Winning Chart of the Day: TZA

Nice upside breakouts in inverses like TZA today

This illustrates one of my favorite basic price action patterns that I teach traders in my live room, which is simply buying just above a whole number at a two-day high.

 

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Good moves in TZA;
i dont trade TZA or iwm,anymore,I like to use a time stop in addition to price + volume \they can kill/LOL[-7.2% loss in one day] TZA is still going up for week , so maybe not lose that exact % /LOL..
Got back in udow,TQQQ. EBIZ,sso, is good to buy @ bottoms area, but if sure of trend, or reasonably sure prefer TQQQ,qld ,SQQQ......................................................................

 

KC for your Two-Day-High buy which entry fits your method best, a, b, c?

 

sry hard to see on that chart, heres an example

 

Seems like UVXY will always outperform any of the -3X ETFs. On Friday at the peak SARK was up 6% TQQQ 5.5% and UVXY 14% at the peak. Its still amazing to me that SARK which is just -1X ARKK outperforms TQQQ which is -3X QQQ.