Tuesday, December 2, 2014

Couple of Quick Trade Ideas.


While I don't think we are at the prime area yet as I don't think the bounce is over yet, the 3x inverse (short) SPY ETF, SPXU is starting to see accumulation and it is confirmed by the 3x long SPY, UPRO which is seeing heavier distribution and distribution that never left.

XLF/Financials is showing sharper and stronger distribution/negative divergences than most assets, FULL HOUSE negatives. I like FAZ, 3x short Financials (long) and as the day passes, FAZ positive divergences are coming alive and building, longer term already very positive. FAS, the 3x long financials is showing VERY clear negative divergences today, confirming XLF and the FAZ long I like.

There are others, but these are moving quickly toward the trade.

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