Very interesting. What does Sun Ritual mean. A down day Monday would probably fool the most people. since it seems it is always pump Mutual Fund Monday.
TZA sure is cheap at $7.69. I need to do my TNA daily post. I always feel more comfortable after I've looked at things from several angles.
Something Dreadwin said — TZA bottoming is a process, rather than a V bottom. Seems like that means there will be several days where TZA can be bought at $7.71 (price change!) before it moves higher. Maybe.
i don't think I would want to be long over the weekend, the SPY currently has 6 consecutive gap ups
for those that have been following my posts for the last month, you've heard me talking about the 1127.38 gap a million times well today it finally got filled
the XLF hit is de-leverage pt. of 15.01 @ the open this morning then went on to it's containment pt. @ 15.22 and closed there, GS also went and tested 2 containment pts. and was rejected by both of them
another Sun ritual was completed today with the $RUT, notice where the closed the index at, I pointed out yesterday that the low of the $SPX yesterday was 1116.66, today the high of FAZ was 16.66, no folks it's not a coincidence
it's also not a coincidence that my handle has Sun in it
Carl at days end:
1126-1140 estimate today for /ES
1126 -1138.75 actual today
Pretty close, for guessing.
Trades: Sold two units of /ES today
In today at 1126.50 out at 1137.50 (gain of 11)
In yesterday at 1119.50 out today at 1137.50 (gain of 16)
Grade: Brilliant
Very interesting. What does Sun Ritual mean. A down day Monday would probably fool the most people. since it seems it is always pump Mutual Fund Monday.
TZA sure is cheap at $7.69. I need to do my TNA daily post. I always feel more comfortable after I've looked at things from several angles.
Something Dreadwin said — TZA bottoming is a process, rather than a V bottom. Seems like that means there will be several days where TZA can be bought at $7.71 (price change!) before it moves higher. Maybe.
i don't think I would want to be long over the weekend, the SPY currently has 6 consecutive gap ups
for those that have been following my posts for the last month, you've heard me talking about the 1127.38 gap a million times well today it finally got filled
the XLF hit is de-leverage pt. of 15.01 @ the open this morning then went on to it's containment pt. @ 15.22 and closed there, GS also went and tested 2 containment pts. and was rejected by both of them
another Sun ritual was completed today with the $RUT, notice where the closed the index at, I pointed out yesterday that the low of the $SPX yesterday was 1116.66, today the high of FAZ was 16.66, no folks it's not a coincidence
it's also not a coincidence that my handle has Sun in it
Nice Job.
update 4:01 est
I know the operators too damn well
XLF closed @ 15.22
GS HOD was .06 above the purple line and closed below both the brown & purple lines
When you ppsted his stuff this morning I was thinking the same thing. TZA is tempting at this level?
Nope. Watched like a dummy.
Had it in my head that this big surge wasn't going to happen. Not sure where the notion came from, but it kept me on the sidelines.
I remember thinking: What is Carl doing?
Answer: he was doing just fine.
Did you buy TNA today?
Carl sold both units /ES at 1137.25