it's make or break day. Every time the bulls have made a charge in recent days, the bears have been there to send the averages back down. If the bulls can make a run today, and hold it, then FAZ is screwed. On the other hand, if the bears show up in force and the market finishes up a point or two or even down, FAZ is a strong buy.
9052 is resistance and the pivot point we want to test it.If it breaks above get out of Faz.I beleive it will not and the market will reverse to at least 8000 to test support.After we test load up under 9000 but be willing to sell if we break above. Good Luck
Window dressing time is upon us. Everyone knows stocks aren't this good but you have to have the stocks at the end of the quarter, so it's hold your nose and buy them anyway. The present and future earnings don't support the prices but sometimes the market has a mind of it's own.