As I write this, /ES is 1135.50, which puts Carl down 3 points. I've seen Carl stopped at a 3 point loss before, but no idea if he has a stop on this one.
In his latest post, he says For the time being I see support in the 1131-33 range.
I marked /NQ and /ES at the end of the after hours session, and both are (as I write this) at or a bit below those levels.
Things can indeed get worse, but right now it doesn't fell like an ugly open for tomorrow.
TNA is a HOLD (wait for a possible SELL-IF signal after the close on Tuesday, for a possible sell at some point Wednesday). Today was a White Spinning Top, indicating a normal up day. TNA is now up 40% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $51.79.
TZA is a WAIT (wait for a possible BUY-IF signal after the close on Tuesday, for a possible buy at some point Wednesday). Today was a Black Spinning Top, indicating a normal down day. TZA is now down 30% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.66.
I did some quick calculations before the bell on Friday, and it seemed like TZA calls were pricing in a move up, whereas SRS calls were not. We'll see how this goes… it is a really small position that I took.
TNA opened up (7 cents this time) for the 6th day in a row. TNA closed up 0.6%.
We are in a Full Moon Trade, which favors TNA. After six days, this trade is up 16.3%.
Volume for TNA was the lowest since Jan 8th (39 trading days)
$RVX (VIX for $RUT) closed 4.0% higher with TNA up 0.6%. A divergence, as these normally go in different directions.
TNA has been up 17 of the past 19 days.
The high for TNA today was $52.26, highest high since November of 2008
Ultimate Oscillator for TNA peaked at 78 nine trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA. There was a bit of a divergence as the Ultimate Oscillator dropped 3 points while TNA rose 0.6%, but that sort of divergence happened last week and TNA continued to rise.
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.
Bollinger Bands for $RUT: The small 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 small doji candle dropped, the first such drop in 9 trading days. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow.
Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow.
Monica,
As I write this, /ES is 1135.50, which puts Carl down 3 points. I've seen Carl stopped at a 3 point loss before, but no idea if he has a stop on this one.
In his latest post, he says
For the time being I see support in the 1131-33 range.
I marked /NQ and /ES at the end of the after hours session, and both are (as I write this) at or a bit below those levels.
Things can indeed get worse, but right now it doesn't fell like an ugly open for tomorrow.
Monica… that's not nice for a lady to say. (ROFLMAO)
Looks like Carl might have to take it up the #&*&#*! tomorrow. He can't be right everyday, can he?!
The view from Americanbulls
TNA is a HOLD (wait for a possible SELL-IF signal after the close on Tuesday, for a possible sell at some point Wednesday). Today was a White Spinning Top, indicating a normal up day. TNA is now up 40% since the buy signal on Feb 9th. TNA was $36.69 at the time, and closed today at $51.79.
TZA is a WAIT (wait for a possible BUY-IF signal after the close on Tuesday, for a possible buy at some point Wednesday). Today was a Black Spinning Top, indicating a normal down day. TZA is now down 30% since the sell signal on Feb 9th. TZA was $11.04 at the time, and closed today at $7.66.
Summary: The candles today changed nothing.
I did some quick calculations before the bell on Friday, and it seemed like TZA calls were pricing in a move up, whereas SRS calls were not. We'll see how this goes… it is a really small position that I took.
TNA opened up (7 cents this time) for the 6th day in a row. TNA closed up 0.6%.
We are in a Full Moon Trade, which favors TNA.
After six days, this trade is up 16.3%.
Volume for TNA was the lowest since Jan 8th (39 trading days)
$RVX (VIX for $RUT) closed 4.0% higher with TNA up 0.6%. A divergence, as these normally go in different directions.
TNA has been up 17 of the past 19 days.
The high for TNA today was $52.26, highest high since November of 2008
Ultimate Oscillator for TNA peaked at 78 nine trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA. There was a bit of a divergence as the Ultimate Oscillator dropped 3 points while TNA rose 0.6%, but that sort of divergence happened last week and TNA continued to rise.
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.
Bollinger Bands for $RUT: The small 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 small doji candle dropped, the first such drop in 9 trading days. Not sure what to make of this. Perhaps this indicates TNA might drop tomorrow.
Overall, it looks like TNA continues to distance itself from any congestion and might continue rising tomorrow.
Carl at days end:
1131-1145 estimate today for /ES (14 points)
1136 -1140.50 actual today (4.5 points)
range today was within 2-3 points of Carl's midpoint
Trades: Bought 1 unit of /ES at 1138.50
Did not sell it.
Grade: incomplete
SPY danced with it's containment pt. for a whopping 9 minutes today, I'll talk about downside de-leverage points tomorrow
the $SPX 1131.56 gap left @ 10:10 on friday tells you all you need to know
Wow… up .01 cents on the SPY, with 105 million shares traded. That's got to be a record for the lowest volume this year.
Either we are going to explode much higher or sell off big… as something is certainly brewing…