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Author Topic: July 4th weekend & TZA - a meeting of the minds  (Read 68 times)
Vooch
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« on: July 02, 2010, 11:47:08 pm »

Over the July 4th weekend, there will be a meeting of the minds, when families across the USA get together to discuss stocks (among other things).

Usually, the market will see pent-up demand for buying, because of the 3-day weekend, but if stocks go down this upcoming Tuesday, that'll definately be a bad sign.

Today, I bought TZA because it showed up on the Hybrid report the way I want to see it.  However, this goes against my 3-day weekend theory, so I probably should have waited a couple days into next week before I bought it.  As always, time will tell.

On TZA, my exit target wil be about 8% from where I bought it, since the Hybrid report is a short-term tool from a toolbox I use.

- Vooch
« Last Edit: July 02, 2010, 11:50:56 pm by Vooch » Logged
Vooch
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« Reply #1 on: July 02, 2010, 11:59:49 pm »

VIX is the most optimistic stock in the market right now. It should be considered a momentum stock and may also be considered a self-fullfilling prophecy because there is $38,671,605.44 in net call options on the winning side of this trade.

http://www.activevaluetrader.com/options/sfp.php - this is an EXPERIMENTAL report.

VIX is the S&P500 Volatility Index, which means the market thinks the volatility is going to rise a lot

One way for that to happen is for the market to go up, which is inline with my 3-day Holiday Theory, but against my TZA trade.  We shall see.

- Vooch
« Last Edit: July 03, 2010, 12:08:21 am by Vooch » Logged
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