We are in a Full Moon Trade, generally positive for TNA. This trade ends at the close tomorrow. [ After ten days, the trade is DOWN 1.4% ]
Tony (man has no last name) says this Full Moon bullishness is canceled out by the Jan 15th Solar Eclipse, creating a Panic Cycle. His Panic Cycle seems played out (particularly today), but runs until the close tomorrow.
RVX (VIX for RUT) fell all day, closing 8.6% lower.
Based on the very large green candle today, closing near the high, there looks to be more upside for TNA tomorrow. (Looks lately have been the opposite of what actually happens)
we currently have 2 consecutive gap downs on the SPY so a 3rd in a row tomorrow would be too much of a tell for the coming gap on tuesday because the SPY rarely ever gaps down 4 straight days
hey red – thanks for sticking with us! i got down to the very end…margin call all week. todays upward motion brought me out of it and in addition, my csco call advanced for a nice little gain which enabled me to buy the fcx 70 put for tomorrow. if things work tomorrow, i'll have a great rebirth of enthusiasm for, well, EVERYTHING! heh love the charts and graphics, and i'm finding the commentary very useful too; i am glad to be able to read it. i am also short bac (and a little in the money!), so i have great hopes for the next wave down. now, when to sell… what is your post-thursday forcast for next week?
Sold my SPG calls (mostly broke even). In TZA calls.
$VIX closed above 24, by a hair. I think the $VIX goes back up to flirt with the 200 MA tomorrow, and closes the week there. This would provide minimal direction for market participants, and let their options die a slow death over the long weekend (markets are closed Monday for Presidents day).
Great post Red – love how you tied this all together !!!!!
Can you share how you are “learning” this ?
“Looks lately have been the opposite of what actually happens” …ain't that the truth!
TNA closed up 5.0% today.
Volume today for TNA was normal.
We are in a Full Moon Trade, generally positive for TNA.
This trade ends at the close tomorrow.
[ After ten days, the trade is DOWN 1.4% ]
Tony (man has no last name) says this Full Moon bullishness is canceled out by the Jan 15th Solar Eclipse, creating a Panic Cycle. His Panic Cycle seems played out (particularly today), but runs until the close tomorrow.
RVX (VIX for RUT) fell all day, closing 8.6% lower.
Based on the very large green candle today, closing near the high, there looks to be more upside for TNA tomorrow. (Looks lately have been the opposite of what actually happens)
a gap down will mean they'll close the SPY @ 107.15 for the week and a gap up means they'll close the SPY @ 109.68
all this dancing for the last 5 months is because of the crash gap created back on the first week of oct. 2008
http://www.flickr.com/photos/47091634@N04/43490…
we currently have 2 consecutive gap downs on the SPY so a 3rd in a row tomorrow would be too much of a tell for the coming gap on tuesday because the SPY rarely ever gaps down 4 straight days
Just another Bear frattin', if you know what I mean.
That's interesting. The question is which way?
He was right about the breakout, but wrong about the range. Pretty impressive, still.
hey red – thanks for sticking with us! i got down to the very end…margin call all week. todays upward motion brought me out of it and in addition, my csco call advanced for a nice
little gain which enabled me to buy the fcx 70 put for tomorrow. if things work tomorrow, i'll have a great rebirth of
enthusiasm for, well, EVERYTHING! heh love the charts and graphics, and i'm finding the commentary very useful too; i am
glad to be able to read it.
i am also short bac (and a little in the money!), so i have great hopes for the next wave down. now, when to sell…
what is your post-thursday forcast for next week?
Sold my SPG calls (mostly broke even). In TZA calls.
$VIX closed above 24, by a hair. I think the $VIX goes back up to flirt with the 200 MA tomorrow, and closes the week there. This would provide minimal direction for market participants, and let their options die a slow death over the long weekend (markets are closed Monday for Presidents day).
a flat last 30 minutes means a 6-9 pt gap is coming
here's an update to a chart i posted earlier
you'll see a gap is how this dancing gets resolved
http://www.flickr.com/photos/47091634@N04/43497…