield: 0.00%
Fund Inception Date: Nov 5, 2008
Legal Type: Exchange Traded Fund

[greencat]

TZA has made a nice move but not a buy area. TZA looks like it make get into a higher high higher low pattern. TZA will be worth watching on the pullback.

TZA Chart


The fund seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000 index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is nondiversified.

Direxion Daily Small Cap Bear 3X Shares

Phone: 866-476-7523

Fund Overview

Category: Bear Market
Fund Family: Direxion Funds
Net Assets: 506.97M
Yield: 0.00%
Fund Inception Date: Nov 5, 2008
Legal Type: Exchange Traded Fund

[BadThad]

Ahhhhh....I figured these bear ETF's would pop up on the GC radar soon. I think they are awesome buys now. I'm going to be keeping an eye on them and may pick up some shares.

Current stock price: $48.40

[greencat]

Originally Posted by BadThad

Ahhhhh....I figured these bear ETF's would pop up on the GC radar soon. I think they are awesome buys now. I'm going to be keeping an eye on them and may pick up some shares.

Current stock price: $48.40

Yup looks like a lot of big money putting their cash into these types of funds until the market gets a better direction..