TZA (long)

I like the leveraged ETFs, but the situation has to be right; when the market is choppy they can be dangerous.

TZA looks pretty good here.

 The daily TZA chart, note the stochastics (refer to last night's Stochastics article).

 The hourly 3C leading divergence and stochastics/RSI signal

 30 min 3C leading divergence and stochastics/RSI signal

 15 min. 3C leading positive divergence

5 min. 3C leading divergence.

I like the looks of this trade here and now. Contact me if you have additional questions.