Small cap stocks have been decimated in this Bear Market and the TZA has been good to us when the timing is right. Oscillators are back to prime position to return to the TZA. I’ve added them to client accounts in prices ranging from $46 to $45 this morning.
Will this trade work as well as the last three? Who can say, but the trend continues of sideways action with a downward bias. In the last month the SP 500 has made three successive lower highs and three successive lower bottoms. Is there a possibility of a 4th? All we need is some bad new out of Europe to be back in the teeth of the Bear.
Long TZA