We were stopped out this morning at $19.78 on the TZA trade initiated 11/16 at $20.50 for a loss of 72 cents per share.
Our Momentum Change indicators are still on a Sell signal, but the trade was going against us. We will go into the long weekend flat, and look next week for another opportunity. It is possible our indicators will signal a momentum change to the Buy side, and if so, we will notify you immediately. But it is our expectation that we will still be working with a Sell signal early next week.
Have a great Thanksgiving Holiday!
Bill
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