Thanks for you input dickiebribbles. If SPY pulls back to 167 where do you think TZA would be at if that happens ? I am still hold my heavy postion of TZA at 25.24. Hoping a pullback will bail me out. Tell me how it is sir.
TZA trading is based on the Russell 2000 index smallest companies but your instinct that it moves with the S & P 500 and SPY to a lesser degree is correct. Most Alogo manipulation platforms work 100 symbols at the same time. Major index's are being manipulated by many platforms at the same time. Put the three symbols on the screen at the same time in the one second view and you will see it.
1) TZA is related to the RUT, not the S&P.
2) It is critical that you do your own homework if you wish to survive in this business.
I post the results of my research here from time to time & I post buys & sells.(I bought another 1/3 position in a junior gold miner yesterday, one of my GTC bids that I placed last week. Other than that I come here to play with my friends & relax.
Free Advice by DD:
Figure what percent loss you are willing to accept from your TZA bet & sell at that point, or, sell half now at market & at least reduce the pressure.
Study money management as it relates to the stock market.
Dickie Would one think that I could atleast get one one on TZA at this point. With your analysis of the S&P in a wave 4 down and a range os 1709 to a low of 1625 up the road that should take TZA with it to a degree. I undrestand that TZA is a small cap short and not a S&P ETF. I was just thinking that if SPY came back to its 50 day moving average around 167 TZA should get back into the 25 range. Maybe I am just being hopeful dickie thoughts on this ? Thanks