I'm working on it, but it's not easy… that's for sure. So, what are you expecting for Monday's open? A gap down seems likely too me, since they closed it below the purple line.
If I can't get in, and miss the sell off down to 105, it will just be a learning experience. I'm going to go long around 106, as it takes time for the market order to fill. So, if I place it while it's dropping, then I should get filled… hopefully.
TZA opened up 2.5%, and the opening gap was filled. TZA was up 12% at the high, and closed up 8.5%.
An earlier gap up from $5.53 to $5.77 remains unfilled.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls had TNA with a Wait today, and TNA fell, so TNA will be a Wait for tomorrow. AmericanBulls had TZA with a Hold today, and TZA was up, so TZA will be a Hold for tomorrow. TZA bought at $5.54. TZA closed today at $7.61, so this trade is now up 37.3%.
Volume for TZA today was 85% of yesterday’s, which was the highest ever — about 4 times the average.
$RVX (VIX for $RUT) closed up 28.6% with TZA up 8.5%.
TZA has been up the last 4 days, each day better than the last. Good for TZA.
The low for TZA was from eight days ago at $5.30. Today’s low was $6.91, 30% higher. Good for TZA.
Ultimate Oscillator for TZA rose from 47.3 to 51.4 while TZA rose 8.5%. No divergence, but over 50 is good for TZA.
MACD is below zero, but has been moving up steadily, and up a lot today, almost to zero. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Monster white candle closed far and away above the spot that I would normally consider to be far and above the upper Bollinger Band. MACD is wildly & vertically rising. Good for TZA for the time being.
Bollinger Bands for $RUT: Today’s red candle was entirely below the lower Bollinger band. MACD has rolled over (down) and falling hard. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The long red candle today was entirely below the bottom Bollinger band and no where near it. Supposed to be quite rare, but have been commonplace of late. The close below the lower Bollinger Band is considered a $RUT buy signal, but I don’t think anyone is going to believe that now. Good for TZA.
Down volume on the NYSE today yesterday was 22 times the up volume. Only 5 times today. In the recent past this has been followed by an up day either the next day or the day after that, but I think we are to the point where down days can be expected.
TZA had a lower high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market: $ 1,649 million flowing out of the market 2 days. $ 874 million flowing into the market yesterday. $ 198 million flowing out of the market today. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks exciting for TZA for Monday. Wouldn’t surprise me if the market fell apart Monday.
I chickened out too… I know it's going down, but it seems that every time I short it lately, they rally against me. I think I screwed up by not going short today, as a gap down Monday is likely.
But, I did get out on the first dip down to 109.65, with a profit. So, I'm happy about that. Better to be on the sideways with cash, then in a position that's going against you.
–The premium fell off my AAPL calls like an SOB at the EOD. Small fry selling? The stock went up in the last few minutes. –Big money seemed to be mostly buying SDS today, but there were very large trades both ways. The lower TL that it was following all day (very much like a bear flag) was violated at the EOD, though large last-minute volume was an uptick. –Huge market trading volume today, temporary bottom-like. –Dow is contained above 10,000. Us pigeons need reassurance in order to start throwing money at the market. OTOH, the foxes are asking for financial reform, so who knows? –Money flow has been flat on today's decline. Could either mean that the move is temporary, or the pigeons aren't scared enough yet.
I made a few bucks on SDS but chickened out at the end, so I'll probably miss the crash. 10,241 seems pretty low for now, no? There will be opportunities in the fake bull market. If we get a real sell confirmation, I will short to beat the band.
For now, the foxes get none of my cash except a few scraps for tiny options plays.
Looking at that chart you posted, I'd gap it down to get below those purple and yellow lines. Oh well, I'll still catch the ride back up…. hopefully. I'd rather miss and opportunity then get trapped on the wrong side.
It's a process, often a painful one as terminal moves are the most profitable ones
I really don't have a bias for Monday's open
I'll post a chart this weekend showing the SPY 105.00 tick co-relational to a containment pt. on the weekly chart that I talked about a while back
This past week you've put together some great trades & it'll help your confidence
I'm working on it, but it's not easy… that's for sure. So, what are you expecting for Monday's open? A gap down seems likely too me, since they closed it below the purple line.
