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at MarketWatch.com (Sep 22, 2011)
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at MarketWatch.com (Jun 20, 2010)
TZA vs. ETF Alternatives
TZA Description
The Small Cap Bear 3X Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000® ("Small Cap Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website
See more details on sponsor's website
Country: United States
Key Info
- In Your Portfolio: Core Building Blocks: A Guide to ETFs That Divide the U.S. Stock Market by Market Cap
- Asset Class Performance: Market Cap
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 4, 10:51 AM BNP's "Love-Panic Index" signals a correction ahead as it crossed into "love" territory a few weeks back. Past experience says to brace for an average 12% decline in the S&P (SPY) over the next 6 months. The biggest drivers of the recent move into "love" have been State Street's Investor Confidence, the CFTC's COT report, falling short interest, rising Nasdaq to NYSE trading volume, and small caps (IWM) outperformance over large caps (IWB). 14 Comments
- Monday, May 20, 3:11 PM The Russell 2000 (IWM) cracked 1,000 for the first time this morning, but the small cap sector is far from over-loved by the fund managers who invest in it, according to Credit Suisse's Lori Calvasina - they ended Q1 with cash holdings at a near 10-year high. Indexing (IJR, IWO, IWN XSLV are some others) beats most active management, but Calvasina screened for stocks owned by fewer than 50 small-cap funds with $500M-$1.5B market cap, and with favorable investment ratings. No surprise the answer is heavy on mREITs - MTGE, AMTG, PMT. Also coming up: OMX and WFR. Comment!
- Thursday, May 9, 3:24 PM "Our enthusiasm is clearly a notch below where we were at the beginning of the year," write Credit Suisse analysts, starting to see a bit of froth creep into small caps. At 16.4x earnings, the Russell 2000 (IWM) "has admittedly lost its valuation appeal." For now, they're buyers on dips, but should the index near the 1,000 level, valuation pressure will really start to be felt. 3 Comments
- Wednesday, May 1, 2:23 PM "The canaries in the market coal mine are gasping for air," says CNBC's Melissa Lee, as mild declines in the Dow (DIA -0.5%) and Nasdaq (QQQ -0.2%) belie sharp drops in small caps (IWM -1.8%) and mid caps (MDY -1.1%). The S&P 500 has widened its lead over the Russell 2000 to about 200 basis points YTD. 1 Comment
- Friday, April 26, 9:26 AM Small-caps have a fan in Goldman Sachs which is out with a report today forecasting a 14% gain in the Russell 2000 (IWM) over the next 12 months vs. just 6% for the S&P 500 (SPY). The S&P is outperforming YTD by about 50 bps. 2 Comments
- Monday, April 15, 12:38 PM The S&P (SPY) and Dow (DIA) have continued to notch record highs, but small caps (IWM -3%) - which led the way higher for much of the year - rolled over a few weeks ago and are falling especially sharply today. Technicians fret. 1 Comment
- Sunday, April 14, 8:25 AM The reconstitution of the Russell indexes coming up in June, Credit Suisse aims to anticipate who's in and who's out. The rules-based approach of the Russell 2000 has allowed arbitragers to profit each summer by front-running the moves, making the Russell 2000 ETF (IWM) a poorer play for small cap fans than IJR . Expected among the top 25 adds are ARCP, SRPT, PBYI, ACAD, and WSTC. Among the top 25 deletes: CPST, FCEL, CHKE, OMER, and EML. Comment! [Quick Ideas]
- Wednesday, April 3, 8:00 AM Something for the technicians to have a look at is this chart from ukarlewitz noting small-caps (IWM) have joined the industrials (XLI) and semiconductors (SMH) in slipping below their long-term uptrend line. Oversold in an uptrend tends to get bought, he says. It's a key time. 3 Comments
- Monday, April 1, 1:32 PM Technicians spot a troubling divergence, with the Russell 2000 (IWM) falling 1.3% to start the new quarter while the DJIA (DIA) remains flat. Some believe small-caps lead - both on the way up as with the current bull run, and on the way down - and today's relative decline continues a pattern begun last week. 2 Comments
- Tuesday, March 26, 1:27 PM Small-cap stocks are set to outperform, according to Goldman research showing the IWM outperforms the SPY by an annualized 8.1% in quarters following a steep drop in the VIX. The "acute" decline in the VIX YTD "provides a tailwind to small-cap performance in 2Q13." A must-read for small cap index fans is SA author Ploutos' piece suggesting IJR is your best bet. 3 Comments [Quick Ideas]
- Friday, March 22, 12:29 PM Lagging the solid rise in stocks today are small caps, the Russell 2000 (IWM) up 0.1% while the S&P 500 and Nasdaq post better than 0.5% gains. Thus far in 2013, IWM is about level with the S&P, but is about 300 bps better on a Y/Y basis. IJR - maybe better for small cap fans - has outperformed both. Comment!
- Thursday, March 14, 12:48 PM The VIX is low, but it's not at an all-time low. Small cap volatility, however, hits what looks like a record low with the Russell 2000 (IWM, IJR) VIX declining to 13.97, says Stifel's Dave Lutz. For the year, the IWM is up 12%, outpacing the SPY by more than 200 basis points. Comment!
- Monday, March 4, 8:53 AM Direxion Shares sets splits - regular or reverse, as necessary - on 16 triple-leveraged ETFs to put each fund's price at "a level more attractive to investors following several months of rallying equities market(s)." Those affected: ERY, YANG, EDZ, TECS, NUGT, FAZ, TZA, MIDZ, FAS, RETL, EDC, SPXL, DRN, LBJ, TYD, TNA. Comment!
