This is so very strange. The DJIA has to get it up but the other indexes have to stay cool so the divergence is growing between them. Very odd that one can move up while the others are stagnant.
Thank you – I follow the $NYMO. We are at similar levels on the $NYMO as we were on at the beginning of Jan. before the fall but it looks like we could still bounce around before plunging through the 0 line. Coincides with Dread's charts – might take a week or so to pull out of this. Just hope we don't close higher on the SPX. If/when we get to an oversold reading on the $NYMO, I will have to cover.
June S&P E-mini Futures: Today's range estimate is 1155 – 1170. I think a move to 1200 is underway. First upside target is 1175.
1147.75 -1163.25 actual yesterday (15.50 points) 1164.75 (last night's high) 1155-1170 estimate for today (15 points) 1163.50 currently, so estimate is -8.50 to +6.50 from here (neutral)
TNA has a BUY-IF (buy tomorrow if conditions are right) signal today. The candlestick today was a Long White Candlestick (strong buying pressure). The last two candlesticks formed a Bullish Piercing Line Pattern – a highly reliable bullish reversal pattern.
AmericanBulls has TNA up 0.04% since the sell yesterday.
TZA has a SELL-IF (sell tomorrow if conditions are right) signal today. The candlestick today was a Long Black Candlestick (strong selling pressure). The last two candlesticks formed a Bearish Dark Cloud Cover Pattern – a highly reliable bearish reversal pattern.
AmericanBulls has TZA down 0.28% since the buy yesterday.
Summary of $RUT based ETFs: BUY-IF: IWM (1x), UWM (2x), TNA (3x) SELL-IF: RWM (-1x), TWM (-2x), TZA (-3x)
Action for tomorrow: Possible buy of TNA, possible sell of TZA
the $DJI is the only index that hasn't tested the high of it's 10/08' candle yet, which is coincidentally @ 10,882.52
the SPY 117.773 tick from friday may come into play
This is so very strange. The DJIA has to get it up but the other indexes have to stay cool so the divergence is growing between them. Very odd that one can move up while the others are stagnant.
AAPL still not making new highs. Unbelievable.
Thank you – I follow the $NYMO. We are at similar levels on the $NYMO as we were on at the beginning of Jan. before the fall but it looks like we could still bounce around before plunging through the 0 line. Coincides with Dread's charts – might take a week or so to pull out of this. Just hope we don't close higher on the SPX. If/when we get to an oversold reading on the $NYMO, I will have to cover.
http://stockcharts.com/h-sc/ui?s=$nymo
$DJI monthly setup
max contain = 10,844.42
http://www.flickr.com/photos/47091634@N04/44565…
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1155 – 1170. I think a move to 1200 is underway. First upside target is 1175.
1147.75 -1163.25 actual yesterday (15.50 points)
1164.75 (last night's high)
1155-1170 estimate for today (15 points)
1163.50 currently, so estimate is -8.50 to +6.50 from here (neutral)
US Steel – X Monthly setup
teal line = 62.78
http://www.flickr.com/photos/47091634@N04/44564…
Chesapeake Energy – CHK Monthly Setup
rejected @ max contain ($27)
purple line = 17
http://www.flickr.com/photos/47091634@N04/44572…
Intel – INTC monthly setup
max contain on monthly = 22.30
http://www.flickr.com/photos/47091634@N04/44572…
Microsoft – MSFT monthly setup
short with monthly close below teal(26.68) & purple(27.98)
http://www.flickr.com/photos/47091634@N04/44572…
TZA has a lot going for it right now.
http://www.screencast.com/users/dreadwin/folder…
I went in to DRV because of the more attractive volume action.
The Daily view from Americanbulls
TNA has a BUY-IF (buy tomorrow if conditions are right) signal today. The candlestick today was a Long White Candlestick (strong buying pressure). The last two candlesticks formed a Bullish Piercing Line Pattern – a highly reliable bullish reversal pattern.
AmericanBulls has TNA up 0.04% since the sell yesterday.
TZA has a SELL-IF (sell tomorrow if conditions are right) signal today. The candlestick today was a Long Black Candlestick (strong selling pressure). The last two candlesticks formed a Bearish Dark Cloud Cover Pattern – a highly reliable bearish reversal pattern.
AmericanBulls has TZA down 0.28% since the buy yesterday.
Summary of $RUT based ETFs:
BUY-IF: IWM (1x), UWM (2x), TNA (3x)
SELL-IF: RWM (-1x), TWM (-2x), TZA (-3x)
Action for tomorrow: Possible buy of TNA, possible sell of TZA