Lots of bulls are were sucked in today. I went short too early, as I should have listened to what this fake print was telling in the morning, but I didn't think it would get there today.
why can't 990 wait until Monday, last trading day of the month? Oh Oh is monday a holiday and the markets are closed??? duh I hate if when I do this.
Maybe thurs jobless claim will be low. two in a row will pounce the market. John Williams of Shadow Stats (whatever they're called) stated a month ago that mid year weakness in the economy will show- indicated by the “M3-adjusted for inflation” (He says he can still put together an M3- the Gov quit revealing it.)
We are now in a New Moon Trade, which tends to favor TZA. TZA opened up 6.6%, and the opening gap was filled. TZA was up 11.6% at it’s high, and closed up 0.13%.
AmericanBulls had TNA with a Wait today. TNA was down 3 cents, so TNA will likely be a Wait again for tomorrow.
AmericanBulls had TZA with a possible sell today, but TZA was up 1 cent, so TZA was not sold. TZA might remain a possible sell for tomorrow. The buying price was $6.10, and TZA closed at $7.64, up 25.25% in 6 days.
Volume for TZA today was 33% above it’s 1 month average. Good for TZA. Volume for TNA today was 42% above it’s 1 month average.
$RVX (VIX for $RUT) closed down 7% with TZA up 0.13%. A divergence.
TZA had been down 1 day, up 3, down 1, and now up 2 days. Choppy, and went no where the last 3 days. Not good for TZA.
The low for TZA was from 20 days ago at $5.30. Today’s low was $7.62, 43% higher. Good for TZA.
Today, Ultimate Oscillator for TZA fell from 56.1 to 49.0 (-7.1) while TZA was up 0.13%. Big divergence. Bad for TZA.
MACD fastline & slowline both above zero rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX gapped up & touched the upper Bollinger Band then fell to create a long red candle and closed far below the top Bollinger band. The fast MACD line is pointing down, the slow line is still rising. Yesterday was the 3rd day of a 3-day sequence ending in a $RUT buy signal. Bad for TZA.
Bollinger Bands for $RUT: Today, $RUT had a white candle that closed above the lower Bollinger Band, with a long tail below that band. MACD is falling sharply. Hard to read.
Last Thursday: On the NYSE, down volume was 73 times the up volume. Usually, the market bounces after a number this large. Maybe not the next day, but the day after that. Last Friday: On the NYSE, up volume was 9 times the down volume. A nice bounce, as expected (for today or tomorrow). Yesterday: Expected, but did not get a bounce in $RUT. Today: no bounce in $RUT. (Good for TZA)
TZA had a much lower high & higher low & slightly higher close (Good for TZA)
Money flow for the Total Stock Market: $13,442 million flowing out of the market 2 days ago. $ 232 million flowing out of the market yesterday. $ 2,671 million flowing out of the market today. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, No guess for TZA for tomorrow Too many unusual happenings.
its on the CME
Last friday was the usual options expiration but there is also End of the Month option expiring the last trading day of the month
I'll have to ask my broker
Last Friday.
So when is opx for EOM May??
Just the end of the month, not opx.
Is friday the “end of the month” options expiration???????
because monday it's closed?
Lots of bulls are were sucked in today. I went short too early, as I should have listened to what this fake print was telling in the morning, but I didn't think it would get there today.
http://reddragonleo.com/wp-content/uploads/2010…
Regardless, more selling is coming. Thursday will be the most bearish day probably, and Friday could be the capitulation day?
why can't 990 wait until Monday, last trading day of the month? Oh Oh is monday a holiday and the markets are closed??? duh I hate if when I do this.
Maybe thurs jobless claim will be low. two in a row will pounce the market. John Williams of Shadow Stats (whatever they're called) stated a month ago that mid year weakness in the economy will show- indicated by the “M3-adjusted for inflation” (He says he can still put together an M3- the Gov quit revealing it.)
We are now in a New Moon Trade, which tends to favor TZA.
TZA opened up 6.6%, and the opening gap was filled. TZA was up 11.6% at it’s high, and closed up 0.13%.
AmericanBulls had TNA with a Wait today. TNA was down 3 cents, so TNA will likely be a Wait again for tomorrow.
AmericanBulls had TZA with a possible sell today, but TZA was up 1 cent, so TZA was not sold. TZA might remain a possible sell for tomorrow. The buying price was $6.10, and TZA closed at $7.64, up 25.25% in 6 days.
Volume for TZA today was 33% above it’s 1 month average. Good for TZA.
Volume for TNA today was 42% above it’s 1 month average.
$RVX (VIX for $RUT) closed down 7% with TZA up 0.13%. A divergence.
TZA had been down 1 day, up 3, down 1, and now up 2 days. Choppy, and went no where the last 3 days. Not good for TZA.
The low for TZA was from 20 days ago at $5.30. Today’s low was $7.62, 43% higher. Good for TZA.
Today, Ultimate Oscillator for TZA fell from 56.1 to 49.0 (-7.1) while TZA was up 0.13%. Big divergence. Bad for TZA.
MACD fastline & slowline both above zero rising Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX gapped up & touched the upper Bollinger Band then fell to create a long red candle and closed far below the top Bollinger band. The fast MACD line is pointing down, the slow line is still rising. Yesterday was the 3rd day of a 3-day sequence ending in a $RUT buy signal. Bad for TZA.
Bollinger Bands for $RUT: Today, $RUT had a white candle that closed above the lower Bollinger Band, with a long tail below that band. MACD is falling sharply. Hard to read.
Last Thursday: On the NYSE, down volume was 73 times the up volume. Usually, the market bounces after a number this large. Maybe not the next day, but the day after that.
Last Friday: On the NYSE, up volume was 9 times the down volume. A nice bounce, as expected (for today or tomorrow).
Yesterday: Expected, but did not get a bounce in $RUT.
Today: no bounce in $RUT. (Good for TZA)
TZA had a much lower high & higher low & slightly higher close (Good for TZA)
Money flow for the Total Stock Market:
$13,442 million flowing out of the market 2 days ago.
$ 232 million flowing out of the market yesterday.
$ 2,671 million flowing out of the market today.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, No guess for TZA for tomorrow Too many unusual happenings.
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