TZA CONSIDER BUYING BETTER OPTION DURING MRAKET PULLBACK
TZA is a 3x leveraged Short ETF - The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the Russell 2000Â® Index. The fund normally creates short positions by investing at least 80% of net assets in financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. It is non-diversified.
TNA stock has really rallied lately so I have a slight bias to TZA as we head into February. The stock market has gone straight up. There is still going to be a giant recession and possible defaults as we go through 2013. When the S&P 500 is above 1500 there is a serious risk of a correct coming at some point.
TZA now over sold contition. Time to take a look TZA it has lot of potential to go to $22 range. Why I am calling for upside. Dow nasdaq, S&P, Russell all sitting closer to all time high. We going to see heavy rainy day ( Market Correction ) any time soon. During market pullback Russell will fall back from 910 to 800 level.