TZA opened up 2.3%, and the opening gap was filled. TZA was up 28.4% at the high, and closed up 11.2%.
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 $7.01, so this trade is now up 26.5%.
Volume for TZA today was highest ever — about 4 times the average.
$RVX (VIX for $RUT) closed up 10.4% with TZA up 11.2%.
TZA has been up, then down, for 7 days now. Chop, but drifting up. Good for TZA.
The low for TZA was from seven days ago at $5.30. Today’s low was $6.23, 17.5% higher. Good for TZA.
Yesterday, Ultimate Oscillator for TZA dropped from 55.9 to 55.09 – a small drop that mismatched the 4.3% gain in TZA. Today, Ultimate Oscillator for TZA dropped from 55.09 to 47.3 – a fair sized drop that mismatches the 11.2% gain in TZA. A reading over 50 moving to a reading under 50 is bad, and this is a big divergence. Bad for TZA.
MACD is below zero, but has been moving up steadily, and up a lot today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): White candle closed far and away above the upper Bollinger Band. MACD is aggressively rising. This could be the 1st day of a 3-day $RUT buy signal. Good for TZA for the time being.
Bollinger Bands for $RUT: Today’s red candle closed far and away below the lower Bollinger band with a huge tail. This could be the beginning of a bounce in $RUT, Bad for TZA. MACD has rolled over (down) and falling. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The red candle today was far and away below the bottom Bollinger band. Happens all the time lately, but it’s really supposed to be quite rare. The close below the lower Bollinger Band is considered a $RUT buy signal. Bad for TZA, for a day or two.
Down volume on the NYSE today was 22 times the up volume. In the recent past this has been followed by an up day either the next day or the day after that. Bad for TZA tomorrow or the next day.
TZA had a higher high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market: $ 1,736 million flowing out of the market 2 days ago. $ 1,649 million flowing out of the market yesterday. $ 874 million flowing into the market today. Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
The VIX will be huge, so you have to do a spread. I'll have to do some research over the weekend, and I'll let you know. Just have your trigger finger ready…
For some reason, I feel like 2 months isn't long enough to put in new highs after such a big move down? But I guess the exact timing of the top doesn't matter that much as long as we move up into the end of June expiration?
Red, it looks like that gap is at around 1080, no? Did Anna get ahold of you? I tried to put a trade trigger in at 1055 but couldn't type fast enough so wound up covering most around the 1080 level. Can't complain though – this has been the best week of my life!
TZA opened up 2.3%, and the opening gap was filled. TZA was up 28.4% at the high, and closed up 11.2%.
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 $7.01, so this trade is now up 26.5%.
Volume for TZA today was highest ever — about 4 times the average.
$RVX (VIX for $RUT) closed up 10.4% with TZA up 11.2%.
TZA has been up, then down, for 7 days now. Chop, but drifting up. Good for TZA.
The low for TZA was from seven days ago at $5.30. Today’s low was $6.23, 17.5% higher. Good for TZA.
Yesterday, Ultimate Oscillator for TZA dropped from 55.9 to 55.09 – a small drop that mismatched the 4.3% gain in TZA. Today, Ultimate Oscillator for TZA dropped from 55.09 to 47.3 – a fair sized drop that mismatches the 11.2% gain in TZA. A reading over 50 moving to a reading under 50 is bad, and this is a big divergence. Bad for TZA.
MACD is below zero, but has been moving up steadily, and up a lot today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): White candle closed far and away above the upper Bollinger Band. MACD is aggressively rising. This could be the 1st day of a 3-day $RUT buy signal. Good for TZA for the time being.
Bollinger Bands for $RUT: Today’s red candle closed far and away below the lower Bollinger band with a huge tail. This could be the beginning of a bounce in $RUT, Bad for TZA. MACD has rolled over (down) and falling. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): The red candle today was far and away below the bottom Bollinger band. Happens all the time lately, but it’s really supposed to be quite rare. The close below the lower Bollinger Band is considered a $RUT buy signal. Bad for TZA, for a day or two.
Down volume on the NYSE today was 22 times the up volume. In the recent past this has been followed by an up day either the next day or the day after that. Bad for TZA tomorrow or the next day.
TZA had a higher high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market:
$ 1,736 million flowing out of the market 2 days ago.
$ 1,649 million flowing out of the market yesterday.
$ 874 million flowing into the market today.
Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA for tomorrow.
Alright – I definitely will and appreciate your advice since I am new to options.
The VIX will be huge, so you have to do a spread. I'll have to do some research over the weekend, and I'll let you know. Just have your trigger finger ready…
For some reason, I feel like 2 months isn't long enough to put in new highs after such a big move down? But I guess the exact timing of the top doesn't matter that much as long as we move up into the end of June expiration?
i will be going long then. How will you go long? Late June out of the money calls?
I'll be taking Monday and Tuesday off… that's for sure! Once this 105.00 is hit for the second time, I'm assuming it will be safe to go long then?
You will still be OK. Set some trade triggers or don't go to work next week!
It will be on tonight post… Thanks for everything you've shared with all of us. You are changing a lot of peoples' lives… who listen.
No Monica, but I just talked to her on the phone. I was out of cell phone range. (kicking myself here)
Red, it looks like that gap is at around 1080, no? Did Anna get ahold of you? I tried to put a trade trigger in at 1055 but couldn't type fast enough so wound up covering most around the 1080 level. Can't complain though – this has been the best week of my life!