Only thing is will PPT let the mkt crash into the holiday …. media is already so bearish …. if the mkt falls into the holiday, you can bet people will not be spending … and PPT doesn't want that
Fail to plan, plan to fail (SPY) – here goes: – if we gap down, bad sign look for short entry – back testing 60min trendline, go long if we reverse off of line – if we break 109.50, add longs
volume is my co-pilot and the last 60min candle down had volume
TNA was an (unlikely) possible buy for today, was up 0.5%, and remains a possible buy for tomorrow.
TZA was a Wait today (from a Confirmed Sell yesterday). TA dropped 0.5% and remains a Wait for tomorrow.
Two recent TZA Buy signals have been successful: Buy at $5.54, sell at $6.34, up 14.4% Buy at $6.10, sell at $7.63, up 25.1%
Of the stocks & ETFs I follow, these are to hold on to: GLD (gold), UGL (2x Gold) SLV(silver) UCO(2x Oil) ERX(3x energy) DRI SPY DRV (-3x RE) EPV (-2x Europe)
The list to avoid: IYR(1x RE), URE(2x RE), DRN(3x RE) USO(oil) AAPL DIA EWG(Germany) EWQ(France) EWU(England) EWX(emerging mkts) RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT) SRS (-2x RE) SCO (-2x Oil), DTO (-3x oil) FAZ (-3x Financials) DZZ (-2x Gold)
The following are possible (but unlikely) buys tomorrow: IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT) UUP(US Dollar) GOOG SPXU (-3x $SPX) QID (-2x QQQQ) DXD (-2x DOW30)
The following are possible (but unlikely) sells tomorrow : AMZN GS QQQQ ERY (-3x energy)
The following are quite likely buys tomorrow: none The following are quite likely sells tomorrow: QLD (2x QQQQ)
Summary: Fairly Bearish
New Sells today on IYR(1x RE), URE(2x RE), DRN(3x RE), EWG(Germany), EWQ(France), EWU(England)
New Buys today on DRV (-3x RE), EPV (-2x Europe)
Action for TNA or TZA for tomorrow: Avoid TZA, possible (but unlikely) buy of TNA
It's hard to tell if they are just late fills, or fake. It's just when you are seeing the charts turn in that direction, just keep that target in mind. Nothing is written in stone, saying that each print will be the target. But again, when you are going in that direction, you should look for a tag of that level to be hit.
We are now in a New Moon Trade, which tends to favor TZA. TZA opened down 1.1%, and the opening gap was filled. TZA was up 0.9% at it’s high, and closed down 0.6%.
AmericanBulls had TNA with an unlikely but possible BUY today. TNA was up 0.39%. Not enough to trigger a buy signal, so TNA will remain a possible buy for tomorrow.
AmericanBulls had TZA as a Wait today (Confirmed Sell yesterday). And TZA was down 0.6%, so TZA will be a Wait again for tomorrow.
Volume for TZA today was 5% below it’s 1 month average. Bad for TZA. Volume for TNA today was 13% above it’s 1 month average.
$RVX (VIX for $RUT) closed down 1.7% with TZA down 0.6%. No divergence.
TZA had been down 1 day, up 3, down 1, up 2, now down 1 day. Choppy, and went no where at all the last 4 days. Not good for TZA.
The low for TZA was from 20 days ago at $5.30. Today’s low was $7.01, 32% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 49.0 to 53.9 (+4.9) while TZA was up 0.39%. No divergence.
MACD fastline & slowline both above zero rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX fell sharply to the Bollinger mid line (20 day MA) then bounced to end the day roughly flat. The fast MACD line is pointing down, the slow line is still rising. 2 days ago was the 3rd day of a 3-day sequence ending in a $RUT buy signal, but frankly it seems busted. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a dogi candle that closed a bit above yesterday. MACD is falling sharply. Good for TZA.
TZA had a much lower high & much lower low & slightly lower close (Good for TZA)
Money flow for the Total Stock Market: $13,442 million flowing out of the market 3 days ago. $ 232 million flowing out of the market 2 days ago. $ 2,671 million flowing out of the market yesterday. $ 3,708 million flowing into the market today. Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, No guess for TZA for tomorrow. TZA closed in roughly the same place in 4 of the past 5 days. Wild gyrations going no where.
We're probably looking at a long forced uphill march to form the right shoulder of the H&S starting tomorrow morning, and to 1140 thereafter according to some, so you should have a chance to get in.
Somehow I feel that something will trash the completion of the H&S, like unemployment numbers, global cooling, a solar flare, etc. We'll see.
Only thing is will PPT let the mkt crash into the holiday …. media is already so bearish …. if the mkt falls into the holiday, you can bet people will not be spending … and PPT doesn't want that
Fail to plan, plan to fail (SPY) – here goes:
– if we gap down, bad sign look for short entry
– back testing 60min trendline, go long if we reverse off of line
– if we break 109.50, add longs
volume is my co-pilot and the last 60min candle down had volume
The Daily view from Americanbulls
TNA was an (unlikely) possible buy for today, was up 0.5%, and remains a possible buy for tomorrow.
