Red

User banner image
User avatar
  • Red

User Comments

... gcocks83

Great move good for you. I have some spy calls that are doing well. But that is it.

... Earl of

Feels like I am really pushing this TNA to and beyond it's limits.

Well, not me. Somebody.

... Earl of

Got into TNA right before the open.

Seems to be going up again.

... gcocks83

What are you in?

... Red Dragon Leo

At this point… I don't know if we are ever going to go down?

... Earl of

Carl is Long one unit /ES at 1140.75

... Earl of

Carl just now:

March S&P E-mini Futures: Today's range estimate is 1136-1150. I expect the market to reach 1200 over the next three months. Remember that activity will begin to move into the June contract at tomorrow's pit opening.

1131-1145 Yesterdays estimate range for /ES (14 pt range)
1136-1150 Todays estimate (14 point range)
1139.50 now, so -3.5 to +10.5 from here

Not real sure what “activity will begin to move into the June contract at tomorrow's pit opening” means.

... redvetttes

what your take on option ex. week?

... Earl of

The view from Americanbulls

TNA is a HOLD (wait for a possible SELL-IF signal after the close on Wednesday, for a possible sell at some point Thursday). Today was a White Candlestick, indicating a normal up day. TNA is now up 42% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $52.38.

TZA is a WAIT (wait for a possible BUY-IF signal after the close on Wednesday, for a possible buy at some point Thursday). Today was a Black Candlestick, indicating a normal down day. TZA is now down 31% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.55.

Summary: The candles today changed nothing.

... Earl of

TNA opened down 0.9%. First down open in 7 days. Filled that gap right away and was up 3.3% at the high. TNA closed up 1.1%.

We are in a Full Moon Trade, which favors TNA.
After seven days, this trade is up 17.2%.

Volume for TNA was fairly high (3rd highest in 16 trading days)

$RVX (VIX for $RUT) closed 2.4% higher with TNA up 1.1%. 2nd divergence in a row, as these normally go in different directions.

TNA has been up 18 of the past 20 days.

The high for TNA today was $53.56, highest high since November of 2008

Ultimate Oscillator for TNA peaked at 78 eleven trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA. There was a bit of a divergence as the Ultimate Oscillator dropped 2 points while TNA rose 1.1%, but that sort of divergence happened last week and TNA continued to rise. Two days in a row for this divergence.

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. 2nd day in a row for this.

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 2nd such drop in 10 trading days, and 2nd day in a row. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow (same warning as yesterday).

Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow. Divergences are stacking up, but TNA keeps rising.