TNA is a SELL-IF (Sell on Monday if conditions are met). The candlesticks of yesterday and today combined to form a Bearish Meeting Lines Pattern (a bearish reversal that requires confirmation). Basically, sell on Monday if it appears likely that the close will generate a black candlestick.
TNA is now up 47% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $54.14.
TZA is a BUY-IF (Buy on Monday if conditions are met). The candlesticks of yesterday and today combined to form a Bullish Meeting Lines Pattern (a bullish reversal that requires confirmation). Basically, buy on Monday if it appears likely that the close will generate a white candlestick.
TZA is now down 33% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.30.
Summary: Possible reversal confirmations on Monday.
TNA opened up 1.6%. 8th up opening in 10 days. Gap today was filled, and TNA was up 1.6% at the high. TNA closed down 0.2%.
We are in a Full Moon Trade, which favors TNA. After ten days, this trade is up 24%.
Volume for TNA was fairly high (3rd highest in 13 trading days)
$RVX (VIX for $RUT) closed 0.8% lower with TNA down 0.2%. A small divergence. A little bit good for TNA.
TNA was slightly down today, before this had been up 20 of the past 22 days.
The high for TNA today was $55.10, highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 fourteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back (2nd day in a row). The lower Bollinger band is rising. Looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The black candle for $RUT moved farther from the rising upper Bollinger Band, indicating that $RUT might pause here or begin falling. Not good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose again moving toward the upper Bollinger band. Hard to read as the upper band is off the chart, but perhaps indicating that TNA will continue to rise.
In spite of closing lower today, TNA had a higher high and a higher low – good for TNA.
The TNA candlestick today seems to imply a down day for TNA on Monday. I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks like TNA might fall Monday. (Candlestick trumps everything else)
Sundancer, each indice also closed with 3 6's in them (if you turn the 9s upside down), and the last two digits on each of them were a 6 or a 9. Quite eerie.
sequence in RIMM
88.08 – high
35.05 – low
53.03 – diff-high/low
SPY : RIMM co-relational move
http://www.flickr.com/photos/47091634@N04/44297…
IWM co-relational volume:
2/05/10 19,299,440 9:30 60 min print
3/12/10 19,381,466 9:30 60 min print
Oh boy Sundancer, I fear that we may close the vix below 17.95 today which means a melt up in the SPY next week, correct? What if we close on 17.95?
The view from Americanbulls
TNA is a SELL-IF (Sell on Monday if conditions are met). The candlesticks of yesterday and today combined to form a Bearish Meeting Lines Pattern (a bearish reversal that requires confirmation). Basically, sell on Monday if it appears likely that the close will generate a black candlestick.
TNA is now up 47% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $54.14.
TZA is a BUY-IF (Buy on Monday if conditions are met). The candlesticks of yesterday and today combined to form a Bullish Meeting Lines Pattern (a bullish reversal that requires confirmation). Basically, buy on Monday if it appears likely that the close will generate a white candlestick.
TZA is now down 33% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.30.
Summary: Possible reversal confirmations on Monday.
***if*** there is a gap down on monday, it's going to create some interesting setups
GS-daily chart
http://www.flickr.com/photos/47091634@N04/44282…
nice post
TNA opened up 1.6%. 8th up opening in 10 days. Gap today was filled, and TNA was up 1.6% at the high. TNA closed down 0.2%.
We are in a Full Moon Trade, which favors TNA.
After ten days, this trade is up 24%.
Volume for TNA was fairly high (3rd highest in 13 trading days)
$RVX (VIX for $RUT) closed 0.8% lower with TNA down 0.2%. A small divergence. A little bit good for TNA.
TNA was slightly down today, before this had been up 20 of the past 22 days.
The high for TNA today was $55.10, highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 fourteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back (2nd day in a row). The lower Bollinger band is rising. Looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The black candle for $RUT moved farther from the rising upper Bollinger Band, indicating that $RUT might pause here or begin falling. Not good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose again moving toward the upper Bollinger band. Hard to read as the upper band is off the chart, but perhaps indicating that TNA will continue to rise.
In spite of closing lower today, TNA had a higher high and a higher low – good for TNA.
The TNA candlestick today seems to imply a down day for TNA on Monday. I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks like TNA might fall Monday. (Candlestick trumps everything else)
Sundancer, each indice also closed with 3 6's in them (if you turn the 9s upside down), and the last two digits on each of them were a 6 or a 9. Quite eerie.
Hmmm. Satan behind the markets then