Plays For Friday If The World Doesn’t End
July 2nd, 2011 | by Hugo Gullett |VLO DE XLF – substitute your favorite financial JPM – looks extra special on its own. GE DIS ARUN
But here’s the thing: Its been about a year since the price action of these inverse etf’s have been above both the 21 and 50demas. I’m using TZA for this example because I don’t feel like screenshotting 20 charts, but pick your inverse vehicle and it looks like this. You can expect a big up move, prolly tomorrow or this week, followed by a grind to test the rising 21dema. From there who knows if there will actually be a down trend or not. The main thing though is that there has been a structural shift in the inverse ETFs and they provide clues before the much larger move. 