TNA was a possible sell today, gapped down & closed below the open, prompting a sell at the open. The buy was at $47.52, and the sell at $46.60 – a loss of 1.9%.
TZA was a possible buy today, gapped up, and closed higher, prompting a buy at the open ($7.07). At the close today, this trade was up 5.8%.
Of the stocks & ETFs I follow, these are to hold on to: AAPL RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT) SRS (-2x RE), DRV (-3x RE) SCO (-2x Oil), DTO (-3x oil) ERY (-3x energy) FAZ (-3x Financials) EPV (-2x Europe) SPXU (-3x $SPX) QID (-2x QQQQ) DXD (-2x DOW30)
The list to avoid: IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT) IYR(1x RE), URE(2x RE), DRN(3x RE) SLV(silver) USO(oil), UCO(2x Oil) ERX(3x energy) AMZN GS DIA SPY QQQQ, QLD (2x QQQQ) EWG(Germany) EWU(England) EWX(emerging mkts)
The following are possible (but unlikely) buys tomorrow: UUP(US Dollar) EWQ(France) DZZ (-2x Gold)
The following are possible (but unlikely) sells tomorrow : GLD (gold), UGL (2x Gold) DRI
The following are quite likely buys tomorrow: none The following are quite likely sells tomorrow: GOOG
Summary: Very Bearish New Sells today on IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT) , SLV(silver), UCO(2x Oil), ERX(3x energy), GS, SPY
New Buys today on AAPL, RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT), SRS (-2x RE), SCO (-2x Oil), DTO (-3x oil), ERY (-3x energy), FAZ (-3x Financials)
Action for TNA or TZA for tomorrow: Hold TZA, Avoid TNA
Did you listen to BAM Investors free conference call tonight? I just hung up, and they are calling for a minimum of 944 spx between their first crash window of June 4th-8th.
Second crash window is around June 21st (plus or minus a few days). That window could produce a move as low as 680 spx. Now, I don't know if we get that low or not, but if everyone tries to sell all at once… we could tank pretty far down, and in a quick time period.
I might even sign up for their membership service, as they gave a lot of good reasons behind their target levels. That 944 level could happen by this Friday.
I'm not taking any long positions for awhile, as it's too dangerous to get caught long on a sell off down. I'd rather be caught short on a squeeze up, as I'll just wait for the squeeze to end and go back down. I don't see it the other way around.
I have been carrying short etf's but not at a level i would if i knew more. I am at the highest cash level I have been in a long time.
But i do not like chasing on the way down if a dump is truly materializing. Based on today's charts i see a bloody week also unless the dip buyers can get some semblance of contol.
the futures as normal are useless but positive at the moment.
Those video's are from Sunday, so I'm sure things have changed since then. She's very bearish… don't worry about that. She probably thinking the same thing I was, which was a “possible” move up 1120 or 1140. I don't see it in the cards now. I see a huge dump in the next couple of days Jim. Be ready.
We are now in a Full Moon Trade, which tends to favor TNA.
TZA opened up 3.2%, and the opening gap was filled. TZA was up 9.3% at it’s high, and closed up 9.2%.
AmericanBulls had TZA with a possible buy today. Under the rules, the buy took place today at the opening price ($7.07). TZA closed at $7.48, with this trade up 5.8%.
Volume for TNA today was 13% above it’s 1 month average. Volume for TZA today was 20% below it’s 1 month average. Not good for TZA.
$RVX (VIX for $RUT) closed up 15.4% with TZA up 9.2%. No divergence.
TZA closed today above 4 of the last 8 daily closes. No pattern there.
The recent (8 days) low for TZA was 1 day ago at $6.59. Today’s low was $6.79, 3% higher.
Today, Ultimate Oscillator for TZA fell from 45.5 to 45.2 (-0.3) while TZA was up 9.2%. ***Huge*** divergence. Bad for TZA.
