TNA gapped up for the 4th day in a row. Unlike the prior three days, this time the gap was filled. The gap up was 0.5% and TNA closed up 1.1%. Lower High, Higher low.
We are in a Full Moon Trade, which favors TNA. After four days, this trade is up 10.7%.
Volume for TNA has been trending down for 4 days now.
$RVX (VIX for $RUT) closed 2.9% lower with TNA up 1.1%.
TNA has been up 15 of the past 17 days.
The high for TNA today was 27 cents lower than yesterdays $48.98, which was the highest TNA since Oct 21st.
Ultimate Oscillator for TNA peaked at 78 eight trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed closer to the lower band and the lower Bollinger band is **off the chart**. Hard to read, but looks like $RVX is falling again, good for TNA.
Bollinger Bands for $RUT: The candle for $RUT was beside the candle for yesterday, a sideways action after three rising candles. Pulled away from the upper Bollinger Band, indicating that $RUT might be pausing here. Indecisive.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle moved higher, in line with further upside for TNA.
Gapping zones to watch: SPY 112.72-112.85 113.15-113.22 above these 2 zones and it's likely to be a trend day 111.81 -111.90 below this zone and it's likely to be a trend day
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 🙂
that's a great question, I don't place any more importance on 640 vs 600 vs 616, the sequence of MA is more important because of how the market moves between the MA in the sequence, my primary sequence involves the 640
if you remember a while back I spoke about how the controlling trendlines in the market are co-relational to MA with a multiple of 8. You just self-discovered this, if you remember a couple days ago I posted a chart with the controlling trendlines on the daily for the SPX and it showed the one that contained the market in January which is co-relational to the 616 ma and today the controlling TL is in the 1132 region.
The ratio of TNA to TZA is now 6 to 1.
Unreal.
And the beat goes on!!!!!! Nice Post
TNA gapped up for the 4th day in a row. Unlike the prior three days, this time the gap was filled. The gap up was 0.5% and TNA closed up 1.1%. Lower High, Higher low.
We are in a Full Moon Trade, which favors TNA.
After four days, this trade is up 10.7%.
Volume for TNA has been trending down for 4 days now.
$RVX (VIX for $RUT) closed 2.9% lower with TNA up 1.1%.
TNA has been up 15 of the past 17 days.
The high for TNA today was 27 cents lower than yesterdays $48.98, which was the highest TNA since Oct 21st.
Ultimate Oscillator for TNA peaked at 78 eight trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed closer to the lower band and the lower Bollinger band is **off the chart**. Hard to read, but looks like $RVX is falling again, good for TNA.
Bollinger Bands for $RUT: The candle for $RUT was beside the candle for yesterday, a sideways action after three rising candles. Pulled away from the upper Bollinger Band, indicating that $RUT might be pausing here. Indecisive.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle moved higher, in line with further upside for TNA.
http://www.americanbulls.com had TNA as a BUY on Feb 9th, and hold since then. TNA remains a hold for tomorrow.
Overall, it looks like TNA continues to move above an area of congestion and might continue rising tomorrow.
Carl at days end:
1116-1130 estimate today for /ES
1115.50 – 1123.50 actual today
Trades: Bought 1 unit of /ES 1119.50 (up 2.75 right now)
Holding it over night.
Grade: Incomplete
setup for tomorrow:
Gapping zones to watch:
SPY 112.72-112.85
113.15-113.22
above these 2 zones and it's likely to be a trend day
111.81 -111.90
below this zone and it's likely to be a trend day
remember the $SPX 1127.38 gap hasn't been filled
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.
pressure is building…
$TNX: ten year daily
http://www.flickr.com/photos/47091634@N04/44062…
UUP: dollar daily
http://www.flickr.com/photos/47091634@N04/44070…
that's a great question, I don't place any more importance on 640 vs 600 vs 616, the sequence of MA is more important because of how the market moves between the MA in the sequence, my primary sequence involves the 640
if you remember a while back I spoke about how the controlling trendlines in the market are co-relational to MA with a multiple of 8. You just self-discovered this, if you remember a couple days ago I posted a chart with the controlling trendlines on the daily for the SPX and it showed the one that contained the market in January which is co-relational to the 616 ma and today the controlling TL is in the 1132 region.
Hi Sundancer,
Quick Q, you've mentioned tracking moving averages in multiples of 8. Do you place a higher importance on say, 640 vs 600 vs say 616, as an example.
I ask because the 1150 high seems to have bounced off the 616 and is currently at 1132.20.
Thanks in advance.