Thanks Joe… it gets tiresome at times, but I try to throw something together. Mostly just my thoughts, and frustration about this market and life in general. Glad to see that people still enjoy it.
TNA opened up 0.3%. 7th up opening in 8 days. Left a 5 cent gap and was up 4.1% at the high. TNA closed up 2.5%.
We are in a Full Moon Trade, which favors TNA. After eight days, this trade is up 23.9%.
Volume for TNA was fairly high (highest in 20 trading days)
$RVX (VIX for $RUT) closed 2.3% higher with TNA up 2.5%. 3rd divergence in a row, as these normally go in different directions.
TNA has been up 19 of the past 21 days.
The high for TNA today was $54.56, highest high since November of 2008
Ultimate Oscillator for TNA peaked at 78 twelve trading days ago and has generally fallen since then but has remained above 50 and is currently 64. Indicating continued strength for TNA. There was a divergence as the Ultimate Oscillator dropped nearly 5 points while TNA rose 2.5%, but that sort of divergence happened last week and TNA continued to rise. Three days in a row for this divergence, but the size of the divergences is growing. Surely, this means TNA is in thin air here, and may fall soon.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed higher & farther from the lower band and the lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX is rising, bad for TNA. This very thing happened last week and TNA kept rising. 3rd day in a row for this. Thin air.
Bollinger Bands for $RUT: The white candle for $RUT rose along side the rising upper Bollinger Band, indicating that $RUT is rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle dropped, the 3nd such drop in 11 trading days, and 3rd day in a row. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow (same warning for 3 days now).
Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow. Divergences keep stacking up to the point of weird, but TNA keeps rising.
Refresh your page… and don't worry, I'll never give up.
Nah – your time will come Red. Don't worry and don't give up.
Thanks Joe… it gets tiresome at times, but I try to throw something together. Mostly just my thoughts, and frustration about this market and life in general. Glad to see that people still enjoy it.
Maybe I should have been a writer then… it probably pays better then this stock market does. LOL
Love your commentary – thank you Red.
nice write up Red, thanks for your feedback
Take care
Joe
TNA opened up 0.3%. 7th up opening in 8 days. Left a 5 cent gap and was up 4.1% at the high. TNA closed up 2.5%.
We are in a Full Moon Trade, which favors TNA.
After eight days, this trade is up 23.9%.
Volume for TNA was fairly high (highest in 20 trading days)
$RVX (VIX for $RUT) closed 2.3% higher with TNA up 2.5%. 3rd divergence in a row, as these normally go in different directions.
TNA has been up 19 of the past 21 days.
The high for TNA today was $54.56, highest high since November of 2008
Ultimate Oscillator for TNA peaked at 78 twelve trading days ago and has generally fallen since then but has remained above 50 and is currently 64. Indicating continued strength for TNA. There was a divergence as the Ultimate Oscillator dropped nearly 5 points while TNA rose 2.5%, but that sort of divergence happened last week and TNA continued to rise. Three days in a row for this divergence, but the size of the divergences is growing. Surely, this means TNA is in thin air here, and may fall soon.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed higher & farther from the lower band and the lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX is rising, bad for TNA. This very thing happened last week and TNA kept rising. 3rd day in a row for this. Thin air.
Bollinger Bands for $RUT: The white candle for $RUT rose along side the rising upper Bollinger Band, indicating that $RUT is rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle dropped, the 3nd such drop in 11 trading days, and 3rd day in a row. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow (same warning for 3 days now).
Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow. Divergences keep stacking up to the point of weird, but TNA keeps rising.
XLF has a date with $15.82
http://www.flickr.com/photos/47091634@N04/44234…
since march 6, 2009 $SPX hasn't had more than 6 consecutive higher closes than opens
What's the record or average for consecutive higher closes then opens?