MACD both lines are > 0 rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX fell to touch & then rose to close above the Bollinger mid line (20 day MA). The fast MACD line is pointing flat, the slow line is falling a little. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a long red candle – looks like it peaked 2 days ago and is now falling. MACD lines are both slowly falling. Good for TZA.
NYSE Down volume was 12.3 times the up volume. Good for TZA.
TZA had a higher high & higher low & lower close (Good for TZA)
Money flow for the Total Stock Market: $ 610 million flowing out of the market 2 days ago. $ 792 million flowing into the market yesterday. $ 961 million flowing out of the market today. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
FYI Nenner update this weekend I forgot to post earlier.
S&P/Nasdaq As mentioned before, cycles only project a low later in Jun A close for the S&P below 1074, Nasdaq below 1830, and Dow Jones below 10100 will probably lead to a test of the lows When our downside price target on the S&P was reached, we bought a few stocks We have very strict sell stops in order to break even The stops are closing price only However, investors who do not want to risk any loss should keep them intraday The stops are: Cat 60 Apple 248 Intel 21.20 GS 142.50 (we are long call spreads so we are not in a hurry to close those) The sell stop for GS is for those who are long the stock only
FYI Nenner update this weekend I forgot to post earlier.
S&P/Nasdaq As mentioned before, cycles only project a low later in Jun A close for the S&P below 1074, Nasdaq below 1830, and Dow Jones below 10100 will probably lead to a test of the lows When our downside price target on the S&P was reached, we bought a few stocks We have very strict sell stops in order to break even The stops are closing price only However, investors who do not want to risk any loss should keep them intraday The stops are: Cat 60 Apple 248 Intel 21.20 GS 142.50 (we are long call spreads so we are not in a hurry to close those) The sell stop for GS is for those who are long the stock only
The Daily view from Americanbulls
TNA was a possible sell today, gapped down & closed below the open, prompting a sell at the open. The buy was at $47.52, and the sell at $46.60 – a loss of 1.9%.
TZA was a possible buy today, gapped up, and closed higher, prompting a buy at the open ($7.07). At the close today, this trade was up 5.8%.
Of the stocks & ETFs I follow, these are to hold on to:
AAPL
RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT)
SRS (-2x RE), DRV (-3x RE)
SCO (-2x Oil), DTO (-3x oil)
ERY (-3x energy)
FAZ (-3x Financials)
EPV (-2x Europe)
SPXU (-3x $SPX)
QID (-2x QQQQ)
DXD (-2x DOW30)
The list to avoid:
IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT)
IYR(1x RE), URE(2x RE), DRN(3x RE)
SLV(silver)
USO(oil), UCO(2x Oil)
ERX(3x energy)
AMZN
GS
DIA
SPY
QQQQ, QLD (2x QQQQ)
EWG(Germany)
EWU(England)
EWX(emerging mkts)
The following are possible (but unlikely) buys tomorrow:
UUP(US Dollar)
EWQ(France)
DZZ (-2x Gold)
The following are possible (but unlikely) sells tomorrow :
GLD (gold), UGL (2x Gold)
DRI
The following are quite likely buys tomorrow: none
The following are quite likely sells tomorrow: GOOG
Summary: Very Bearish
New Sells today on IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT) , SLV(silver), UCO(2x Oil), ERX(3x energy), GS, SPY
New Buys today on AAPL, RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT), SRS (-2x RE), SCO (-2x Oil), DTO (-3x oil), ERY (-3x energy), FAZ (-3x Financials)
Action for TNA or TZA for tomorrow: Hold TZA, Avoid TNA
Jim,
Did you listen to BAM Investors free conference call tonight? I just hung up, and they are calling for a minimum of 944 spx between their first crash window of June 4th-8th.
Second crash window is around June 21st (plus or minus a few days). That window could produce a move as low as 680 spx. Now, I don't know if we get that low or not, but if everyone tries to sell all at once… we could tank pretty far down, and in a quick time period.
I might even sign up for their membership service, as they gave a lot of good reasons behind their target levels. That 944 level could happen by this Friday.
