This week I put on a few swing trades in SSG, TZA, SDS, and FAZ.
The charts basically look the same, so I’ll use TZA to show my reasons. We’ve had three drives down and a failed buy signal. I bought two days after that failed buy signal with the intention of buying into strenghth, which I did early on the surge yesterday. I took off half to pay myself for the risk, and will let the trade ride with a stop under the bottom pivots. I’m looking for a couple week drop in the market here.
