damn, I forgot to mention…no wonder the consumers are picking up steam…they're spending their mortgage money…robbing peter to pay paul…sure, it looks good on paper…the poop will hit the fan, and my short will pay off in the end…just hope it's not when the RUT hits 850.
one last thought and I'll stop pestering you. here is another tid bit that is so very true!!!! I know, because many folks in my neighborhood are doing it…one guy for 18 months. and he says, 'why not join the crowd???' have a great night sir. we love your posts on the TZA/TNA board on FB. you are a hoot!
That's funny as hell Bob… Yeah, we are know they lie through their teeth, every time they open their mouth. But, most American's are too busy watching Jerry Springer, or some stupid reality show.
If they only knew that the reality shows they watch are fiction, and the real reality is “that kind of news”, then maybe they'd wake up and complain some.
But, they are happy living in their little fantasy world for now. Of course when they lose their job they'll change their tune…
TNA had a BUY-IF signal for today,but was down today, and is a Wait for tomorrow.
TZA had a SELL-IF signal for today, but was up today, and is a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.92, up 7 percent since the buy.
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +4 Hold: GLD(gold, up 3.1%), SLV(silver, up 7.7%), UCO (2x oil, up 3.3%), QQQQ(down 0.7%)
Transition to Market Positive: +3 Possible Buy: EWQ(France), EWG(Germany), AAPL,
Transition to Market Negative: -4 Possible Sell: EWU(England), DIA, SPY, USO(oil)
I really don't know what all takes place in the gulf of Mexico that might get messed up or forever ruined by a coating of oil for who knows how long.
I am now wondering if the market, which has been going up lately, will just fall until there seems to be a resolution to the oil leak and some calculation of the damages.
I partly mean the damages from the oil. But the bigger damage might come from our collectively idiotic political leaders and the stunningly stupid election specialists that seem to go along with whatever seems dumbest.
I lack the imagination to guess what new laws might be on the way, but I can see new taxes, new government agencies, more government oversight, more regulations, more restrictions. For starters.
TZA opened flat. TZA was up 8.8% at the high, and closed there. TNA opened flat. TNA was up 0.6% at the high, and closed down 8.7%.
We are now in a Full Moon Trade as of 2 days ago (can’t believe I forgot to check), which tends to favor TNA. AmericanBulls had TNA with a BUY-IF, & TNA was down big today, so TNA remains a Wait. AmericanBulls had TZA with a SELL-IF, & TZA was up big today, so TZA remains a Hold. TZA bought at $5.54. TZA closed today at $5.93, so this trade is now up 7.0%
Volume for TZA today was average.
$RVX (VIX for $RUT) closed up 18.8% with TZA up 8.8%. No divergence.
TZA was up two days, and then down two, and now up today. Good for TZA.
The low for TZA was from two days ago at $5.30. Today’s low was $5.42, 2.2% higher.
Yesterday, Ultimate Oscillator fell from 37 to 35 while TZA closed down 6.3%, no divergence technically, but the reading of 35 held up very well considering how far TZA fell. Seemed like a bit of a divergence. Today TZA was up 8.8% and the reading went from 35 to 46. Good for TZA.
MACD on the monthly chart had been a flat line at -0.50 for 10 days. Now is moving up a bit, and rose today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s very long white candle closed well above the upper Bollinger band, rather like 3 days ago. MACD is aggressively rising. This could be the 1st day of a 3-day $RUT buy signal. Bad for TZA, perhaps.
Bollinger Bands for $RUT: Today’s long black candle closed at the mid Bollinger line (20 day moving average). The last time $RUT fell to touch the 20 day moving average, it bounced for days. MACD has rolled over (down). Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): the black candle today was entirely below the bottom Bollinger band(This happened Jan 22nd, and at that time $RUT fell generally for 9 days). This also happened 3 days ago and was followed by two up days. This close below the lower Bollinger Band is considered a $RUT buy signal. Bad for TZA.
The chart of $NYUPV:$NYDNV (NYSE up volume to NYSE down volume) showed a down spike, not as large as some others, but a spike none the less. Previous such down spikes were followed by a single down day and then $RUT upside. Bad for TZA, perhaps not so much tomorrow.
TZA had a lower low, higher high and much much higher close – Good for TZA.
Money flow for the Total Stock Market: $ 1,404 million flowing out of the market today on a down day 2 days ago. $ 1,276 million flowing into the market today on an up day yesterday. $ 108 million flowing into the market today on a down day. Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
News is a huge wildcard. A bailout package for Greece could get finalized over the weekend, and I'm sure that would cause a big rally as dumb retail buys the news. It is after all, a Monday, and the 1st of the month (401K money will pile in).
If you track foreign indicies, $$SSEC seems to have found a bottom (maybe!). If Shanghai is green by the time US markets open, it will definitely be a green day.
damn, I forgot to mention…no wonder the consumers are picking up steam…they're spending their mortgage money…robbing peter to pay paul…sure, it looks good on paper…the poop will hit the fan, and my short will pay off in the end…just hope it's not when the RUT hits 850.
one last thought and I'll stop pestering you. here is another tid bit that is so very true!!!! I know, because many folks in my neighborhood are doing it…one guy for 18 months. and he says, 'why not join the crowd???' have a great night sir. we love your posts on the TZA/TNA board on FB. you are a hoot!
http://investmentwatchblog.com/warning-19000000…
That's funny as hell Bob… Yeah, we are know they lie through their teeth, every time they open their mouth. But, most American's are too busy watching Jerry Springer, or some stupid reality show.
