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Subtle Signals

Filed under: Trading Patterns - 29 Oct 2009

Watching the two inverse ETFs in the same sector  helps me determine direction.

I was watching bot TZA and TNA this morning, along with the spooz.  When I saw TZA try and head higher on the 5th candle, but quickly fail, I had the signal to go long TNA and TYH.. or other ETF longs I trade.

tza-102909

tna-102909

The spooz was in the same pattern, and acting bullish.  I was looking for lower low candles as stops.  There were none until 1058.

Emini-102909

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