Rebought FAZ

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December 10, 2008

After stopping out of all shorts this morning, I’m back in with the break. My paintbar has turned green on SKF/FAZ and RED for XLF…so I’m just going to hold this, get some lunch, and let this one simmer.


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  • http://www.stockrake.com StockRake

    Getting stopped out on it again if XLF/market doesn't re-selloff…market is volatile as can be today.

  • Roger Parks

    Do you use FAZ as a watch signal to buy UYG ? Do you use one against the other as market conditions apply?

  • http://www.stockrake.com StockRake

    Stopped out of FAZ..had a profit, but lost it.

  • http://www.stockrake.com StockRake

    Roger,
    The answer is yes, but its a work in progress. I use SKF and UYG and XLF now to watch to buy FAZ/FAS.

    I learned this today though. Use SKF as the trigger for FAZ. The 1 pm 30minute bar was a stop out on FAZ chart, but not SKF. This would have made this morning's buys profitable and not have whipped me out. Then the second sell I did at 3pm 30m bar was legit. As both SKF and FAZ long signal went off.

    XLF though is still on a sell.

    The 3x etf's will trigger earlier on my indicators and its not because of the higher leverage factor its because of liquidity with terrible spreads.

  • http://www.stockrake.com StockRake

    Getting stopped out on it again if XLF/market doesn't re-selloff…market is volatile as can be today.

  • Roger Parks

    Do you use FAZ as a watch signal to buy UYG ? Do you use one against the other as market conditions apply?

  • http://www.stockrake.com StockRake

    Stopped out of FAZ..had a profit, but lost it.

  • http://www.stockrake.com StockRake

    Roger,
    The answer is yes, but its a work in progress. I use SKF and UYG and XLF now to watch to buy FAZ/FAS.

    I learned this today though. Use SKF as the trigger for FAZ. The 1 pm 30minute bar was a stop out on FAZ chart, but not SKF. This would have made this morning's buys profitable and not have whipped me out. Then the second sell I did at 3pm 30m bar was legit. As both SKF and FAZ long signal went off.

    XLF though is still on a sell.

    The 3x etf's will trigger earlier on my indicators and its not because of the higher leverage factor its because of liquidity with terrible spreads.