Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

TZA Hourly Confirmation

|Includes:Direxion Daily Small Cap Bear 3x Shares ETF (TZA)

If Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) posts an out-side up hourly bar within the next 15-minutes, then it provides additional confirmation for establishing a long position in TZA at this time.

This reversal bar is working in conjunction with the weekly reversal as mentioned earlier today.

Long TZA with a stop at 20.23

Disclaimer:

This report is for discussion purposes and contains our opinions only. This posting is to publicly document our thinking and market analysis actions within the Three Ten Trading entity. The data was obtained from sources believed to be reliable. However, we make no guarantee as to the accuracy of that data.

Investing or trading in equities, futures or options may result in a significant loss of capital, total loss of capital or a loss greater than available capital.

We are not advocating any stock or in any way offering portfolio management advice or stock selection service.

Respectfully,

Paul Mosgovoy, President: Three Ten Trading, LLC

Thank you for reading.

Disclosure: I am long TZA.

Stocks: TZA