Sold QLD, SSO, Bought TZA

Home / Leveraged ETFs / Sold QLD, SSO, Bought TZA
November 25, 2008

I’m glad I trimmed my index longs yesterday with force. NDX is already down 5% on the 2x funds.

I sold my QLD and SSO this morning for gains of 7% and 11%.

I was looking to buy TNA in the early part of the morning. I saw TZA trigger on the 5minute chart which is the BEARISH 3x RUT etf. I have a tight stop of 3% on it and won’t hesitate to buy weakness today. I won’t hesitate to flip on this trade and go right into TNA either if the charts turn. As I type I might be stopped out now.


Tags list


Related Posts

Added To Shorts Today
Trades
Added to shorts today. Is there more upside here? Maybe, but I would get short here all day if this was a backtest so I’m following what I...
I’m Going To Try and Time This Perfectly
Leveraged ETFs, Leveraged Funds, Options
I said this on Friday, “I have some decent buy signal on the COMPX here, but I think there will be carry over into next week. I’ll look to go...
Thanks Goldman
Financials, Leveraged Funds, Options, Trades
This morning was looking awesome. GS was gapping up and everything I bought for overnight trade was moving higher. WFC, JPM, STLD, etc. The two best...
Still Short After All These Hours
Market Comments, Technical Analysis, Trades
Still short the 2x funds, TZA, EDZ. I sold out of TYP and some TZA today panicking thinking I was wrong, but thankfully kept it all in other...