Monday, April 29, 2013

UVXY & FAZ Charts


UVXY-short term VIX futures (leveraged long)
 1 min intraday

2 min leading positive with a nice rounding bottom area.

 Just to show you, this divergence goes out to the 15 min chart in leading positive position, I don't expect a long trade, but perhaps a couple of days.

FAZ 3X Leveraged Short/Bear Financials
 2 min intraday

3 min intraday

Again, leading positive out to the 15 min chart, the last turn down did not see any strong distribution, I'm thinking this could put in an impressive move.

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