Paul Mosgovoy's  Instablog

Paul Mosgovoy
Send Message
Truth is timeless: “Markets never change” – Jesse Livermore, 1923 The early masters, Livermore, Wyckoff and Loeb isolated themselves from the crowd and crowd thinking. None of them ever graduated high-school and yet they each became legends in the market. Their techniques have been time-tested.... More
  • Watching TZA Closely 2 comments
    Jun 26, 2014 1:30 PM | about stocks: 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
Back To Paul Mosgovoy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • zaw77
    , contributor
    Comments (54) | Send Message
     
    It is going up again, I add some now avg. $14.45
    26 Jun 2014, 02:17 PM Reply Like
  • Paul Mosgovoy
    , contributor
    Comments (120) | Send Message
     
    Author’s reply » The buying and selling pressure look the same at this point.

     

    Could go either way from here...but the overall trend is up so that is the higher probability.

     

    We will see who has control (bulls or bears) near the close of the day.

     

    Paul
    26 Jun 2014, 02:52 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.