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Traderfan

07/15/10 2:36 AM

#6473 RE: onTarget #6472

Well why would he take FAS and FAZ if he wants to move with the whole market? Sometimes the financials don't move the same as the overall market does.

I personally like SPXU to short the market. Afterall that's the closest and broadest equivalent to the overall US market. Of course Joe's small caps are a possibility as well.

Just my opinion. FWIW.

Ex Blockman

07/15/10 2:41 AM

#6475 RE: onTarget #6472

Actually, we in the Den trade the FAS/FAZ, QLD/QID, and TNA/TZA......

You should have all three pairs up in front of you and buy the appropriate vehicle when it gives a buy signal......

joenatural

07/15/10 10:11 AM

#6477 RE: onTarget #6472

I like TZA and TNA over FAZ and FAS, as the former better reflects the overall market conditions and not a particular sector ....

"Hi Joe, Just curious, why do you choose tna / tza over other etfs? On Monk's board they really like fas / faz. I like DRN DRV myself."