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: , , , , ,