Shorting Financials
I added shares of FAZ again at $4.70. This ETF has worked pretty well for me as a trade. I buy when it drops to the mid 4′s and sell it over 5 dollars. I am still not seeing too many buying opportunites for stocks yet.
FAZ
Bought more shares of Direxion 3X Financial Bear ETF (FAZ) @ $4.40 today. I have to admit that this rally has lasted far longer then I thought. Pullbacks have been mild so far. This position is a bet that the market still has room to decline.
