TNA was a Wait today, was down today, and remains a Wait for tomorrow.
TZA was a Hold today, was up today, and remains a Hold for tomorrow. The buy price was $6.10, and TZA closed at $6.67, up 9.3% since the buy.
Of the stocks & ETFs I follow, these are to hold on to: EWG(Germany) EWQ(France) RWM (-1x $RUT) TWM (-2x $RUT) TZA (-3x $RUT) ERY (-3x energy) FAZ (-3x Financials) QID (-2x QQQQ) DXD (-2x DOW30)
The list to avoid: IWM (1x $RUT) UWM (2x $RUT) TNA (3x $RUT) GLD (gold) UGL (2x Gold) USO(oil) ERX(3x energy) AAPL AMZN DRI GOOG DIA QQQQ QLD (2x QQQQ) EWX(emerging mkts)
The following are possible (but unlikely) buys tomorrow: IYR(1x RE) URE(2x RE) DRN(3x RE) SLV(silver) UCO(2x Oil) GS SPY EWU(England)
The following are possible (but unlikely) sells tomorrow : UUP(US Dollar) SRS (-2x RE) DRV (-3x RE) SCO (-2x Oil) DTO (-3x oil) EPV (-2x Europe) SPXU (-3x $SPX) DZZ (-2x Gold)
There were no stocks or ETFs that were likely to be bought or sold tomorrow. Today was less Bearish than yesterday. Action for TNA or TZA for tomorrow: Hold on to TZA, avoid TNA
We are now in a New Moon Trade, which tends to favor TZA. TZA opened up 1.7%, and the opening gap was filled. TZA was up 8.1% at it’s high, and closed up 3.8%.
AmericanBulls had TNA with a Wait today from the sale yesterday. TNA was down today, so TNA will be a Wait again for tomorrow.
AmericanBulls had TZA with a Hold today after the buy yesterday. TZA was up today, so will be a Hold for tomorrow. The buying price was $6.10, and TZA closed at $6.67, up 9.3% in 2 days.
Volume for TZA today was 46% above the 1 month average. Good for TZA.
$RVX (VIX for $RUT) closed up 3.9% with TZA up 3.8%. No divergence Good for TZA
TZA had been down 3 days, up 2, down 1, now up 2, but drifting up generally. Good for TZA.
The low for TZA was from seventeen days ago at $5.30. Today’s low was $6.31, 19% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 39.5 to 48.1 (+8.6) while TZA was up 3.8%. No divergence. Good for TZA.
MACD fastline & slowline are below zero but rising. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX climbed above and closed below the top Bollinger band. MACD both lines are rising. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a long tail red candle that closed between the 50day moving average and the lower Bollinger Band. MACD appears to be falling. Good for TZA.
TZA had a higher high & higher low & higher close (good for TZA)
Money flow for the Total Stock Market: $ 21 million flowing out of the market 2 days ago. $ 42 million flowing into the market yesterday. $ 264 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.
Yes, you are. The big move should be made tomorrow with a lower low put in on Friday and then a hard reversal. Moral of the story – get out at the open on Friday. Of course that is, if history repeats!
How do you know?! Believe you me, I am well aware of the dangers of leverage and yes i know, my trades have been too risky. However, if you use options properly, I actually think they make the most sense in markets like this as you can limit your capital investment. You have to be careful when you are dealing with options that are close to expiration and sometimes it's best to hedge with spreads. Nonetheless though, I have multiplied my account 5 times in the past 2 weeks and I wouldn't have been able to do it without leverage. Granted – I could have lost it all. I won't be this crazy going forward!
The Daily view from Americanbulls
TNA was a Wait today, was down today, and remains a Wait for tomorrow.
TZA was a Hold today, was up today, and remains a Hold for tomorrow. The buy price was $6.10, and TZA closed at $6.67, up 9.3% since the buy.
