Wednesday, February 9, 2011

Chart Requests-DPK, TZA, EDZ and FAZ


DPK Leveraged ETF BEAR Developed Markets
 The all too familiar now common structure of a bullish descending wedge, a breakout and then a lateral base. Daily 3C looks strong.


 60- min 3C, another positive divergence on a very important timeframe

 The 15 minute positive and like the rest, leading positive divergences which are the strongest.

 5 min getting ready for n upside move? It appears that way.

EDZ-One of my favorite-slaughter the sheep trades-EDZ-leveraged Emerging Markets Bear ETF
 Again, note the lateral base and big volume. Targets for wedges are the top of the wedge- near $60.

 EDZ I just wrote about recently I felt the pullback was a strong signal as it held support, today it's off to the races on increasing volume-up nearly 8%

 Daily EDZ 3C chart-with a leading positive divergence-this i one of my favorite ETF trades.

 15 min EDZ-note the leading divergence/confirmation of today's move.

 Confirmation also in the 1 min chart.


FAZ-Leveraged Bear ETF on Financials
 Here's the bigger picture, implied target of $18-ish

 Here's a more recent, tighter wedge. Remember, if we do see a reversal or deep correction in the market, it' unlikely we'll see a base form laterally here. I showed some financials in last night's video that didn't look too good and where lacking performance on a relative basis.

 The daily 3C chart-making new highs with price at the lows, this is a huge leading positive divergence.

 15 min FAZ

 5 min FAZ looks like it too is bracing for a move higher shortly.

TZA-Leveraged Small Cap Bear ETF
 Note the distance between the 50-day m.a. and price in October vs. now. Also note the huge increase in volume, even if it wasn't accumulation, it would still be bullish in the chart's current formation as capitulation. MACD looks very constructive-closely related to the moving average I mentioned above.

 TZA daily, not the same huge leading divergence, but  respectable leading divergence on the all important daily chart. The daily doesn't move quickly, but it shows the bigger picture.

 Hourly leading divergence on a volume surge, once again, it appears that something has changed in the market and quickly as accumulation is usually quiet, unless you simply don't have the time due to a change in circumstances.

 TZA 15 min-with a nice little base to launch a move higher.


Finally, TZA's linear regression channel is broken to the upside. Again, it appears events have maybe been moved up due to a change in timing.

Whatever trades are not already listed-many may be on the January list, I'll list them tonight with stops. If you need the information now, email me.

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