Monday, April 20, 2009

FAS or FAZ? Choose Wisely!

  • Nothing positive to say about today' market. Stocks were crushed. It was just one day, and during the bear we saw many sharp one-day rallies that failed. If this is a new bull trend, then we could also expect the opposite.
  • I think the seasonal sell signal - MACD cross - is very close for those watching.
  • Lots of folks trading the triple-leveraged financials, FAS and FAZ. If you were in the right one today, you made over 30%. In the wron one, and you lost over 30%.

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