TZA update

3:30
35.97 trgt hit....close to 3613 at 3607...still,,36.13,,, 36.37 tgt sds

3:18
35.97,,,36.13,,, 36.37 tgt sds

3:12
sds .84 target hit.... next .97...upto 36.37 with targets in between. .97 will be tough to crack...lets see

3:10
sds target .84,,, .97....the .84 could be good place to take some profits

3:03
sds target 35.97 on break sustained over .73

2:51
spx hit 1113.69....close to the 1114 target from earlier .... then backed down

2:50
i switched to sds not tza for scalp here because i like the sds chart more...for rest of today

2:39
sds 35.55 stop .47...low risk entry

2:33
tza close to that 1107 target down from 2:03...why i exited that...last 11.17

2:03
spx next tgt 1114...same as b4

2:01
stopped out of tza... headed for 11.07

1:58
it is interesting that they cannot push this higher with the light volume here... unless trying to trap more new shorts...

1:51
spx ideally needs to hold 1110.50 in order to break higher. last 1111

1:48
3 cents from my stop in tza...i refuse to lower it this time....last tza 11.30

1:46
38.19 sso target on breakout..if it breaks

1:40
bought more tza 11.32 stop .27....adding more for such low risk

1:36
tza "should" go higher, but idk if it will hit my tight stop first or not...

1:33
stop .27 tza....not willing to go lower

1:31
i switched to short via tza because spx did not make my 1114 target....though it could still push up there.

1:27
spx 15min bear shooting star

1:23
yes...i'm trying to play the "down" in the down up down pattern for spx

1:20
tza 11.38 limit if filled. last .41. tight stops.

1:17
we have the same pattern that we had thurs here...spx should go down up down...again dont know if it all happens today////

1:11
grrr sso .94 stop hit for 50% of it...still have other half for breakeven hold

1:05
stop on half to .94...for lil profit but more to protect capital...free trade from here

1:02
spx 1114 my sso target

12:59
.81 stop for half of sso

1253
the sso is momentum trade, riskier...again i will exit if doesnt breakout here

1249
sso at 37.89 long...expecting breakout...stop .73 for now...

1238
tza "should" go up here,,,,if not i will take profits (still red for day though :( )

1234
11.67, 11.78 tza targets next

1231
11.67 tza is another nice spot for profit taking

1229
stop on 50% raised to .47

1225
stall here at .55 tza as expected...if it weakens i will take tza profits on 50% and then re-enter if able.

1224
11.67 tza next tgt...at .54...see if stalls

1223
expecting stall at .54 tza

12:18
The 11:08 mini bear pattern manifested itself, from 1111.5 to 1108.50. Now the 1105 needs to hold in spx.

1217
bulls need to hold spx 1105

1216
tza needs .57 now....and to hold the .43 it pierced. the lil pop up on piercing .43 was expected. now must hold

1215
spx at 1109...micro support

12:13
spx can certainly do another surge higher, but the hourly chart warns of tiredness. doesn't mean can't go higher, just a warining. and when tired, it could just consolodate up here, without large decline...will see.

12:08
spx over 1109 is very bullish, as long as it stays there

12:07
so far, the 11:08

pattern is suggesting down, since spx

has not pierced higher...but spx still

has time to do so
 
1159
tza needs 1143 with stall at .39 ok

1153
here is where the spx "should" make another intraday high... if not, should decline. this is the second part of the pattern i mentioned at 1108

1119
tza 1163 projected next. last .54

1118
poss mini inv HS bullish in tza forming

1117
tza needs .62 and .71 to get any upsdide going

1114
added tza 11.52 with a stop at .46

1108
spx should have popped higher on that last move. expecting down 1-2pt then another try up...if 2nd try up doesnt pierce high then it would be intraday bearish. obviously spx intraday bullish now. last spx 1110.

1103
spx has possible ascend triangle 3min settiing up (bullish)

1049
tza has daytrade bullish divergences, will see if they take effect

1038
tza trying to break .58

1034
tza neeeds to break .58 and .67 tho

10:33
back in tza at 11.55

10:29
still waiting for long or short daytrade signal/setup...have neither yet,,,,short seems more likely to come first

10:18
there's a speculative channel line that puts tza 10.96 as possible. last 11.49

10:11
stopped out tza...loss

10:09
stop still at .47 on swing tza...one cent away..not changing this time..can always buy back if merited.

10:07
out tza .52...loss from .63

9:53
theres a nice bull diverg setting up tza hourly. not confirmed yet. still setting up.

9:40
TRADE: lowered stop to .47 temporarily. last .60

Well I am glad that I exited my TZA swing for a profit on Sunday. TZA is down pre-market, hitting a low of 11.95.  Charts suggest a possible re-test of the 11.95 and perhaps even a break of 11.95 to lower prices, but I've taken another starter position here pre-market, understanding that it might go lower.

In the post below, I wrote that I expected TZA might decline "close" to its recent lows. It did that, so I've taken the position pre-market. This is an early entry, I do not have the full setup and signal to enter the TZA just yet, so it carries more risk. But risk seems worth it "down here".

Pre-market, back in TZA at 12.07. Stop 11.57 for now.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".