I'm not taking any long positions for awhile, as it's too dangerous to get caught long on a sell off down. I'd rather be caught short on a squeeze up, as I'll just wait for the squeeze to end and go back down. I don't see it the other way around.
I have been carrying short etf's but not at a level i would if i knew more. I am at the highest cash level I have been in a long time.
But i do not like chasing on the way down if a dump is truly materializing. Based on today's charts i see a bloody week also unless the dip buyers can get some semblance of contol.
the futures as normal are useless but positive at the moment.
Those video's are from Sunday, so I'm sure things have changed since then. She's very bearish… don't worry about that. She probably thinking the same thing I was, which was a “possible” move up 1120 or 1140. I don't see it in the cards now. I see a huge dump in the next couple of days Jim. Be ready.
I noticed in Anna's Videos she did not address today's scenario of the gap down, recovery and then negative reversal
We may not be setting up the eventual rise to 1140 as many expect. i will be interested in what Chart trader sees tonight.
We are now in a Full Moon Trade, which tends to favor TNA.
TZA opened up 3.2%, and the opening gap was filled. TZA was up 9.3% at it’s high, and closed up 9.2%.
AmericanBulls had TZA with a possible buy today. Under the rules, the buy took place today at the opening price ($7.07). TZA closed at $7.48, with this trade up 5.8%.
Volume for TNA today was 13% above it’s 1 month average.
Volume for TZA today was 20% below it’s 1 month average. Not good for TZA.
$RVX (VIX for $RUT) closed up 15.4% with TZA up 9.2%. No divergence.
TZA closed today above 4 of the last 8 daily closes. No pattern there.
The recent (8 days) low for TZA was 1 day ago at $6.59. Today’s low was $6.79, 3% higher.
Today, Ultimate Oscillator for TZA fell from 45.5 to 45.2 (-0.3) while TZA was up 9.2%. ***Huge*** divergence. Bad for TZA.
MACD both lines are > 0 rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX fell to touch & then rose to close above the Bollinger mid line (20 day MA). The fast MACD line is pointing flat, the slow line is falling a little. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a long red candle – looks like it peaked 2 days ago and is now falling. MACD lines are both slowly falling. Good for TZA.
NYSE Down volume was 12.3 times the up volume. Good for TZA.
TZA had a higher high & higher low & lower close (Good for TZA)
Money flow for the Total Stock Market:
$ 610 million flowing out of the market 2 days ago.
$ 792 million flowing into the market yesterday.
$ 961 million flowing out of the market today.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, Bad for TZA for tomorrow.
Looks scary…
the 5minute, 15, are in sink. the 60 19 day and 20 are still above 50. Close of 107.54 is out of bb on 60, 15 etc.
This could be a bloody week.
FYI
Nenner update this weekend I forgot to post earlier.
S&P/Nasdaq
As mentioned before, cycles only project a low later in Jun
A close for the S&P below 1074, Nasdaq below 1830, and Dow Jones below 10100 will probably lead to a test of the lows
When our downside price target on the S&P was reached, we bought a few stocks
We have very strict sell stops in order to break even
The stops are closing price only
However, investors who do not want to risk any loss should keep them intraday
The stops are:
Cat 60
Apple 248
Intel 21.20
GS 142.50 (we are long call spreads so we are not in a hurry to close those)
The sell stop for GS is for those who are long the stock only
BTW his Nasdaq is the NDX
FYI
Nenner update this weekend I forgot to post earlier.
S&P/Nasdaq
As mentioned before, cycles only project a low later in Jun
A close for the S&P below 1074, Nasdaq below 1830, and Dow Jones below 10100 will probably lead to a test of the lows
When our downside price target on the S&P was reached, we bought a few stocks
We have very strict sell stops in order to break even
The stops are closing price only
However, investors who do not want to risk any loss should keep them intraday
The stops are:
Cat 60
Apple 248
Intel 21.20
GS 142.50 (we are long call spreads so we are not in a hurry to close those)
The sell stop for GS is for those who are long the stock only