Category Archives: ETFs

The Return of FAZ

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So many ultrashort funds have turned the corner to the upside, it’s really quite surprising. One in particular is the triple-bearish-on-financials fund, shown below. It is exhibiting the same kind of pattern shared by so many other short funds: an emergence above a descending trendline that goes back for a long, long time. I’d certainly wait for prices to relax back down to the trendline, but before too long, these might be fantastic long positions.


Waxless Brazilian

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I haven’t been following the elections down in Brazil, but apparently people are ga-ga about Brazilian stocks today. Excellent! You want to know why? Well, I’ll tell you: I thought it might take weeks to repair the damage done to Brazilian stocks, and I was worried that the slow uplift in those stocks would goose up our markets as well. Happily, the entire surge took place within minutes of the opening bell, and I’m ready to terrorize our South American neighbors once again. I am shorting with impunity.