Wednesday, March 14, 2012

TZA

Here are small, mid and large cap performance today:
 Small Caps down -.87%

 Mid caps -.80%

 Large caps +.30%, I think this is all pretty clear in the divergence between the IWM and DIA (-.92% / +.11%).

TZA looks to be an interesting candidate shaping up, I personally would not enter quite yet while the averages are divergent.

TZA 30 min

TZA 15 min

TZA 1 min which has been mostly in line today or trend confirmation.

Either way, TZA looks like it is preparing for an upside move.

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