FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Tuesday April 26, 2011

Topie: Tuesday April 26, 2011
April 26th, 2011 07:05 AM
membar Allen: AGQ and ZSL are looking to be the new FAS / FAZ are far as movement is concerned. Look at how those suckers move. I wonder if they obey FTG, TSK, etc......
April 26th, 2011 10:06 AM
ISA_Coder membar, I think you are onto something.
compared to FAS/FAZ only moving about .5% this morning so far, it's time for me to start branching out to other pairs.
I remember a time when financials were once the highlight of ETF's, moving 10% in a single day was the norm, i miss miss miss those days!
April 26th, 2011 11:27 AM
BullDog Agree the Financials, including FAS have gotten a bit boring.
However, I am holding sustainable FAS, JPM, BAC and C. Should the dogs ever decide to move, I'll make out like a bandit.

In the meantime, I am having luck trading MO -- Can you imagine that. I have been collecting 1% per trade. Have done that at least 10 times in the past few weeks. After running on sand (FAS), running on the street (MO) sems so much easier.

All the stocks in the portfolio I had listed yesterday are up good today.

Happy trading.
April 26th, 2011 12:01 PM
BullDog AGQ and ZSL - Those are going to be real tough.
I heard this morning that Silver is going to pull back.
April 26th, 2011 03:05 PM
allen314159
Quote:
membar wrote:
Allen: AGQ and ZSL are looking to be the new FAS / FAZ are far as movement is concerned. Look at how those suckers move. I wonder if they obey FTG, TSK, etc......


I'll try to run the numbers tonight. But I might slack.

I still remember promising another bubble chart for FAS like a year ago, and I keep thinking I'll get around to it before earnings every quarter, and I haven't..

The problem is that I decided I would rewrite all my code and make it more efficient and well-documented, but I only got partially through that. Oh well.

From just an observational standpoint, I've noticed that AGQ/ZSL tends have have huge gaps.... kinda scary. FKOS really relies on the movement occurring during the daytime. Actually I guess all our day trading strategies rely on that!

The lack of volatility in FAS/FAZ is kinda annoying... I'm wondering if this is the norm until the next financial catastrophe. Especially because we still have the 90% margin maintenance requirement, and AGQ/ZSL probably still have 60% requirements because they're 2x'ers!! and VXX isn't even leveraged!
April 26th, 2011 08:28 PM
membar I bought a teeny bit of AGQ this morning.