T1B

FAZ(19.49) - Direxion Daily Financial Bear 3X.

Financial short ETF might get some play soon. It will drop at the open today but might head up later today or on Thursday or Friday as the DOW hits the resistance trendline. Possible reverse H n S pattern on the chart.

Might be time to play some other short etf's as well.

IBD called this market in uptrend after we had a 2% confirmation day.
All the shorts are doing is put more fuel on the fire right now -

My opinions these days are dictated only by what I see the market do on a daily basis - and right now the trend is up.

If you want to check out a board where you'll see some hedge fund managers, professional traders and the like - check here: http://www.traders-talk.com/mb2/index.p ... howforum=2

The Majority opinions right now are up at least thru the next few weeks

FAZ up 5% today to 19.72. I jumped in too early yesterday at about ten minutes after the open when the share price went back above the open at 19 and I got some at 19.01. Low yesterday was around 18.20.

20 and 50 day moving averages are 20.55 and 20.94 respectively. Resistance trendline I have drawn says around 22.50

Thanks for the link Scott. The wife and I left for the Oregon coast this morning for a long weekend vacation but Ill be sure to check it out better next week.

TZA(Direxion Daily Small Cap bear 3X) might be another play. Russell 2000 may be heading south earlier then the other major indexs. Im in this one at 11.66 this morning.

Still in FAZ(18.94) and am down a few pennies.

http://blogs.wsj.com/marketbeat/2009/11 ... d=yahoo_hs
By Matt Phillips
Market participants seem to be having trouble figuring out exactly how to trade today. Both the 10-year bond and stocks are down, something of an anomaly after the clockwork like trading tied to the direction of the dollar that we’ve seen lately.

Stocks seemed to take their downward cues early from the much-worse-than expected 10.6% fall in October housing starts. Meanwhile, Treasury prices tumbled and yields shot higher following comments made by James Bullard, president of the Federal Reserve Bank of St. Louis, from a press release and presentation released to the press in ahead of a speech in Clayton, Missouri.

Bloomberg led their story with “Bullard said policy makers may not start to raise rates until early 2012 while facing a “too low for two long” argument that may “weigh heavily” on the central bank.” Dow Jones writes, “if the Federal Reserve sticks to the pattern set after the last two recessions, interest rates will remain unchanged until 2012.”

Of course, that 2012 number got the attention of the markets. As a timeline that long and specific would mark a significant language change from the plain blandishments of the “extended period” variety the market has had to satisfy itself with when trying to guess about the Fed’s plans for tightening.

Market watchers have been quick to say that Bullard’s mention of 2012 was sufficiently conditional, and meant as a broad target only if the Fed sticks to a similar game plan as during previous rate-cycle movements coming out of recessions.

“We believe that Bullard qualified the ‘Fed would not increase rates until early 2012′ correctly in that if we ASSUME the Fed will behave in the same way in the past then they would wait until 2-3 years post a recession to touch rates,” wrote George Goncalves, head of fixed-income rates strategy, Cantor Fitzgerald, in a trading note. “Key difference is that the Fed this time around has not behaved in the ways it has in the past because the crisis was that much worse versus prior recessions.”

When the Russel wouldnt stay below the 20dma I sold half my position in TZA and FAZ taking a roughly 5 and 4% gains. See what this week brings.

In the past year I found it best not to trade bear etfs. Gapping down, takeing my tight stops is not how I like to trade. I suppose if i went big with large dollar amounts and just got out at the end of the day with 1-3% gains and/or losses i could average even. Madness i say.