We are in a Full Moon Trade, which favors TNA. After two days, this trade is up 7.5%.
Volume today for TNA was a bit higher than normal for these past 12 days.
$RVX (VIX for $RUT) closed 1.5% higher with TNA up 2.4%. A bit of a divergence (they should go different directions) and possibly bad for TNA.
TNA has been up 13 of the past 15 days.
Ultimate Oscillator for TNA peaked at 78 seven trading days ago and has generally fallen since then but has remained above 50 and is currently 68. Indicating continued strength for TNA.
However, TNA today closed 7% 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 2.4% today, but the Ultimate Oscillator dropped from 68.8 to 68.3 – a bit of a divergence.
Bollinger Bands for $RVX (VIX for $RUT): today’s green candle closed farther from the lower band and the lower Bollinger band dropped, — indicating that $RVX could rise tomorrow, bad for TNA.
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 inside yesterdays candle, quite a contrast from prior days rising candles. This is a reflection of the divergence between $RVX & $RUT.
Overall, it looks like TNA continues to move above an area of congestion and might continue rising tomorrow. The divergences are bothersome and might be warning of a reversal tomorrow.
the operators make me laugh, the $DJI closed it's 15:57 3 min candle @ 10,401.52 and then magically 1 minute after the close the $DJI settles @ 10,405.98. So given the above setup, it tells you the operators want all the buying power they can get from the algos with this sequence setup.
Leo — I've taken the opposite approach. I don't even look at the monthly charts anymore. We are in a liquidity fueled market since 2009. The longest duration charts I look at are weekly charts or a long string of dailies to see relative overbought/oversold conditions.
Americanbulls.com view:
TZA is a WAIT (for a buy signal). TZA is down 23.82% since the sell signal on Feb 9th.
TNA is a HOLD (for a sell signal). TNA is up 29.16% since the buy signal on Feb 9th.
Sundancer hard to read your resistent tgt – what is it on IYR?
snapshot of the IYR (real estate)
http://www.flickr.com/photos/47091634@N04/44018…
TNA gapped up 1.2% and closed up 2.4%.
We are in a Full Moon Trade, which favors TNA.
After two days, this trade is up 7.5%.
Volume today for TNA was a bit higher than normal for these past 12 days.
$RVX (VIX for $RUT) closed 1.5% higher with TNA up 2.4%. A bit of a divergence (they should go different directions) and possibly bad for TNA.
TNA has been up 13 of the past 15 days.
Ultimate Oscillator for TNA peaked at 78 seven trading days ago and has generally fallen since then but has remained above 50 and is currently 68. Indicating continued strength for TNA.
However, TNA today closed 7% 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 2.4% today, but the Ultimate Oscillator dropped from 68.8 to 68.3 – a bit of a divergence.
Bollinger Bands for $RVX (VIX for $RUT): today’s green candle closed farther from the lower band and the lower Bollinger band dropped, — indicating that $RVX could rise tomorrow, bad for TNA.
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 inside yesterdays candle, quite a contrast from prior days rising candles. This is a reflection of the divergence between $RVX & $RUT.
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 divergences are bothersome and might be warning of a reversal tomorrow.
Carl at days end:
1113-1128 Todays estimate range for /ES
1115.25-1122.75 Todays actual range
Today stayed in Carls range by several points bottom & top.
Carl owns one unit of /ES at 1098.50 since last Friday
It's up 19.50 at the moment.
All in all a good day for Carl. Grade: A
the operators make me laugh, the $DJI closed it's 15:57 3 min candle @ 10,401.52 and then magically 1 minute after the close the $DJI settles @ 10,405.98. So given the above setup, it tells you the operators want all the buying power they can get from the algos with this sequence setup.
Dread, another typical day.
Leo — I've taken the opposite approach. I don't even look at the monthly charts anymore. We are in a liquidity fueled market since 2009. The longest duration charts I look at are weekly charts or a long string of dailies to see relative overbought/oversold conditions.
Here's some interesting numbers on the $DJI
IF the $DJI closes above 10,404.16 today, it will have 3 consecutive higher closes than opens
The last 6 times the $DJI had 3 consecutive higher closes than opens it went onto a 4th consecutive higher close than open
Orange trendline comes in @ SPY 113.62 today