Monday, June 07, 2010

Weekly S&P 500 EMA Strategy Updates Along with TNA & TZA

The weekly EMA strategy is still in a bullish trend as denoted by the 15-week EMA > 40-week EMA.  However, both EMAs have turned down along with the RSI being below 50.  (See the following chart.)


The next chart is TNA (3x Small Cap Bull ETF).


The last chart is TZA (3x Small Cap Bear ETF); which, of course, is a mirror image of TNA. 

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