Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
For all its flaws, I like it. Gives me another perspective, one not based on news (or fear of news), and one that's not naturally bullish or bearish. Plus, what I get is free 🙂
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.
Basically, the candle today resolved nothing, and the possible buy and possible sell of yesterday continue for one more day.
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a White Spinning Top after a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a black candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Black Spinning Top after a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a white candlestick.
MID-DAY MINUTE BY MIKE PAULENOFF: Here's Mike Paulinof today: see end
My educated guess for tomorrow is the following (Mostly about currencies)
Weaker than expected NFP (due to blizzards and forex TV yest said so) about -100K.
Typically the Euro bolts initially in a direction that is opposite to the trend that it establishes for the remainder of the day (Kathy Lien strategy). S&P drops heavily at some point perhaps due to weak employment, watch the Euro follow down.
This is hypothetical folks, but I thought I'd let you know how a really bad trader with no money operates. I'll let you know if I make a killing.
It is that time again — for the bottoming of the 20-25 day cycle in the S&P 500 (SPX). The problem is that since the Feb. 5th pivot low at 1044.50, the ENTIRE cycle has been on the upside — so far. Usually, when a cycle is so lopsided to the upside, the final 1-3 sessions ahead of an anticipated low ushers in some intense weakness. Today is the 18th session off of the 2/05 low. If the current cycle proves to be 21 days in duration, then next Monday we should expect a low. If this cycle is 25 days long (like the Jan-Feb cycle), then the low could be Friday 3/12. With this Friday's Employment Report certain to create intense market volatility, and because it coincides with the “window” for a forthcoming cycle low, Mr. Market could be setting up for a serious bout of weakness starting THIS Friday into early next week.
Alternatively, if the SPX moves straight up into and in reaction to Friday's report, the technical work is warning me to sell into the news ahead of the anticipated cycle low. With the SPX up 6% since the last Employment Report (Feb 5th), the potential for a nasty correction would appear to be gaining steam. Purely from a price perspective, a decline in the SPX that breaks 1115.70 will be my first strong signal that the “downside” of the near-term cycle is in progress.
Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
For all its flaws, I like it. Gives me another perspective, one not based
on news (or fear of news), and one that's not naturally bullish or bearish.
Plus, what I get is free 🙂
They post the performance result based on such method and it sure looks good at first glance. Bail and switch.
So buy TZA if it looks like it will be up and buy TNA if that looks like it will be up?!
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.
The view from Americanbulls
Basically, the candle today resolved nothing, and the possible buy and possible sell of yesterday continue for one more day.
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a White Spinning Top after a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a black candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Black Spinning Top after a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a white candlestick.
It's just a statement of which way this market has been going. UP.
I remember 1 to 1. That was a while ago.
5 to 1 didn't last very long. 7 to 1 seems to be coming soon.
forgot to mention concerning my scenerio below. The Euro bolts up due to weak employment then tanks due to a weakening (?sharply weakening) s&p
MID-DAY MINUTE BY MIKE PAULENOFF:
Here's Mike Paulinof today: see end
My educated guess for tomorrow is the following (Mostly about currencies)
Weaker than expected NFP (due to blizzards and forex TV yest said so) about -100K.
Typically the Euro bolts initially in a direction that is opposite to the trend that it establishes for the remainder of the day (Kathy Lien strategy). S&P drops heavily at some point perhaps due to weak employment, watch the Euro follow down.
This is hypothetical folks, but I thought I'd let you know how a really bad trader with no money operates. I'll let you know if I make a killing.
By Mike Paulenoff, http://www.MPTrader.com
It is that time again — for the bottoming of the 20-25 day cycle in the S&P 500 (SPX). The problem is that since the Feb. 5th pivot low at 1044.50, the ENTIRE cycle has been on the upside — so far. Usually, when a cycle is so lopsided to the upside, the final 1-3 sessions ahead of an anticipated low ushers in some intense weakness. Today is the 18th session off of the 2/05 low. If the current cycle proves to be 21 days in duration, then next Monday we should expect a low. If this cycle is 25 days long (like the Jan-Feb cycle), then the low could be Friday 3/12. With this Friday's Employment Report certain to create intense market volatility, and because it coincides with the “window” for a forthcoming cycle low, Mr. Market could be setting up for a serious bout of weakness starting THIS Friday into early next week.
Alternatively, if the SPX moves straight up into and in reaction to Friday's report, the technical work is warning me to sell into the news ahead of the anticipated cycle low. With the SPX up 6% since the last Employment Report (Feb 5th), the potential for a nasty correction would appear to be gaining steam. Purely from a price perspective, a decline in the SPX that breaks 1115.70 will be my first strong signal that the “downside” of the near-term cycle is in progress.
What do you make of that Earl?