Blog Archives

One more Shot at the Short Side of the Sp500 and SPDR S&P 500 ETF

Despite my recent bullish tendencies I am becoming a bit concerned today about the uptrend.  I think it has exhausted itself today and may start to turn down tomorrow, perhaps very hard.  I am looking to go short the market tomorrow in the early AM via the various short ETFS and may be looking to do so as a position trade into the August 10th to 12th time frame. 

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Posted in Inverse ETF, Market Timing, Online Trading, SP500, Technical Analysis
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Direxion Daily Small Cp Bear 3X Shs TZA shows a Bullish Divergence

The Direxion Daily Small Cp Bear 3X Shs TZA ETF is showing a bullish divergence between MACD and price.  Divergences always have the strongest potential signals in any market.  They don’t always work out on first signals, but a lot of the time they do and they can lead to big price moves.

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Posted in ETFS, Inverse ETF
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The Market Confirmed a Major Top Today

I was going to write a piece on why I think the market will move into a topping process in the July – August 2010 time frame and give some data to back it up.  But after today’s price action in the indices, combined with the downside volume, it appears that today’s price action has the market TELLING US that a very significant top has now been made.

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Posted in ETFS, Inverse ETF, Market Timing, SP500
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The Stock Market Lions are Sleeping Today

AAAAAs_u3IkAAAAAAIDjiQToday was about as boring a day as I can remember in the stock market.  In fact it seems like it is Christmas 2010 already or the day before the new year.  You give me a dollar and I will give you a dollar back, and then we do that about a thousand more times. 

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Posted in ETFS, Inverse ETF
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