TZA opened up 0.2%. Gap today was filled, and TZA was up 3.1% at the high. TZA closed up 0.8%.
We are in a New Moon Trade, which favors TZA, starting at the close today. The plan is to wait for a BUY signal from AmericanBulls on TZA before starting this trade.
Volume for TZA was normal
$RVX (VIX for $RUT) closed 2.1% higher with TZA up 0.8%. Good for TZA.
TZA was slightly up today, up now for 2 days in a row. Before this, had been down 9 days in a row.
The low for TNA today was $7.28. The low yesterday was $7.16, the lowest low ever.
Ultimate Oscillator for TZA bottomed at 20 sixteen trading days ago and has generally risen since then but has remained below 50 and is currently 31. Indicating continued weakness for TZA. There are many days in the last sixteen trading days with divergences, it really is a mess to figure out.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line (20 day MA) and fell back (3rd day in a row). Closed higher today but seems to in an area of congestion. The lower Bollinger band is rising. Looks like $RVX might be rising, which is good for TZA.
Bollinger Bands for $RUT: The black candle for $RUT moved down today, farther from the upper Bollinger Band, indicating that $RUT might pause here or continue falling. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle fell into an area of congestion, away from the flat upper Bollinger band. Perhaps indicating that TZA will continue to rise.
TZA had a higher high, higher low and higher close – good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
AmericanBulls gave a BUY on TZA just now. I would have done as well waiting for this signal as I did getting a jump on it last Friday.
The view from Americanbulls
TNA is a SELL (Sell confirmed today). The candlestick of today was a High Wave (loss of a sense of direction and much indecision in the market).
TNA was up 46% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $53.65.
TZA is a BUY (Buy confirmed today). The candlestick of today was White Spinning Top (complete indecision between the Bulls & Bears).
TZA was down 33% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.38.
Summary: Sell TNA, Buy TZA.
I got stopped out when TZA dipped below the pivot line, but got back in when it bounced. Am holding mine over night.
Much more fun if TZA would stay away from the pivot line.
I went in and out of TZA twice. I am holding some overnight. How about you.
TZA opened up 0.2%. Gap today was filled, and TZA was up 3.1% at the high. TZA closed up 0.8%.
We are in a New Moon Trade, which favors TZA, starting at the close today.
The plan is to wait for a BUY signal from AmericanBulls on TZA before starting this trade.
Volume for TZA was normal
$RVX (VIX for $RUT) closed 2.1% higher with TZA up 0.8%. Good for TZA.
TZA was slightly up today, up now for 2 days in a row. Before this, had been down 9 days in a row.
The low for TNA today was $7.28. The low yesterday was $7.16, the lowest low ever.
Ultimate Oscillator for TZA bottomed at 20 sixteen trading days ago and has generally risen since then but has remained below 50 and is currently 31. Indicating continued weakness for TZA. There are many days in the last sixteen trading days with divergences, it really is a mess to figure out.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line (20 day MA) and fell back (3rd day in a row). Closed higher today but seems to in an area of congestion. The lower Bollinger band is rising. Looks like $RVX might be rising, which is good for TZA.
Bollinger Bands for $RUT: The black candle for $RUT moved down today, farther from the upper Bollinger Band, indicating that $RUT might pause here or continue falling. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle fell into an area of congestion, away from the flat upper Bollinger band. Perhaps indicating that TZA will continue to rise.
TZA had a higher high, higher low and higher close – good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks like TZA might rise tomorrow.
I remember that last year when Mole was buying all those March puts. I'd hope he sold them a long time ago. I'm sure they are worthless now.
Money is flowing back into the market. Not good for bears. Bears are fighting a setup with a historical record of 9 to 1 against them. Lousy odds.
On a side note, I wonder what has Mole done with all the March 10 puts he had been accumulating last year. I hope he doesnt get wiped out.
TNA opened down 0.1%. TNA was up 0.4% at the high and closed down 0.7%.
The Full Moon Trade ends today.
After eleven days, this trade is up 23%.
I know that it coincides with the 14:33 gap but does it mean then that they can take the $SPX higher now without having to “really” fill that Gap?
Carl at day’s end:
1136-1148 estimate today for /ES (12 points, June Expiry)
1136.50 -1146.50 actual today (10.0 points)
Pretty close.
Trades:
In /ES at 1139.25 hasn’t sold, currently 1145.50 (up 6.25)
Grade: B