If they only knew that the reality shows they watch are fiction, and the real reality is “that kind of news”, then maybe they'd wake up and complain some.
But, they are happy living in their little fantasy world for now. Of course when they lose their job they'll change their tune…
how the hell do they get away with Red?
http://investmentwatchblog.com/just-tell-me-if-…
great posting…keep up the good work.
A good political hack must never waste a crisis. 😉
The Daily view from Americanbulls
TNA had a BUY-IF signal for today,but was down today, and is a Wait for tomorrow.
TZA had a SELL-IF signal for today, but was up today, and is a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.92, up 7 percent since the buy.
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +4
Hold: GLD(gold, up 3.1%), SLV(silver, up 7.7%), UCO (2x oil, up 3.3%), QQQQ(down 0.7%)
Transition to Market Positive: +3
Possible Buy: EWQ(France), EWG(Germany), AAPL,
Transition to Market Negative: -4
Possible Sell: EWU(England), DIA, SPY, USO(oil)
Market Negative: -12
Wait: TNA(3x), UWM(2x), IWM(1x), AMZN, DRI, GOOG, ERX(3x energy), EWX(emerging mkts), IYR(1x RE), URE(2x RE), DRN(3x RE), GS
Comment: Bearish overall, Bullish Oil, Bearish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: none
I really don't know what all takes place in the gulf of Mexico that might get messed up or forever ruined by a coating of oil for who knows how long.
I am now wondering if the market, which has been going up lately, will just fall until there seems to be a resolution to the oil leak and some calculation of the damages.
I partly mean the damages from the oil. But the bigger damage might come from our collectively idiotic political leaders and the stunningly stupid election specialists that seem to go along with whatever seems dumbest.
I lack the imagination to guess what new laws might be on the way, but I can see new taxes, new government agencies, more government oversight, more regulations, more restrictions. For starters.
I tend to agree. Carl was looking for a low today or Monday in the 1185-1190 area, and we got that today.
TZA opened flat. TZA was up 8.8% at the high, and closed there.
TNA opened flat. TNA was up 0.6% at the high, and closed down 8.7%.
We are now in a Full Moon Trade as of 2 days ago (can’t believe I forgot to check), which tends to favor TNA.
AmericanBulls had TNA with a BUY-IF, & TNA was down big today, so TNA remains a Wait.
AmericanBulls had TZA with a SELL-IF, & TZA was up big today, so TZA remains a Hold. TZA bought at $5.54. TZA closed today at $5.93, so this trade is now up 7.0%
Volume for TZA today was average.
$RVX (VIX for $RUT) closed up 18.8% with TZA up 8.8%. No divergence.
TZA was up two days, and then down two, and now up today. Good for TZA.
The low for TZA was from two days ago at $5.30. Today’s low was $5.42, 2.2% higher.
Yesterday, Ultimate Oscillator fell from 37 to 35 while TZA closed down 6.3%, no divergence technically, but the reading of 35 held up very well considering how far TZA fell. Seemed like a bit of a divergence. Today TZA was up 8.8% and the reading went from 35 to 46. Good for TZA.
MACD on the monthly chart had been a flat line at -0.50 for 10 days. Now is moving up a bit, and rose today. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s very long white candle closed well above the upper Bollinger band, rather like 3 days ago. MACD is aggressively rising. This could be the 1st day of a 3-day $RUT buy signal. Bad for TZA, perhaps.
Bollinger Bands for $RUT: Today’s long black candle closed at the mid Bollinger line (20 day moving average). The last time $RUT fell to touch the 20 day moving average, it bounced for days. MACD has rolled over (down). Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): the black candle today was entirely below the bottom Bollinger band(This happened Jan 22nd, and at that time $RUT fell generally for 9 days). This also happened 3 days ago and was followed by two up days. This close below the lower Bollinger Band is considered a $RUT buy signal. Bad for TZA.
The chart of $NYUPV:$NYDNV (NYSE up volume to NYSE down volume) showed a down spike, not as large as some others, but a spike none the less. Previous such down spikes were followed by a single down day and then $RUT upside. Bad for TZA, perhaps not so much tomorrow.
TZA had a lower low, higher high and much much higher close – Good for TZA.
Money flow for the Total Stock Market:
$ 1,404 million flowing out of the market today on a down day 2 days ago.
$ 1,276 million flowing into the market today on an up day yesterday.
$ 108 million flowing into the market today on a down day.
Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA.
News is a huge wildcard. A bailout package for Greece could get finalized over the weekend, and I'm sure that would cause a big rally as dumb retail buys the news. It is after all, a Monday, and the 1st of the month (401K money will pile in).
If you track foreign indicies, $$SSEC seems to have found a bottom (maybe!). If Shanghai is green by the time US markets open, it will definitely be a green day.