Recommend selling the ETF Ultra Shorts now
I am selling my SDS and TZA now as the testimony by Tim Geithner, nominee for Treasury Secretary, seems to have weathered the storm and in my view the markets will reverse the trend as we are near the low of the range of the Dow from 7,300 to 9,300 currently at 7,975. There is better than a 50/50 chance the market will reverse and go more towards the high end of the range again.
You might be able to see these rise ETF Ultra Short shares gain more if we break below 7,900 but that is being greedy in my view and you may be left hanging on too long.
You might be able to see these rise ETF Ultra Short shares gain more if we break below 7,900 but that is being greedy in my view and you may be left hanging on too long.
Labels: Dow, ETF Ultra Shorts, SDS, sell now, Tim Geithner, Treasury Secretary, TZA
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