TNA closed up 0.5% today, after falling below the low of yesterday.
After two days in a row with higher highs and higher lows, today had a lower high and a lower low. Small amounts, but lower is lower. To me, that is a negative sign.
Volume today for TNA was normal.
We are in a Full Moon Trade, generally positive for TNA. [ After nine days, the trade is DOWN 6.5% ]
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, but runs until Feb 14th.
RVX (VIX for RUT) ran up early then fell all day.
Based on the slightly lower low and slightly lower high today, TNA for tomorrow is not attractive, long or short.
Hi PC ratio doesn't mean the market is gonna take off like a rocket ship but it does mean a floor has been put underneath the market
Combine the hi PC ratio with a statistical approach to the markets given the dow jones hasn't had 5 straight down weeks in over 250 weeks, this week has a snowballs chance in hell of finishing down
When you say CPC is off the charts you mean the put to call ratio is very high and therefore this is bullish?
as of 2:15 EST the S&P is 6 points below yesterday's high. Yest. high and todays comback is on the “good news” for Greece. The point being is that we have a lower high on double good news for Greece, (second day in a row) and the bulls can't do it yet.
I'll have tonight's post up hopefully by 10pm est., with lot's of charts… and then you can decide which direction we're going?
currency trader Jason Jankolvky (?sp) on forex tv states that the highest reading ever for short Euro positions ever recorded.
He thinks the top in the dollar is in.
If the Euro rallies strongly then this indicates that stock rally.
BUT, can't they wait a couple of days?
Gcocks,
TZA is starting to look interesting again. If I can get the closing price ($10.92), I'll pick up some after hours.
Earl, Nice update thanks, Sold half my TZA this morning. Actually got stopped out with profit. Then bought a smaller position this afternoon.
TNA closed up 0.5% today, after falling below the low of yesterday.
After two days in a row with higher highs and higher lows, today had a lower high and a lower low. Small amounts, but lower is lower. To me, that is a negative sign.
Volume today for TNA was normal.
We are in a Full Moon Trade, generally positive for TNA.
[ After nine days, the trade is DOWN 6.5% ]
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, but runs until Feb 14th.
RVX (VIX for RUT) ran up early then fell all day.
Based on the slightly lower low and slightly lower high today, TNA for tomorrow is not attractive, long or short.
Don't count on the Iranians bombing us though! Might not happen 🙂
Yes Monica,
I believe it will come tomorrow. Hang on!
Hi Red, it may not happen today but I think it will happen. Hopefully before our options expire worthless!
Hi PC ratio doesn't mean the market is gonna take off like a rocket ship but it does mean a floor has been put underneath the market
Combine the hi PC ratio with a statistical approach to the markets given the dow jones hasn't had 5 straight down weeks in over 250 weeks, this week has a snowballs chance in hell of finishing down
When you say CPC is off the charts you mean the put to call ratio is very high and therefore this is bullish?
as of 2:15 EST the S&P is 6 points below yesterday's high. Yest. high and todays comback is on the “good news” for Greece. The point being is that we have a lower high on double good news for Greece, (second day in a row) and the bulls can't do it yet.