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
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.
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
Monica,
I feel pretty good about buying TZA if conditions are right for the buy signal.
Buying TNA here because the sell signal failed feels awkward and iffy and 32% too late. Might work.
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.