As I see it, there is the human side of this, and the automated side.
They run programs after the close to calculate the automated after-the-fact view of things.
After the close, it's pretty easy to see whether taking action at the open (or the close or any where really) is a good idea or not. In that respect, they make themselves look pretty smart, and avoid looking foolish.
Not real honest. And not exactly what a human could hope to accomplish.
Correct me if I am wrong. The way I understand it, AmericanBull uses the opening price as their execution price. But their BUY-IF and SELL-IF confirmations are based on post opening analysis. How on earth can you buy at the Open, AFTER the open? What am I missing?
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a red candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a green candlestick.
TNA gapped up for the 3rd day in a row. The gap up was 1.3% and TNA closed up 1.3%. TNA was up 3.2% today at its peak.
We are in a Full Moon Trade, which favors TNA. After three days, this trade is up 9.7%.
Volume today for TNA was roughly normal for these past 13 days.
$RVX (VIX for $RUT) closed 0.1% higher with TNA up 1.3%. A tiny bit of a divergence (they should go different directions) and possibly bad for TNA, for the 2nd day in a row.
TNA has been up 14 of the past 16 days.
The high for TNA today was $48.98, 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 66. Indicating continued strength for TNA.
However, TNA today closed 8% higher than that day with the peak Ultimate Oscillator value. A higher close with a lower Ultimate Oscillator value might be seen as negative divergence indicating that TNA is due to fall.
Also, TNA was up 1.3% today, but the Ultimate Oscillator dropped from 68.3 to 66.9 – a bit of a divergence & the 2nd day in a row for such a divergence.
Bollinger Bands for $RVX (VIX for $RUT): today’s doji candle closed farther from the lower band and the lower Bollinger band dropped **off the chart**. Since the candle was a doji and the bottom of the band can’t be seen, best to call this indecisive.
Bollinger Bands for $RUT: $RUT rose to near the upper Bollinger Band, but that upper band rose today, indicating that $RUT could rise again tomorrow, favoring TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle was a doji (sort of), and remained in the area of the prior two candles. Best to call this indecisive.
Overall, it looks like TNA continues to move above an area of congestion and might continue rising tomorrow. The doji and the divergences seem to be warning of a possible reversal tomorrow.
I agree. I'm still 100% short. Just using the day trading buying power to try to stay afloat. I close out those positions at the end of every day. But we could top anywhere from here to next Wednesday IMHO. If we go higher after that, I really become skeptical.
Earl, are you still in TNA
Carl just now;
March S&P E-mini Futures: Today's range estimate is again 1116-1130. I expect the market to reach 1200 over the next three months.
1116-1130 estimate today and yesterday
from here (1120.50) that's -4.5 to +9.5
Carl was flat overnight
$SPX 60 min chart
http://www.flickr.com/photos/47091634@N04/44057…
Yesterday afternoons reaction again backtested the controlling trendline that the market has been dancing with since 1/22/2010
with yesterday afternoons sell off that makes 2 consecutive afternoon sell offs, if we get one today then the probability of a trend week increases
But then again, humans can decide when to play and when not to play. Or whether to play small or go large.
That should allow a human to do better then americanbulls, even when the entries and exits are not perfect.
I don't think you are missing anything 🙂
As I see it, there is the human side of this, and the automated side.
They run programs after the close to calculate the automated after-the-fact view of things.
After the close, it's pretty easy to see whether taking action at the open (or the close or any where really) is a good idea or not. In that respect, they make themselves look pretty smart, and avoid looking foolish.
Not real honest. And not exactly what a human could hope to accomplish.
Correct me if I am wrong. The way I understand it, AmericanBull uses the opening price as their execution price. But their BUY-IF and SELL-IF confirmations are based on post opening analysis. How on earth can you buy at the Open, AFTER the open? What am I missing?
Americanbulls.com view:
TNA is a SELL-IF (sell tomorrow if conditions are right). Today and yesterday formed a Bearish (Doji) Star Pattern. Sell TNA tomorrow when it seems likely that TNA will close with a down day and with a red candlestick.
TZA is a BUY-IF (buy tomorrow if conditions are right). Today and yesterday formed a Bullish (Doji) Star Pattern. Buy TZA tomorrow when it seems likely that TZA will close with an up day and with a green candlestick.
My chart:
http://www.screencast.com/users/dreadwin/folder…
Go to stockcharts, add bollinger bands and watch the ratio of $RUT:$RVX.
TNA gapped up for the 3rd day in a row. The gap up was 1.3% and TNA closed up 1.3%. TNA was up 3.2% today at its peak.
We are in a Full Moon Trade, which favors TNA.
After three days, this trade is up 9.7%.
Volume today for TNA was roughly normal for these past 13 days.
$RVX (VIX for $RUT) closed 0.1% higher with TNA up 1.3%. A tiny bit of a divergence (they should go different directions) and possibly bad for TNA, for the 2nd day in a row.
TNA has been up 14 of the past 16 days.
The high for TNA today was $48.98, 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 66. Indicating continued strength for TNA.
However, TNA today closed 8% higher than that day with the peak Ultimate Oscillator value. A higher close with a lower Ultimate Oscillator value might be seen as negative divergence indicating that TNA is due to fall.
Also, TNA was up 1.3% today, but the Ultimate Oscillator dropped from 68.3 to 66.9 – a bit of a divergence & the 2nd day in a row for such a divergence.
Bollinger Bands for $RVX (VIX for $RUT): today’s doji candle closed farther from the lower band and the lower Bollinger band dropped **off the chart**. Since the candle was a doji and the bottom of the band can’t be seen, best to call this indecisive.
Bollinger Bands for $RUT: $RUT rose to near the upper Bollinger Band, but that upper band rose today, indicating that $RUT could rise again tomorrow, favoring TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle was a doji (sort of), and remained in the area of the prior two candles. Best to call this indecisive.
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. The doji and the divergences seem to be warning of a possible reversal tomorrow.
I agree. I'm still 100% short. Just using the day trading buying power to try to stay afloat. I close out those positions at the end of every day. But we could top anywhere from here to next Wednesday IMHO. If we go higher after that, I really become skeptical.