As with any chartists I guess. Tops and bottoms are difficult. I rode april09 -Nov 09 and did not have to do anything. Since then whether its fib or Elliot or other we are wrong a high % of the time.
AmericanBulls derives their opinions from Japanese Candlestick theory. They are awesome during trends when a stock or ETF is headed up, but can eat you alive when prices go up and down days on end.
I do not know where they get their opinions but i was real sorry I got stopped out of TZA FAZ TYP vxx today and was able to salvage by getting back in close to the stop after the market turned..
And now look at the futures.
It looks like Red called it if it all follows through just Wednesday instead of Tuesday.
TNA had been a possible buy for today, was up a bit, and now is a Confirmed Buy. The buy price is the previous close — $55.69
TZA had been a possible sell for today, was down a bit, and now is a confirmed Sell. The sell price is the previous close — $6.34. This trade ends today — TZA buy price was $5.54. TZA sell price was $6.34, up 14.4% since the buy.
Of the stocks & ETFs I follow, these are to hold on to: IWM (1x $RUT) UWM (2x $RUT) TNA (3x $RUT) IYR(1x RE) URE(2x RE) DRN(3x RE) UUP(US Dollar) GLD (gold) UGL (2x Gold) SLV(silver) AAPL DRI SCO (-2x Oil) DTO (-3x oil) EPV (-2x Europe) DZZ (-2x Gold)
The list to avoid: USO(oil) UCO(2x Oil) GS EWG(Germany) EWQ(France) EWU(England) EWX(emerging mkts) RWM (-1x $RUT) TWM (-2x $RUT) TZA (-3x $RUT) SRS (-2x RE) DRV (-3x RE)
The following are possible buys tomorrow: ERX(3x energy) AMZN GOOG DIA SPY QQQQ QLD (2x QQQQ)
The following are possible sells tomorrow. ERY (-3x energy) SKF (-2x Financials) FAZ (-3x Financials) SPXU (-3x $SPX) QID (-2x QQQQ) DXD (-2x DOW30)
TZA opened up 3.6%, and the opening gap was filled. TZA was up 4.5% at it’s high, and closed down 2.21%.
An earlier, lower gap from $5.53 to $5.77 remains unfilled. An earlier, higher gap from $6.72 to $7.61 remains unfilled.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls had TNA with a possible buy today, and TNA was up a bit, so TNA might be a BUY right now. AmericanBulls had TZA with a possible sell today, and TZA was down a bit, so TZA might be a SELL right now. TZA bought at $5.54. TZA closed today at $6.20, so this trade is now up 11.9%.
Volume for TZA today was a bit more than usual.
$RVX (VIX for $RUT) closed down 1.54% with TZA down 2.21%. A mild divergence, Good for TZA.
TZA had been up 4 days in a row, but now down 2 days. Bad for TZA.
The low for TZA was from eight days ago at $5.30. Today’s low was $5.93, 11.9% higher. Still ok for TZA.
Today, Ultimate Oscillator for TZA dropped from 44 to 41 while TZA dropped 2.2%. No divergence.
MACD is below zero, but has been moving up steadily lately, but the fast line is now flat to falling. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Two days ago, the monster white candle closed far and away above the spot that I would normally consider to far and above the upper Bollinger Band. MACD was wildly & vertically rising. Yesterday, the small white candle closed well below the upper Bollinger Band – completing step #2 of a 3 step $RUT buy signal. Today, a red candle closed below the close of yesterday, completing a $RUT Buy Signal. MACD fast line was flat today. Bad for TZA.
Bollinger Bands for $RUT: Today’s white candle closed at the 50day moving average and has, at times, bounced from this line. A bounce from here would be down. MACD has rolled over (down) and is still falling, but the fast line was flat today. Might be good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The white candle today was up a bit from yesterday, consistent with TZA falling. Bad for TZA.
The McClellan Oscillator for today looked very much like that of Feb 2nd, which was followed by $RUT downside. Good for TZA.
TZA had a lower high, lower low and lower close – Bad for TZA.
Money flow for the Total Stock Market: $ 198 million flowing out of the market 2 days ago. $ 2,881 million flowing into the market yesterday. $ 693 million flowing out the market today. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, Good for TZA. (relying somewhat on what appeared to be a reversal today favoring TZA)
As with any chartists I guess. Tops and bottoms are difficult. I rode april09 -Nov 09 and did not have to do anything. Since then whether its fib or Elliot or other we are wrong a high % of the time.
We will go up StockTech… but another sell off it coming first.
