Leo… I am a petroleum engineer by degree. Worked for Shell Oil designing offshore completions for them in the Gulf of Mexico and in Africa. What zstock posted above is TOTAL NONSENSE. While they are drilling a relief well near by to plug the leaking well they will try to stop or contain the leak with the box idea. Which btw I find very clever. The idea of nuking a well to stop it flowing makes no sense if one thinks about it.
TNA had a highly reliable SELL-IF signal, and now has a confirmed SELL. Two weekends ago, TNA was up 60% from it’s buy, and was rated a HOLD One weekend ago, TNA had fallen but was still up 43% from it’s buy, and was rated a possible sell. This weekend, TNA has fallen some more, and now is an official SELL, but it’s now up only 7.7%. The key action was the sell during this past week (not waiting for the week to end), as soon as it became clear that TNA would be falling below last weeks close. AmericanBulls uses the price at the close of last week, and claims to have sold while still up 43%. That’s not really reasonable, but it’s somewhere in the ballpark.
TZA had a highly reliable BUY-IF signal, and now has a confirmed BUY. While TZA closed at $7.60 today, AmericanBulls considers the weekly buy price to be $5.92, the close last week. Same issue here as was with TNA – can’t wait for the weekend to take action of the weekly view.
Of the stocks & ETFs I follow, these are to own for this week: UUP(US Dollar) GLD (gold) RWM (-1x $RUT) TWM (-2x $RUT) TZA (-3x $RUT) SRS (-2x RE) DRV (-3x RE) ERY (-3x energy) SKF (-2x Financials) FAZ (-3x Financials) EPV (-2x Europe) SPXU (-3x $SPX) DXD (-2x DOW30)
de-lever tick are where the operators liquidate their inventory, in this case @ a minimum SPY 105.00
% setup
#1
$SPX 3.6.2009 : 6.11.2009 = 43.41%
$SPX 6.11.2009: 7.8.2009 = -9.09%
43.41/9.09 = 4.77
#2
$SPX 7.8.2009 : 9.23.2009 = 24.25%
$SPX 9.23.2009: 10.2.2009 = -5.57%
24.25/5.57 = 4.35
AVG. of 4.77 : 4.35 = 4.56
#3
$SPX 10.2.2009 : $SPX 10.21.2009 = 7.98%
$SPX 10.21.2009: $SPX 11.2.2009 = -6.54%
7.98/6.54 = 1.22
#4
$SPX 11.2.2009 : 1.19.2009 = 11.76%
$SPX 1.19.2009 : 2.5.2010 = -9.21%
11.76/9.21 = 1.27
AVG of 1.22 : 1.27 = 1.245
Leo… I am a petroleum engineer by degree. Worked for Shell Oil designing offshore completions for them in the Gulf of Mexico and in Africa. What zstock posted above is TOTAL NONSENSE. While they are drilling a relief well near by to plug the leaking well they will try to stop or contain the leak with the box idea. Which btw I find very clever. The idea of nuking a well to stop it flowing makes no sense if one thinks about it.
The Weekly view from Americanbulls
TNA had a highly reliable SELL-IF signal, and now has a confirmed SELL.
Two weekends ago, TNA was up 60% from it’s buy, and was rated a HOLD
One weekend ago, TNA had fallen but was still up 43% from it’s buy, and was rated a possible sell.
This weekend, TNA has fallen some more, and now is an official SELL, but it’s now up only 7.7%.
The key action was the sell during this past week (not waiting for the week to end), as soon as it became clear that TNA would be falling below last weeks close. AmericanBulls uses the price at the close of last week, and claims to have sold while still up 43%. That’s not really reasonable, but it’s somewhere in the ballpark.
TZA had a highly reliable BUY-IF signal, and now has a confirmed BUY. While TZA closed at $7.60 today, AmericanBulls considers the weekly buy price to be $5.92, the close last week. Same issue here as was with TNA – can’t wait for the weekend to take action of the weekly view.
Of the stocks & ETFs I follow, these are to own for this week:
UUP(US Dollar)
GLD (gold)
RWM (-1x $RUT)
TWM (-2x $RUT)
TZA (-3x $RUT)
SRS (-2x RE)
DRV (-3x RE)
ERY (-3x energy)
SKF (-2x Financials)
FAZ (-3x Financials)
EPV (-2x Europe)
SPXU (-3x $SPX)
DXD (-2x DOW30)
The weekly view is very Bearish.
This is an old post now. Please drop by the home page. I'll have my weekend update up by late Sunday night.
The only way to know for sure is to wait and see.
Sundancer – pls can u explain what you mean by the delever tick … also, what these % are ?
Thanks 🙂
Holy Cow! Unreal… the levels that this people go to, just blows my mind. Thank's for the information Z…
what a mess. Not eating anymore fish for a while. Jeez
Someone told me, they are considering nuking the oil leak!
So, if the leak, they tell you, it stopped on it's own….The cover up has begun.
Great Article Stock Tech…
Thanks for posting it. I'm going to use in my Weekend Update.