Of the stocks & ETFs I follow, these are to hold on to:
EWG(Germany)
EWQ(France)
RWM (-1x $RUT)
TWM (-2x $RUT)
TZA (-3x $RUT)
ERY (-3x energy)
FAZ (-3x Financials)
QID (-2x QQQQ)
DXD (-2x DOW30)
The list to avoid:
IWM (1x $RUT)
UWM (2x $RUT)
TNA (3x $RUT)
GLD (gold)
UGL (2x Gold)
USO(oil)
ERX(3x energy)
AAPL
AMZN
DRI
GOOG
DIA
QQQQ
QLD (2x QQQQ)
EWX(emerging mkts)
The following are possible (but unlikely) buys tomorrow:
IYR(1x RE)
URE(2x RE)
DRN(3x RE)
SLV(silver)
UCO(2x Oil)
GS
SPY
EWU(England)
The following are possible (but unlikely) sells tomorrow :
UUP(US Dollar)
SRS (-2x RE)
DRV (-3x RE)
SCO (-2x Oil)
DTO (-3x oil)
EPV (-2x Europe)
SPXU (-3x $SPX)
DZZ (-2x Gold)
There were no stocks or ETFs that were likely to be bought or sold tomorrow.
Today was less Bearish than yesterday.
Action for TNA or TZA for tomorrow: Hold on to TZA, avoid TNA
the lines on my 195 min chart are ENV (envelopes)
Stocks move in 4 phases.
1 Bottom consolidation
2 upward movement
3 top consolidation
4 decline movement.
Until upward trend is broken by all averages aligning downward and moving below trend line we are in consolidation.
On the 60 minute time frames we are in stage 4. in 15 minute we are either there or close.
We are now in a New Moon Trade, which tends to favor TZA.
TZA opened up 1.7%, and the opening gap was filled. TZA was up 8.1% at it’s high, and closed up 3.8%.
AmericanBulls had TNA with a Wait today from the sale yesterday. TNA was down today, so TNA will be a Wait again for tomorrow.
AmericanBulls had TZA with a Hold today after the buy yesterday. TZA was up today, so will be a Hold for tomorrow. The buying price was $6.10, and TZA closed at $6.67, up 9.3% in 2 days.
Volume for TZA today was 46% above the 1 month average. Good for TZA.
$RVX (VIX for $RUT) closed up 3.9% with TZA up 3.8%. No divergence Good for TZA
TZA had been down 3 days, up 2, down 1, now up 2, but drifting up generally. Good for TZA.
The low for TZA was from seventeen days ago at $5.30. Today’s low was $6.31, 19% higher. Good for TZA.
Today, Ultimate Oscillator for TZA rose from 39.5 to 48.1 (+8.6) while TZA was up 3.8%. No divergence. Good for TZA.
MACD fastline & slowline are below zero but rising. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today, $RVX climbed above and closed below the top Bollinger band. MACD both lines are rising. Good for TZA.
Bollinger Bands for $RUT: Today, $RUT had a long tail red candle that closed between the 50day moving average and the lower Bollinger Band. MACD appears to be falling. Good for TZA.
TZA had a higher high & higher low & higher close (good for TZA)
Money flow for the Total Stock Market:
$ 21 million flowing out of the market 2 days ago.
$ 42 million flowing into the market yesterday.
$ 264 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.
You are correct and iam in. I add very cautiously but am very short. Question will be whether to ride out a bounce or not.
In Dow Theory if we go below 10,221 there will be a crater.
Sundancer,
I am unfamiliar with these charts so I presume the bouncing off the white line is the spine referred to. What are these lines representing?
Thanks for your assist.
Jim Hobson
How do I know…check your out box!
CONGRATS on that feat. That puts you ahead of almost everyone that I know.
Unwinding spreads requires constant vigilance which amazes me given the babies.
My work here is done. As my Dad told me 'A word to the wise is sufficient'.
And that means we will probably tag 993 Friday morning. Hard to believe.
Yes, you are. The big move should be made tomorrow with a lower low put in on Friday and then a hard reversal. Moral of the story – get out at the open on Friday. Of course that is, if history repeats!
How do you know?! Believe you me, I am well aware of the dangers of leverage and yes i know, my trades have been too risky. However, if you use options properly, I actually think they make the most sense in markets like this as you can limit your capital investment. You have to be careful when you are dealing with options that are close to expiration and sometimes it's best to hedge with spreads. Nonetheless though, I have multiplied my account 5 times in the past 2 weeks and I wouldn't have been able to do it without leverage. Granted – I could have lost it all. I won't be this crazy going forward!