Looks like we go up from here. Further evidence
http://stockcharts.com/h-sc/ui?s=rut&p=D&b=5&g=…
small caps riskier than the q's and spx. When you see small caps move the other larger caps follow. imo
AmericanBulls derives their opinions from Japanese Candlestick theory. They are awesome during trends when a stock or ETF is headed up, but can eat you alive when prices go up and down days on end.
I do not know where they get their opinions but i was real sorry I got stopped out of TZA FAZ TYP vxx today and was able to salvage by getting back in close to the stop after the market turned..
And now look at the futures.
It looks like Red called it if it all follows through just Wednesday instead of Tuesday.
The Daily view from Americanbulls
TNA had been a possible buy for today, was up a bit, and now is a Confirmed Buy. The buy price is the previous close — $55.69
TZA had been a possible sell for today, was down a bit, and now is a confirmed Sell. The sell price is the previous close — $6.34.
This trade ends today — TZA buy price was $5.54. TZA sell price was $6.34, up 14.4% since the buy.
Of the stocks & ETFs I follow, these are to hold on to:
IWM (1x $RUT)
UWM (2x $RUT)
TNA (3x $RUT)
IYR(1x RE)
URE(2x RE)
DRN(3x RE)
UUP(US Dollar)
GLD (gold)
UGL (2x Gold)
SLV(silver)
AAPL
DRI
SCO (-2x Oil)
DTO (-3x oil)
EPV (-2x Europe)
DZZ (-2x Gold)
The list to avoid:
USO(oil)
UCO(2x Oil)
GS
EWG(Germany)
EWQ(France)
EWU(England)
EWX(emerging mkts)
RWM (-1x $RUT)
TWM (-2x $RUT)
TZA (-3x $RUT)
SRS (-2x RE)
DRV (-3x RE)
The following are possible buys tomorrow:
ERX(3x energy)
AMZN
GOOG
DIA
SPY
QQQQ
QLD (2x QQQQ)
The following are possible sells tomorrow.
ERY (-3x energy)
SKF (-2x Financials)
FAZ (-3x Financials)
SPXU (-3x $SPX)
QID (-2x QQQQ)
DXD (-2x DOW30)
Action for TNA or TZA for tomorrow: none
Tomorrow we will have dinner in hell…
http://midasfinancialmarkets.blogspot.com/2010/…
It's already tattooed on my forehead… LOL
Red make a post it for JUNE 25th, 2010 . I did. get ready
TZA opened up 3.6%, and the opening gap was filled. TZA was up 4.5% at it’s high, and closed down 2.21%.
An earlier, lower gap from $5.53 to $5.77 remains unfilled.
An earlier, higher gap from $6.72 to $7.61 remains unfilled.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls had TNA with a possible buy today, and TNA was up a bit, so TNA might be a BUY right now.
AmericanBulls had TZA with a possible sell today, and TZA was down a bit, so TZA might be a SELL right now. TZA bought at $5.54. TZA closed today at $6.20, so this trade is now up 11.9%.
Volume for TZA today was a bit more than usual.
$RVX (VIX for $RUT) closed down 1.54% with TZA down 2.21%. A mild divergence, Good for TZA.
TZA had been up 4 days in a row, but now down 2 days. Bad for TZA.
The low for TZA was from eight days ago at $5.30. Today’s low was $5.93, 11.9% higher. Still ok for TZA.
Today, Ultimate Oscillator for TZA dropped from 44 to 41 while TZA dropped 2.2%. No divergence.
MACD is below zero, but has been moving up steadily lately, but the fast line is now flat to falling. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Two days ago, the monster white candle closed far and away above the spot that I would normally consider to far and above the upper Bollinger Band. MACD was wildly & vertically rising. Yesterday, the small white candle closed well below the upper Bollinger Band – completing step #2 of a 3 step $RUT buy signal. Today, a red candle closed below the close of yesterday, completing a $RUT Buy Signal. MACD fast line was flat today. Bad for TZA.
Bollinger Bands for $RUT: Today’s white candle closed at the 50day moving average and has, at times, bounced from this line. A bounce from here would be down. MACD has rolled over (down) and is still falling, but the fast line was flat today. Might be good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The white candle today was up a bit from yesterday, consistent with TZA falling. Bad for TZA.
The McClellan Oscillator for today looked very much like that of Feb 2nd, which was followed by $RUT downside. Good for TZA.
TZA had a lower high, lower low and lower close – Bad for TZA.
Money flow for the Total Stock Market:
$ 198 million flowing out of the market 2 days ago.
$ 2,881 million flowing into the market yesterday.
$ 693 million flowing out the market today.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, Good for TZA. (relying somewhat on what appeared to be a reversal today favoring TZA)