TZA Direxion Daily Small Cap Bear 3X Share New

For Immediate Release

Chicago, IL – 11/29/2011 – Zacks highlights commentary from People and Picks Trader “TickerBandit”.

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Featured Post

We go down ... until such time ...

we go up ...

A pretty simply concept.  Is it really all that important what the bottom price will be?  Simply refrain from one's fully desired exposure until an upside reversal occurs.

But even so ... the TBUI already indicates that today's price is likely a discount to the price twenty days from now ... so it’s time to begin covering any modest short positions one may have.  Values for the tickerbandicators are:

TBUI ...   4.24

TBPI ....  2.70 (This is first week in the positive for the pessimism indicator ... indicating that fear has returned to the market).

TBOI ...  -5.19 ... This one isn't saying much ... just that few stocks are exhibiting strength ...

Bottom line?  Bear market thresholds were not met in the topping phase of this correction.   There are above neutral odds that the Oct low will successfully retest and we rally to new highs. 

So the question now becomes, when and what price will the rally begin?   My answer for that question is ... when and at the price it happes.  :-)  But then that does not mean I am without a strategy :-). 

I'm covering shorts ... next week I plan to do some purchasing.  Not fully desired exposure.  Just add in weakness up to 30% of the exposure I want for the next rally. I'll purchase the rest on a bona-fide reversal. 

After reversal, prices go higher ... until such time ... they go lower ... :-)  And so goes the circle of life :-)  If all works out we enjoy the frivolity of bull market highs.  If the following rally doesn't persist ... we'll have cover exposure ... and resign to the probable outcome of a bear market.   But for now, one should give the benefit of the doubt to a bull market rally and the present weakness a retest in a bull market correction.

Which brings us to the question?  Could a bull market correction be a bear market?  I guess I could accept that description in this context.   It could be possible that breeching bear market prices on this retest is a buying opportunity followed by a rally to new highs.  I guess what I am saying is that breaching bear market prices won't necessarily mean there will be months of bear market ahead.  The rally which follows, however, will have to be robust and uniformly participated though.

Happy Trading, TB

The most recent picks by «TickerBandit» are:
A sell rating on Direxion Daily Finan. Bull 3X Shs ETF (FAS),
a buy rating on Direxion Daily Finan. Bear 3X Shs ETF (FAZ) and
a buy rating on Direxion Daily Small-Cap Bear 3X Shs ETF (TZA).

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