3:52pm: Ok, I should've been more specific in my first post. TNA just has to finish positive...aka above 46.30... to get the short signal. That is the only requirement today.
3:15pm: If TNA holds these gains through the last 45 minutes we'll easily get a short signal. The system will move to 50% short TNA. I am considering shorting a different leveraged ETF since small caps tend to outperform. I'll be looking to perhaps purchase some BGZ or FAZ.
I had some twitter issues last Friday which caused my tweet to be delayed. I think I have it fixed and hopefully it won't happen again.
I will update in a bit to confirm. Take care!
Another possibility would be go long TVIX or short one of the e-mini futures (NQ, ES, YM).
ReplyDeleteThanks for mentioning TVIX. Forgot about that one. Someday I'll get into futures. Maybe I'll make it my 2012 resolution.
ReplyDeleteYup, the market's feeling a bit short-term toppy to me right now.
ReplyDeleteI opted for BGZ. I didn't like that TVIX was down today w/ VIX up 5%.
ReplyDeleteI agree. I shorted BGU, which is essentially equivalent to buying BGZ.
ReplyDeleteI should've bought TVIX. :-D
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