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
  • Small Caps Continuing Test And Reversal 0 comments
    Jun 30, 2014 10:56 AM | about stocks: TZA

    The 30-minute chart of the Direxion Russell 2000 Bearish 3X ETF (NYSEARCA:TZA) shows that price action is nearing the area of Friday's (6/27) trading range.

    It looks as if the TZA needed to make one last low before completing its reversal.

    This is a good start for the day for those that are bearish on the iShares Russell 2000 ETF (NYSEARCA:IWM).

    (click to enlarge)TZA 30-min

    Chart by TeleChart

    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 (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


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.