We almost made it too 116.66 spy today. With all the games they play, I can't imagine them not tagging that level intraday or on a closing print. Then maybe a little selling?
TZA opened down 1.3%. Gap today was quickly filled, and TZA was up 0.6% at the high. TZA closed down 2.3%.
We are in a New Moon Trade, which favors TZA. After one day, this trade is down 2.3%. Should AmericanBulls issue a sell signal, the TZA will be sold. First possible sell signal would be tomorrow.
Volume for TZA was lower than normal (only 3 lower days in the last 16 days).
$RVX (VIX for $RUT) closed down 3.3% with TZA down 2.3%. No divergence.
TZA has now been down 8 of the last 10 days.
The low for TNA today was $7.18. The low last Friday was $7.16, the lowest low since the dawn of civilization.
Ultimate Oscillator for TZA bottomed at 20 seventeen trading days ago and has generally risen since then but has remained below 50 and is currently 32. Indicating continued weakness for TZA. Today’s value was the highest of the last 4 days, so there is a mild Ultimate Oscillator up trend – mildly good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line (20 day MA) and fell back (4th day in a row). Lowest close of the last 6 days. Seems to be in an area of congestion. The lower Bollinger band is rising. MACD has crossed from below. Really hard to read.
Bollinger Bands for $RUT: The white candle for $RUT moved up today, along with the upper Bollinger Band, indicating that $RUT might rise tomorrow. $RUT hit a new high today. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose to the top of the congestion area. The upper Bollinger band remains flat. Perhaps indicating that TZA will fall.
TZA had a lower high, lower low and lower close – all bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
The UUP setup is a long term setup and will tell market participants when there is a top in equities, last year on May 19,20 the UUP broke through all containment pts signaling to market participants that any downward movement would be corrective. Right now it would need closes above the 24.25 level.
1143-1158 estimate today for /ES (15 points, June contract) 1145.50 -1155.75 actual today (10.25 points) Pretty close.
Trades: In /ES at 1139.25 yesterday, sold today at 1150.75 (gain of 11.50) In /ES at 1147.75 today, sold at 1150.75 (gain of 3.00) In /ES at 1151.25 today, sold at 1154.75 (gain of 3.50)
We almost made it too 116.66 spy today. With all the games they play, I can't imagine them not tagging that level intraday or on a closing print. Then maybe a little selling?
IYR arrived @ it's next containment pt. @ the close
http://www.flickr.com/photos/47091634@N04/44385…
TZA opened down 1.3%. Gap today was quickly filled, and TZA was up 0.6% at the high. TZA closed down 2.3%.
We are in a New Moon Trade, which favors TZA.
After one day, this trade is down 2.3%. Should AmericanBulls issue a sell signal, the TZA will be sold. First possible sell signal would be tomorrow.
Volume for TZA was lower than normal (only 3 lower days in the last 16 days).
$RVX (VIX for $RUT) closed down 3.3% with TZA down 2.3%. No divergence.
TZA has now been down 8 of the last 10 days.
The low for TNA today was $7.18. The low last Friday was $7.16, the lowest low since the dawn of civilization.
Ultimate Oscillator for TZA bottomed at 20 seventeen trading days ago and has generally risen since then but has remained below 50 and is currently 32. Indicating continued weakness for TZA. Today’s value was the highest of the last 4 days, so there is a mild Ultimate Oscillator up trend – mildly good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line (20 day MA) and fell back (4th day in a row). Lowest close of the last 6 days. Seems to be in an area of congestion. The lower Bollinger band is rising. MACD has crossed from below. Really hard to read.
Bollinger Bands for $RUT: The white candle for $RUT moved up today, along with the upper Bollinger Band, indicating that $RUT might rise tomorrow. $RUT hit a new high today. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose to the top of the congestion area. The upper Bollinger band remains flat. Perhaps indicating that TZA will fall.
TZA had a lower high, lower low and lower close – all bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks like TZA might fall tomorrow.
***the XLF can print prices higher than 15.82, that price just terminates my setup
$RUT closed pennies away from the $679.75 level
The UUP setup is a long term setup and will tell market participants when there is a top in equities, last year on May 19,20 the UUP broke through all containment pts signaling to market participants that any downward movement would be corrective. Right now it would need closes above the 24.25 level.
all I know is numbers, AAPL's regulator has not changed since I started crunching it's numbers back in the summer of 2006
AAPL is dancing with it's weekly controlling TL
http://www.flickr.com/photos/47091634@N04/44391…
I HATE YOU CARL!!! J/K 🙂 I think Carl must work at GS!
But, if I am understanding you correctly, we also need UUP to close above 23.75. $RUT looks like it closed at containment, no?
Carl at day’s end:
1143-1158 estimate today for /ES (15 points, June contract)
1145.50 -1155.75 actual today (10.25 points)
Pretty close.
Trades:
In /ES at 1139.25 yesterday, sold today at 1150.75 (gain of 11.50)
In /ES at 1147.75 today, sold at 1150.75 (gain of 3.00)
In /ES at 1151.25 today, sold at 1154.75 (gain of 3.50)
Grade A
it may be worth pointing out that termination of a bullish setup is not equivalent to the beginning of a bearish setup.