- Tuesday, February 19, 9:10 AM Owners of the Russell 2000 ETF (IWM) may be able to declare arbitragers as dependents on their tax returns. Sharp traders have been gaming the rules-based rebalancing of the popular small-cap index for sweet profits each summer. Small-cap fans should instead take a look at IJR - it's performed better thanks to inclusion rules that may make more sense and are less likely to be arbitraged. Comment! [Quick Ideas]
- Friday, February 15, 3:41 AM PowerShares expands its Low Volatility ETF suite with 2 new ETFs: S&P MidCap Low Volatility (XMLV) and S&P SmallCap Low Volatility (XSLV). The ETFs come with a 0.25% expense ratios, in line with counterpart IDLV (0.25%) and SPLV (0.25%), and slightly less than EELV (0.29%). Over the recent 1-year period, SPLV returned 16.36%, 68 basis points better than SPY, with an SD of just 8.6% vs. 12.8% for SPY. (pdf) 1 Comment
- Thursday, February 14, 10:46 AM A strong January forced short-sellers to cover their bets in several prominent ETFs, with both SPY and IWM seeing an 11% reduction in the percentage of their float shorted. The MSCI EAFE Index Fund (EFA) - with heavy exposure to Europe - saw a 24% reduction in shorts. Seeing an increase in activity is the SPDR Retail ETF (XRT) - 259% of the fund's float is now being shorted. Comment!
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Philip Davis
Technical Tuesday - Japan 700 Points Off Lows, Dow Flat? $$ $FDX $INTC $AAPL $TZA #stock http://fb.me/JE65U9mP - View all 0 replies
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Philip Davis
Consumer Comfort Chart a matter of perspective. From Philstockworld Chat $$ $TZA $AAPL #economy -- http://bit.ly/11Yed0Z - View all 0 replies
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mobyss: Done accumulating this position. Averaged down from initial buy at $38.6 with buys at $37.11, $36.36. Now wait for > $41.50...
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sheldond: Two days down for the small caps........trade is 60 days down or correction of 5 10 or 20 percent in any one day event out of 90 days swing
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sheldond: Slow bleed through summer is actually most profitable scenario in my models.
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Ryan Perlowin
Are you buying protection? I own $VXX and considering a leveraged 3x bear ETF like $TZA or $SPXS - View all 0 replies
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xcobrastripesx
Opened a short in $XIV @ 21.8, $BAC @12.20, & $TZA @ 9.85......lets see where this goes. - View all 4 replies
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LATEST REPLIES
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mobyss: Done accumulating this position. Averaged down from initial buy at $38.6 with buys at $37.11, $36.36. Now wait for > $41.50...
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sheldond: Two days down for the small caps........trade is 60 days down or correction of 5 10 or 20 percent in any one day event out of 90 days swing
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sheldond: Slow bleed through summer is actually most profitable scenario in my models.
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sheldond: I'm holding TZA overnight and I held it from open today! Small position no fear looking for a string of bad days soon not sure when...
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stevetampa33614: Tvix doesnt track the DJIA. it works both ways. It tracks the vix, it not impossible for TVIX to up 5% on a day when the dow is up 500 pts
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x oil -field: Charmin comfort - $CS Fear Toiletten-Papier $TVIX *New 52wk L$3.47¢ http://bit.ly/Y6ZvPR http://bit.ly/12qbkbp http://bit.ly/WHv8SD $GLD
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xcobrastripesx
Opened a short in $XIV @ 21.8, $BAC @12.20, & $TZA @ 9.85......lets see where this goes. - View all 4 replies
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Philip Davis
Earnings play for $TUMI (Mon pm) - http://bit.ly/WVninI $GLD, $DBA, $TZA, $ALU, $USO, $FB, $JDSU and $LVS at - http://tinyurl.com/bflg2ph - View all 8 replies
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Maria Auziliadora: I like the stock It has been doing very good and is very strong -
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REIT: same here bought one or two yesterday for 13.58 good didn't get executed with yesterdays late rally had them for sale 13.78
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Seth Walters: Well, long term, TZA will approach zero, so I wouldn't call it buy and hold. But I'll hold it until the trade works or until it doesn't.
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Christopher F. Davis
$TZA ready to explode on a sell-off we all know is coming. Could short $SPXL or $TNA too - View all 4 replies
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jjsefton: You're smart for hedging. Me, Im up to my ears in SQQQ & TZA just waiting on The Matrix to defeat Neo haha
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jvastola: i'm in at 16.41 and 14.89 for a "net" of 15.85...though the markets seem to be breaking down the technical analysis bears.
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Christopher F. Davis
Interesting turn in market today. Shorted $SPY Longed $TZA. Shorted then Longed $AAPL. Added to $CSCO position. Monday will be interesting - View all 3 replies
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Christopher F. Davis: Usually I use short term option expiration for them if im day trading. I do buy commons too. Lost money until I realized how to do it proper
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Calvin Le: Interesting short term option method, and I know some very successful people that do that. Rare in numbers that I know but the best than
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Seth Walters
Trades today: Long $TZA (at end of the day)- believe that relief rally is overstretched, index upside is limited, and downtrend may resume. - View all 22 replies
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Seth Walters: I exited this at 15.22, haha. 16.22 to 15.22. I've made 3 TZA trades now, 2 losses and 1 win. The win was big enough to outweigh the
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Seth Walters: Two losses so far. I need to stop gambling and wait for trend to show itself.
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Christopher F. Davis
God Save The Queen! We finally got a selloff that was way overdue. I picked up UVXY and TZA this morning. Selling Monday. - View all 3 replies
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Christopher F. Davis: Exact, Ill prolly dump 75% of these before 4pm lol. Crazy markets
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