TZA was a Wait today (from a Confirmed Sell yesterday). TA dropped 0.5% and remains a Wait for tomorrow.
Two recent TZA Buy signals have been successful:
Buy at $5.54, sell at $6.34, up 14.4%
Buy at $6.10, sell at $7.63, up 25.1%
Of the stocks & ETFs I follow, these are to hold on to:
GLD (gold), UGL (2x Gold)
SLV(silver)
UCO(2x Oil)
ERX(3x energy)
DRI
SPY
DRV (-3x RE)
EPV (-2x Europe)
The list to avoid:
IYR(1x RE), URE(2x RE), DRN(3x RE)
USO(oil)
AAPL
DIA
EWG(Germany)
EWQ(France)
EWU(England)
EWX(emerging mkts)
RWM (-1x $RUT), TWM (-2x $RUT), TZA (-3x $RUT)
SRS (-2x RE)
SCO (-2x Oil), DTO (-3x oil)
FAZ (-3x Financials)
DZZ (-2x Gold)
The following are possible (but unlikely) buys tomorrow:
IWM (1x $RUT), UWM (2x $RUT), TNA (3x $RUT)
UUP(US Dollar)
GOOG
SPXU (-3x $SPX)
QID (-2x QQQQ)
DXD (-2x DOW30)
The following are possible (but unlikely) sells tomorrow :
AMZN
GS
QQQQ
ERY (-3x energy)
The following are quite likely buys tomorrow: none
The following are quite likely sells tomorrow: QLD (2x QQQQ)
Summary: Fairly Bearish
New Sells today on IYR(1x RE), URE(2x RE), DRN(3x RE), EWG(Germany), EWQ(France), EWU(England)
New Buys today on DRV (-3x RE), EPV (-2x Europe)
Action for TNA or TZA for tomorrow: Avoid TZA, possible (but unlikely) buy of TNA
Ron,
It's hard to tell if they are just late fills, or fake. It's just when you are seeing the charts turn in that direction, just keep that target in mind. Nothing is written in stone, saying that each print will be the target. But again, when you are going in that direction, you should look for a tag of that level to be hit.
can someone explain why this is a fake print? sorry but i'm new to trading and learning a lot on this site. thanks!
One smart ape man
We are now in a New Moon Trade, which tends to favor TZA.
TZA opened down 1.1%, and the opening gap was filled. TZA was up 0.9% at it’s high, and closed down 0.6%.
AmericanBulls had TNA with an unlikely but possible BUY today. TNA was up 0.39%. Not enough to trigger a buy signal, so TNA will remain a possible buy for tomorrow.
AmericanBulls had TZA as a Wait today (Confirmed Sell yesterday). And TZA was down 0.6%, so TZA will be a Wait again for tomorrow.
Volume for TZA today was 5% below it’s 1 month average. Bad for TZA.
Volume for TNA today was 13% above it’s 1 month average.
$RVX (VIX for $RUT) closed down 1.7% with TZA down 0.6%. No divergence.
TZA had been down 1 day, up 3, down 1, up 2, now down 1 day. Choppy, and went no where at all the last 4 days. Not good for TZA.
The low for TZA was from 20 days ago at $5.30. Today’s low was $7.01, 32% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 49.0 to 53.9 (+4.9) while TZA was up 0.39%. No divergence.
MACD fastline & slowline both above zero rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX fell sharply to the Bollinger mid line (20 day MA) then bounced to end the day roughly flat. The fast MACD line is pointing down, the slow line is still rising. 2 days ago was the 3rd day of a 3-day sequence ending in a $RUT buy signal, but frankly it seems busted. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a dogi candle that closed a bit above yesterday. MACD is falling sharply. Good for TZA.
TZA had a much lower high & much lower low & slightly lower close (Good for TZA)
Money flow for the Total Stock Market:
$13,442 million flowing out of the market 3 days ago.
$ 232 million flowing out of the market 2 days ago.
$ 2,671 million flowing out of the market yesterday.
$ 3,708 million flowing into the market today.
Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, No guess for TZA for tomorrow. TZA closed in roughly the same place in 4 of the past 5 days. Wild gyrations going no where.
monkey for brains says: me no sure, me wait on sideline
Lots of motion. Seems it ought to be easy to buy and sell later and make money. Ought to be.
We're probably looking at a long forced uphill march to form the right shoulder of the H&S starting tomorrow morning, and to 1140 thereafter according to some, so you should have a chance to get in.
Somehow I feel that something will trash the completion of the H&S, like unemployment numbers, global cooling, a solar flare, etc. We'll see.