Thursday, December 22, 2011

TZA Looks set for a pop

TZA is a leveraged short (inverse) ETF on small caps
 TZA 1 min in a flat range.

 TZA 2 min leading in a flat range

 TZA 5 min looks very strong

 Even the 30 min looks good.

Compare to the IWM -Russell 2k which is lagging badly today.

 IWM 2 min leading negative

 IWM 5 min leading negative

 Same with the 15 min,

I'd say IWM will break soon and TZA will benefit.

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