Recent content by xlfblogger

You can't "invest" in FAZ its an ETF used for short-term trading. There is depreciation involved when in the FAZ. Just because the DOW falls to its lows of 2008 does not mean FAZ will return to its highs of 2008, it'll actually be well short of its 2008 highs due to depreciation.

SPY is at the lows of the day. It looks like the $139.65 level isn't going to hold. It'd be interesting to see if the QQQ can break $67.55. Be careful out there.

Good morning traders. It looks like my top call is coming to fruition with the S&P currently down 0.47%. For more downside pressure to come in to this market we need to take out the $139.65 level on the SPY.

Good morning traders. It looks like my top call is coming to fruition with the S&P currently down 0.47%. For more downside pressure to come in to this market we need to take out the $139.65 level on the SPY.

A late day rally saved the markets today. It almost seems like "they" knew to rally the market at the end of the day just to prevent a top. I took a couple of shorts at the end of the day. A daily close above $141.85 will negate this top call.