Thanks Earl of. Perhaps you should have a TZA/TNA blog! This is the first time you have said that you think TZA might be up so finally I can sleep tonight!
We are in a New Moon Trade (favors TZA). [ After seven days, this trade is DOWN 10.0% ]
Volume today for TZA was about average for the past 7 days.
$RVX (VIX for $RUT) closed 4.1% lower.
TZA was down today and down in 10 of the past 11 days.
Ultimate Oscillator jumped from 30 to 34.5 while TZA fell, which is a divergence possibly warning that TZA might rise tomorrow.
Bollinger Bands for $RVX (VIX for $RUT): the lower BB was touched last Friday, but has moved generally away (up) since then, seemingly indicating that $RVX will be rising (good for TZA).
Bollinger Bands for $RUT: the upper band rose, moving farther away from $RUT, indicating that TNA will continue to fall (good for TZA).
http://www.americanbulls.com had TZA this morning as an unconfirmed buy. As I read it, the TZA buy was not confirmed today (pretty much needed an up day today & didn't get it), and the buy signal may be confirmed (or not) tomorrow.
What makes you think we are heading down to 105? There's a whole lot of support that you must break through before you get to 105.
That's not going to happen yet, (even though I'd like to see it happen). The ADX is losing a lot of steam as it's just barely above 20 right now. Once it bottoms and rolls back up, then we can talk about heading south.
But right now… the bears are sleeping, and the bulls are grazing.
That makes sense then.
He did seem to like the market recovery after the last two bits of bad news.
Hard to fault his thinking.
Thanks Earl of. Perhaps you should have a TZA/TNA blog! This is the first time you have said that you think TZA might be up so finally I can sleep tonight!
Thanks for the recap. I did not place any trades today.
He only holds positions overnight when he is *very* confident.
TZA closed down 2.5% today.
We are in a New Moon Trade (favors TZA).
[ After seven days, this trade is DOWN 10.0% ]
Volume today for TZA was about average for the past 7 days.
$RVX (VIX for $RUT) closed 4.1% lower.
TZA was down today and down in 10 of the past 11 days.
Ultimate Oscillator jumped from 30 to 34.5 while TZA fell, which is a divergence possibly warning that TZA might rise tomorrow.
Bollinger Bands for $RVX (VIX for $RUT): the lower BB was touched last Friday, but has moved generally away (up) since then, seemingly indicating that $RVX will be rising (good for TZA).
Bollinger Bands for $RUT: the upper band rose, moving farther away from $RUT, indicating that TNA will continue to fall (good for TZA).
http://www.americanbulls.com had TZA this morning as an unconfirmed buy. As I read it, the TZA buy was not confirmed today (pretty much needed an up day today & didn't get it), and the buy signal may be confirmed (or not) tomorrow.
Overall, it looks like TZA will rise tomorrow.
Carl at days end:
Estimated /ES range: 1092-1105 (13 point range)
Actual /ES range: 1092.50-1105.50 (13 point range)
Nailed the high, low and the range
Carl's trading:
Carl went long one unit /ES at 1095.50
Carl added one unit /ES at 1101.50
It appears Carl did not sell anything today.
Grade A on range estimates, I (incomplete) on trading.
What makes you think we are heading down to 105? There's a whole lot of support that you must break through before you get to 105.
That's not going to happen yet, (even though I'd like to see it happen). The ADX is losing a lot of steam as it's just barely above 20 right now. Once it bottoms and rolls back up, then we can talk about heading south.
But right now… the bears are sleeping, and the bulls are grazing.
Red ya ready? We are heading down from here Target 105
yesterday's reaction on the $VIX gave it some room to move on the downside, today the blue line is in the low 19's, it'll be in the 18's by friday
Thaks, looks like you are looking for us to touch the blue line. At what level would that be for vix? Around 16?