Open Hatch

Posts Tagged ‘Investment’

Things appear to be finally, undeniably set up for a major market move down (in the New York Stock Exchange), probably toward the end of today’s trading, or early tomorrow. A market can only be insanely overbought for so long.

I’ll be all too happy for this, as the sideways market has been driving me crazy to the point of simply not wanting to pay any attention anymore. Nevertheless, a few days ago I set up a moderately small short position against the Russell 2000 Index, by buying the TZA, which aims to produce triple the inverse of said Index. At the moment TZA is up a fair amount from where I bought it.