Friday, January 18, 2013

FAZ Add to (Long)

We are getting some upside movement in to a leading negative divergence,


 I'm assuming this is op-ex pin action, but nonetheless, it makes for a better entry on the FAZ long position as far as price goes.

 XLF-Financial Sector 30 min (I didn't think I needed to draw annotations on the chart, the divergences see pretty obvious.

 XLF short term 1 min

 FAS (like XLF except 3x leveraged long) 15 min

 FAS 30 min

 FAS 2 min trend

And FAZ-3x leveraged short- 15 min.

For some reason I can't get the rest of the FAZ charts to upload.

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