TZA opened up 1.3%. Gap ($6.82 to $6.84) was not filled. TZA was up 3.2% at the high, and closed up 3.2%.
We are in a New Moon Trade, which favors TZA. Following AmericanBulls guidelines, this trade was in cash all day. After seven days, this trade is down 4.1%, and in cash.
Volume for TZA was roughly average.
$RVX (VIX for $RUT) closed up 6.0% with TZA up 3.2%. No divergence.
TZA has now been up 5 of the last 9 days — chop.
The low for TZA today was $6.84. The low yesterday was $6.79, the lowest TZA price since the invention of electricity. A little bit good for TZA.
Ultimate Oscillator for TZA bottomed at 20 twenty two trading days ago and has generally risen since then but has remained below 50 and is currently 38. Indicating continued weakness for TZA. Three days ago was highest of the last 23 days, but a 4 point drop in these last three days stopped that definite up trend. Was up 5 points today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s white candle closed above the Bollinger mid-line (20 day MA). MACD has crossed from below and is rising. Looks like $RVX will be rising. Good for TZA.
Bollinger Bands for $RUT: The black candle for $RUT fell back to old candle highs & likely resistance. The top Bollinger band is still rising, and $RUT seems to be moving away from it. Looks like a pull back before another rally from here. MACD is getting ready to cross down (or sideways). Mixed picture for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle fell back into the congestion area. The upper Bollinger Band seems to be flat. Looks like a return to the topping process. Good for TZA.
TZA had a lower high, higher low and higher close – mildly good for TZA.
Money flow for the Total Stock Market was $1,518 million flowing out of the market on an down day. Generally good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA tomorrow. (Chart and candlestick trumps everything else)
TZA opened up 1.3%. Gap ($6.82 to $6.84) was not filled. TZA was up 3.2% at the high, and closed up 3.2%.
We are in a New Moon Trade, which favors TZA.
Following AmericanBulls guidelines, this trade was in cash all day.
After seven days, this trade is down 4.1%, and in cash.
Volume for TZA was roughly average.
$RVX (VIX for $RUT) closed up 6.0% with TZA up 3.2%. No divergence.
TZA has now been up 5 of the last 9 days — chop.
The low for TZA today was $6.84. The low yesterday was $6.79, the lowest TZA price since the invention of electricity. A little bit good for TZA.
Ultimate Oscillator for TZA bottomed at 20 twenty two trading days ago and has generally risen since then but has remained below 50 and is currently 38. Indicating continued weakness for TZA. Three days ago was highest of the last 23 days, but a 4 point drop in these last three days stopped that definite up trend. Was up 5 points today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s white candle closed above the Bollinger mid-line (20 day MA). MACD has crossed from below and is rising. Looks like $RVX will be rising. Good for TZA.
Bollinger Bands for $RUT: The black candle for $RUT fell back to old candle highs & likely resistance. The top Bollinger band is still rising, and $RUT seems to be moving away from it. Looks like a pull back before another rally from here. MACD is getting ready to cross down (or sideways). Mixed picture for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle fell back into the congestion area. The upper Bollinger Band seems to be flat. Looks like a return to the topping process. Good for TZA.
TZA had a lower high, higher low and higher close – mildly good for TZA.
Money flow for the Total Stock Market was $1,518 million flowing out of the market on an down day. Generally good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA tomorrow. (Chart and candlestick trumps everything else)
My basic question is: let's say we are at 1225 by May and i think we will be at 1100 by November……………what puts would you buy in may and how far out?
Thanks Red
Carl at day’s end:
1st 1161-1175 estimate today for /ES (14 points)
2nd 1156-1175 estimate today for /ES (19 points)
3rd 1161.25-1175 estimate today for /ES (13.75 points)
1161 -1168.75 actual today (7.75 points)
Nailed the low twice.
Trades:
In /ES at 1162.75 yesterday, sold today at 1166.50 (gain of 3.75 points)
Grade B (made some money)
surprise surprise!
Not today. 🙂
Here comes the EOD ramp. Lordy lordy.
Yahoo Finance's top story today:
http://finance.yahoo.com/news/White-House-Steps…
“The White House believes there's a short window of opportunity to get this done”
I wonder why that is!
Grateful for the explanation so I don't have to wonder as much. Thank you for everything. I will try not to ask so much questions 🙂
SPY trendline that held the market in January has held the market for the last 9 days
http://www.flickr.com/photos/47091634@N04/44607…
I hope they have bottomed