Direxion Daily Technology Bear (TECS)

[Bill de MT]

RITEC is at 1316 and will hit resistance at 1321. If it gets over 1321 with some strength, it'll hit 1340. Looks like it's just moving sideways with support at about 1250. If it bounces off 1320 and starts moving down, it could be forming a head and shoulders pattern which would be confirmed with it moving under 1250. If that happens, RITEC would have a serious downside driving TECS way up. It's all just right on the line right now so I'd wait to see which way it's going to trend especially given that TECS is in a downtrend.

Was able to get a good look at RITEC, but stockcharts froze up again. Don't know the numbers on AAPL.

TECS has some life in it. I've found- too late- that VXX and TVIX have some real decay to them. When the VIX goes down, both those ETNs will probably go down at a greater percentage. But, when the VIX moves up, then TVIX and VXX don't move up in the same percentage. They have a real natural downtrend. Just want my money back and I'll never touch them again. LOL! I think there's some better VIX ETFs out there.