TNA is a HOLD (wait for a possible SELL-IF signal after the close on Friday, for a possible sell at some point Monday). Today was a White Candlestick, indicating a normal up day.
TNA is now up 47% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $54.20.
TZA is a WAIT (wait for a possible BUY-IF signal after the close on Friday, for a possible buy at some point Monday). Today was a Black Candlestick, indicating a normal down day.
TZA is now down 34% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.29.
in the market ***if*** the $VIX closes below 17.95, but i don't think that's going to happen given the operators actions in the $VIX all week
remember on Monday when the operators gapped the vix up 3.5% while the markets opened flat, well that wasn't a coincidence, while the $SPX has climbed higher all week the $VIX hasn't even come close to taking out it's lows since last friday
for those with eagle eye's will also notice the $SPX closed .01 above it's jan. 19 high, even more important the 4:00 tick wasn't 1150.24, it was 1150.07, so the invisible hand came in couple minutes after the close pinned it @ 1150.24, now if they want to be cute on the weekly, a close tomorrow of 1144.99 wouldn't surprise me
Now the $SPX currently has 6 consecutive higher closes than opens and in the last 12 months, no consecutive sequence has made it past 6.
Also important is the $VIX weekly setup that I talked about on Monday, a close below 17.95 tomorrow and the probability increases for a melt up next week as the $VIX since the week of 8/13/07 hasn't ever broke it's consecutive close sequence @ 5.
***if*** we close the month above 1115.10 then the setup is in place for a major monthly reversal, the same parameters were in place during 8/2000 & 10/2007
TNA opened down 1.8%. 2nd down opening in 9 days. Gaps of today and yesterday were filled, and TNA was up 1.3% at the high. TNA closed up 0.9%, but did not make a new high today.
We are in a Full Moon Trade, which favors TNA. After nine days, this trade is up 25%.
Volume for TNA was fairly high (2nd highest in 21 trading days, yesterday was the highest in 21 trading days)
$RVX (VIX for $RUT) closed 1.4% lower with TNA up 0.9%. After 3 days with divergence, no divergence today. Good for TNA.
TNA has been up 20 of the past 22 days.
The high for TNA today was $54.40, 16 cents lower than yesterday (which was the highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 thirteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA. After 3 days with divergence, no divergence today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back. The lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The white candle for $RUT rose as did the rising upper Bollinger Band, indicating that $RUT might continue rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose after 3 days of dropping, and sits mid way between the mid line and the upper Bollinger band. Hard to read, but perhaps indicating that TNA will continue to rise.
A lower high and a lower low are signs of possible TNA weakness.
Overall, it looks like TNA might continue rising tomorrow.
The view from Americanbulls
TNA is a HOLD (wait for a possible SELL-IF signal after the close on Friday, for a possible sell at some point Monday). Today was a White Candlestick, indicating a normal up day.
TNA is now up 47% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $54.20.
TZA is a WAIT (wait for a possible BUY-IF signal after the close on Friday, for a possible buy at some point Monday). Today was a Black Candlestick, indicating a normal down day.
TZA is now down 34% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.29.
Summary: The candles today changed nothing.
in the market ***if*** the $VIX closes below 17.95, but i don't think that's going to happen given the operators actions in the $VIX all week
remember on Monday when the operators gapped the vix up 3.5% while the markets opened flat, well that wasn't a coincidence, while the $SPX has climbed higher all week the $VIX hasn't even come close to taking out it's lows since last friday
“a melt up next week”… in the VIX or the market?
the operators did this charade to the QQQQ's during the 08' top
week of 5/12/08 50.01
week of 5/26/08 50.01
for those with eagle eye's will also notice the $SPX closed .01 above it's jan. 19 high, even more important the 4:00 tick wasn't 1150.24, it was 1150.07, so the invisible hand came in couple minutes after the close pinned it @ 1150.24, now if they want to be cute on the weekly, a close tomorrow of 1144.99 wouldn't surprise me
Now the $SPX currently has 6 consecutive higher closes than opens and in the last 12 months, no consecutive sequence has made it past 6.
Also important is the $VIX weekly setup that I talked about on Monday, a close below 17.95 tomorrow and the probability increases for a melt up next week as the $VIX since the week of 8/13/07 hasn't ever broke it's consecutive close sequence @ 5.
***if*** we close the month above 1115.10 then the setup is in place for a major monthly reversal, the same parameters were in place during 8/2000 & 10/2007
TNA opened down 1.8%. 2nd down opening in 9 days. Gaps of today and yesterday were filled, and TNA was up 1.3% at the high. TNA closed up 0.9%, but did not make a new high today.
We are in a Full Moon Trade, which favors TNA.
After nine days, this trade is up 25%.
Volume for TNA was fairly high (2nd highest in 21 trading days, yesterday was the highest in 21 trading days)
$RVX (VIX for $RUT) closed 1.4% lower with TNA up 0.9%. After 3 days with divergence, no divergence today. Good for TNA.
TNA has been up 20 of the past 22 days.
The high for TNA today was $54.40, 16 cents lower than yesterday (which was the highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 thirteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA. After 3 days with divergence, no divergence today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back. The lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The white candle for $RUT rose as did the rising upper Bollinger Band, indicating that $RUT might continue rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose after 3 days of dropping, and sits mid way between the mid line and the upper Bollinger band.
Hard to read, but perhaps indicating that TNA will continue to rise.
A lower high and a lower low are signs of possible TNA weakness.
Overall, it looks like TNA might continue rising tomorrow.
May be some relief in sight, if you look at this one
http://carolan.org/wp-content/uploads/2010/02/0…
It's good to know Carl is human afterall!
I see that level being hit pretty quickly if some serious volume comes back into the market.
For the end of the month, if we close above 1115, then that is bullish, or bearish?