If I can't get in, and miss the sell off down to 105, it will just be a learning experience. I'm going to go long around 106, as it takes time for the market order to fill. So, if I place it while it's dropping, then I should get filled… hopefully.
Any advice is welcome.
$SPX busted like the 4th of July
http://www.flickr.com/photos/47091634@N04/45877…
On to the next set of twin containment pts.
The operators closed the $SPX below purple containment which held the $SPX during the 2.5.2010 low
Monday & Tuesday will be great days for you to experience the Final Harvest
Early in my career, I could never hold my positions long enough & left so much money on the table it made me sick
Over time, my mind finally broke free & could finally see things crystal clear
TZA opened up 2.5%, and the opening gap was filled. TZA was up 12% at the high, and closed up 8.5%.
An earlier gap up from $5.53 to $5.77 remains unfilled.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls had TNA with a Wait today, and TNA fell, so TNA will be a Wait for tomorrow.
AmericanBulls had TZA with a Hold today, and TZA was up, so TZA will be a Hold for tomorrow. TZA bought at $5.54. TZA closed today at $7.61, so this trade is now up 37.3%.
Volume for TZA today was 85% of yesterday’s, which was the highest ever — about 4 times the average.
$RVX (VIX for $RUT) closed up 28.6% with TZA up 8.5%.
TZA has been up the last 4 days, each day better than the last. Good for TZA.
The low for TZA was from eight days ago at $5.30. Today’s low was $6.91, 30% higher. Good for TZA.
Ultimate Oscillator for TZA rose from 47.3 to 51.4 while TZA rose 8.5%. No divergence, but over 50 is good for TZA.
MACD is below zero, but has been moving up steadily, and up a lot today, almost to zero. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Monster white candle closed far and away above the spot that I would normally consider to be far and above the upper Bollinger Band. MACD is wildly & vertically rising. Good for TZA for the time being.
Bollinger Bands for $RUT: Today’s red candle was entirely below the lower Bollinger band. MACD has rolled over (down) and falling hard. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The long red candle today was entirely below the bottom Bollinger band and no where near it. Supposed to be quite rare, but have been commonplace of late. The close below the lower Bollinger Band is considered a $RUT buy signal, but I don’t think anyone is going to believe that now. Good for TZA.
Down volume on the NYSE today yesterday was 22 times the up volume. Only 5 times today. In the recent past this has been followed by an up day either the next day or the day after that, but I think we are to the point where down days can be expected.
TZA had a lower high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market:
$ 1,649 million flowing out of the market 2 days.
$ 874 million flowing into the market yesterday.
$ 198 million flowing out of the market today.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks exciting for TZA for Monday. Wouldn’t surprise me if the market fell apart Monday.
I chickened out too… I know it's going down, but it seems that every time I short it lately, they rally against me. I think I screwed up by not going short today, as a gap down Monday is likely.
But, I did get out on the first dip down to 109.65, with a profit. So, I'm happy about that. Better to be on the sideways with cash, then in a position that's going against you.
A few observations:
–The premium fell off my AAPL calls like an SOB at the EOD. Small fry selling? The stock went up in the last few minutes.
–Big money seemed to be mostly buying SDS today, but there were very large trades both ways. The lower TL that it was following all day (very much like a bear flag) was violated at the EOD, though large last-minute volume was an uptick.
–Huge market trading volume today, temporary bottom-like.
–Dow is contained above 10,000. Us pigeons need reassurance in order to start throwing money at the market. OTOH, the foxes are asking for financial reform, so who knows?
–Money flow has been flat on today's decline. Could either mean that the move is temporary, or the pigeons aren't scared enough yet.
I made a few bucks on SDS but chickened out at the end, so I'll probably miss the crash. 10,241 seems pretty low for now, no? There will be opportunities in the fake bull market. If we get a real sell confirmation, I will short to beat the band.
For now, the foxes get none of my cash except a few scraps for tiny options plays.
Looking at that chart you posted, I'd gap it down to get below those purple and yellow lines. Oh well, I'll still catch the ride back up…. hopefully. I'd rather miss and opportunity then get trapped on the wrong side.
You see a gap down? I'm in cash, and so is Monica
USO is low enough, for MON to start moving higher. MOS,AGU too!