Not sure about conspiracy. But 107.38 is right at a major support (calculated using a modified MA) and if the spy bounces off that level, then that there is dinner bell for all the bulls. But most people would probably be too scared to go long by then.
That 1047 misprint was amazing. The question is whether lightning will strike twice..:)
We are in a New Moon Trade (favors TZA). [ After three days, this trade is DOWN 9.2% ]
Volume today for TZA has been roughly the same these past 3 days.
RVX (VIX for RUT) closed 3.7% lower.
TZA has now been down seven days in a row.
Ultimate Oscillator was as 23.31 — fairly oversold.
Overall, it looks like TZA might fall again on Friday, except for a +0.50% interest rate announcement after hours. TZA was up 16 cents after hours, and because of the interest rate change can be expected to go up tomorrow.
I bought puts yesterday anticipating 105 by opex. But I thought it would have been a stretch and a bit too chancey 107 is more like it. I still feel by march opex it should hit 105. If it hits 107 I'll dump the puts wait for the bounce and then buy puts again.
bensjoyce,
It is not possible to learn anything from sundancer, or to make sense of his posts. That's that way he wants it.
Way cool.
REFRESH YOUR PAGE FOR FAKE PRINT CHARTS.
i don't have anything @ 107.38, AH tape show low of 109.91
3 min chart from today showing de-leverage areas SPY 110.35
http://www.flickr.com/photos/47091634@N04/43683…
there is a reason why i wrote a post about the $TNX 10 year today
Not sure about conspiracy. But 107.38 is right at a major support (calculated using a modified MA) and if the spy bounces off that level, then that there is dinner bell for all the bulls. But most people would probably be too scared to go long by then.
That 1047 misprint was amazing. The question is whether lightning will strike twice..:)
Ben, I'm pretty sure we are going to 107.38 spy, and then a bounce (maybe not tomorrow, but in a few days for sure)
you have a screen shot?
TZA closed down 2.5% today.
We are in a New Moon Trade (favors TZA).
[ After three days, this trade is DOWN 9.2% ]
Volume today for TZA has been roughly the same these past 3 days.
RVX (VIX for RUT) closed 3.7% lower.
TZA has now been down seven days in a row.
Ultimate Oscillator was as 23.31 — fairly oversold.
Overall, it looks like TZA might fall again on Friday, except for a +0.50% interest rate announcement after hours. TZA was up 16 cents after hours, and because of the interest rate change can be expected to go up tomorrow.
I bought puts yesterday anticipating 105 by opex. But I thought it would have been a stretch and a bit too chancey 107 is more like it. I still feel by march opex it should hit 105. If it hits 107 I'll dump the puts wait for the bounce and then buy puts again.
Love you blog keep it up