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Watching TZA Closely

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

Looks like the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) is going to test the low of the day.

The 14.32 stop is not automatic. If TZA "taps" the stop. The position will be maintained.

If TZA "hits" the stop, we are out.

Disclosure: The author is long TZA.

Stocks: TZA