Originally Posted by scambo1

Since I discussed ETFs earlier, I thought I would use a real world example for everyones education. None of what I am saying is investment advice or recommendations to buy or sell anything.

I will use two 3X etf sectors for the example and the reader will have to pull up his own chart to see. The ETFs are FAS and FAZ (3x financial) and TNA and TZA (3x small biz). In my earlier investment discussion, I made a statement that the market trades technically...

All you need to know today is that the S and P support level is 1120 (technically). If the S and P trades and trends significantly below that (ie 1110 and trending lower), it has broken thru. Roughly the next support level with real resistance is around an S and P of 850...what this means is pull out your parachute 'cause you're in free fall.

Frankly, if you are a savvy investor, I have given you all the information you need for your investing day. Dont be rash, dont be greedy, and none of this is advice to do anything.