Don't get me wrong. I am a bear at the moment. I just get pissed off at the media that spout off when there are no and I mean no charts that support their position.
If you were managing other people's money why would you buy until the market has given turn signals.
We are now in a New Moon Trade, which tends to favor TZA. TZA opened up 7.8%, and the opening gap was not filled. TZA was up 15.4% at it’s high, and closed up 15.1%.
AmericanBulls had TNA with a Wait today. TNA was down today, so TNA will be a Wait again for tomorrow.
AmericanBulls had TZA with a Hold today. TZA was up today, so will be a Hold for tomorrow. The buying price was $6.10, and TZA closed at $7.68, up 25.9% in 3 days.
Volume for TZA today was 60% above the 1 month average. Good for TZA. Volume for TNA today was 104% above the 1 month average.
$RVX (VIX for $RUT) closed up 23.5% with TZA up 15.1%. No divergence Good for TZA
TZA had been down 3 days, up 2, down 1, now up 3, but up a lot lately. Good for TZA.
The low for TZA was from 18 days ago at $5.30. Today’s low was $7.10, 33.9% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 48.1 to 56.4 (+8.3) while TZA was up 15.1%. No divergence. Good for TZA.
MACD fastline above zero rising & slowline below zero but rising. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX climbed above and closed above the top Bollinger band. MACD both lines are rising pretty much vertically. This might be the first day of a 3-day sequence ending in a $RUT buy signal. Good for TZA for the time being.
Bollinger Bands for $RUT: Today, $RUT had a very long red candle that closed below the lower Bollinger Band. MACD is falling sharply. Good for TZA.
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.
TZA had a much higher high & much higher low & much higher close (good for TZA)
Money flow for the Total Stock Market: $ 42 million flowing into the market 2 days ago. $ 264 million flowing out of the market yesterday. $ 1,568 million flowing out of the market today. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later. Overall, Good for TZA for tomorrow.
That should tell you something Jim… do the opposite of what the media tell you. They want people to buy, so they can take their money too. I don't see any rally coming tomorrow. I see another gap down coming.
It was Vincent Michael. not that i give him too much attention. Additionally I just saw on Fox Bus, Neil Cavuto two “experts” that said buying volume will be extremely heavey tomorrow. That a pip squeak contry like greece is scaring people and the scared people are selling while the strong are buying.
out of the next breath its States cannot pay there bills etc…..
If that were to be the case you would think futures right now would be exploding
Don't get me wrong. I am a bear at the moment. I just get pissed off at the media that spout off when there are no and I mean no charts that support their position.
If you were managing other people's money why would you buy until the market has given turn signals.
Bunch of crooks or irresponsible people.
I appreciate your perspective.
We are now in a New Moon Trade, which tends to favor TZA.
TZA opened up 7.8%, and the opening gap was not filled. TZA was up 15.4% at it’s high, and closed up 15.1%.
AmericanBulls had TNA with a Wait today. TNA was down today, so TNA will be a Wait again for tomorrow.
AmericanBulls had TZA with a Hold today. TZA was up today, so will be a Hold for tomorrow. The buying price was $6.10, and TZA closed at $7.68, up 25.9% in 3 days.
Volume for TZA today was 60% above the 1 month average. Good for TZA.
Volume for TNA today was 104% above the 1 month average.
$RVX (VIX for $RUT) closed up 23.5% with TZA up 15.1%. No divergence Good for TZA
TZA had been down 3 days, up 2, down 1, now up 3, but up a lot lately. Good for TZA.
The low for TZA was from 18 days ago at $5.30. Today’s low was $7.10, 33.9% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 48.1 to 56.4 (+8.3) while TZA was up 15.1%. No divergence. Good for TZA.
MACD fastline above zero rising & slowline below zero but rising. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX climbed above and closed above the top Bollinger band. MACD both lines are rising pretty much vertically. This might be the first day of a 3-day sequence ending in a $RUT buy signal. Good for TZA for the time being.
Bollinger Bands for $RUT: Today, $RUT had a very long red candle that closed below the lower Bollinger Band. MACD is falling sharply. Good for TZA.
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.
TZA had a much higher high & much higher low & much higher close (good for TZA)
Money flow for the Total Stock Market:
$ 42 million flowing into the market 2 days ago.
$ 264 million flowing out of the market yesterday.
$ 1,568 million flowing out of the market today.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, Good for TZA for tomorrow.
That should tell you something Jim… do the opposite of what the media tell you. They want people to buy, so they can take their money too. I don't see any rally coming tomorrow. I see another gap down coming.
It was Vincent Michael. not that i give him too much attention. Additionally I just saw on Fox Bus, Neil Cavuto two “experts” that said buying volume will be extremely heavey tomorrow. That a pip squeak contry like greece is scaring people and the scared people are selling while the strong are buying.
out of the next breath its States cannot pay there bills etc…..
If that were to be the case you would think futures right now would be exploding
Sundancer
You're freaking genius. Simply amazing.
Be careful on that Z…
I see the real crash coming tomorrow.
Market should get a technical bounce higher Friday and Monday. I think the correction is over.
Short Tuesdays and Thursday's for awhile.
Carl at day’s end:
1075-1115 estimate for today (40 points, ~2 times normal)
1069.50–1094 actual range today (24 points )
Market was 5-21 points below Carl’s range.
Trades: No Trades
Grade: C (lost no money)
Simply amazing, Sundancer.
Thank you again for your very good deed.
Yup, Trigger works like a charm during crash days…