4pm update: One of my indicators, which by itself isn't enough to produce a short signal, is indicating the market is overextended and favors a small pullback or consolidation period before possibly continuing higher. I grabbed some TZA at 14.40 as no shares of TNA were available for shorting. Hopefully we see some type of retracement the next few days. I don't expect much downside.
Earlier post...
The system will remain on the sidelines again with another hold signal. Meanwhile, I'll be establishing a short position sometime today, simply on a hunch. Since it is against the recommendation of my system, it will be a small short position.
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