Juliet Rose born April 28th. All is well – I'm being discharged today. Hope you guys are doing well and I'm sure you'll be hearing more from me next week!
TNA had a Wait signal, was up a lot today, and has a highly reliable BUY-IF for tomorrow. The TNA sell was at $69.05 (AB price), and the close today was at $69.53, up 0.7% since the sell. The candlestick today was a Long White Candlestick (strong buying pressure). The last two candlesticks formed a highly reliable Bullish Kicking Pattern.
TZA had a Hold signal, was down a lot today, and now has a highly reliable SELL-IF signal for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.44, down 10 cents since the buy. The candlestick for today was a Black Candlestick (normal selling pressure). The last two candlesticks formed a highly reliable Bearish Kicking Pattern.
Three recent TZA Buy signals have failed and may perhaps serve as a warning: Buy at $7.33, sell at $7.14 Buy at $7.11, sell at $7.05 Buy at $7.04, sell at $6.51 Buy at $5.54, down 1.8%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring: Buy at $55.36, sell at $55.43 Buy at $55.69, sell at $55.63 Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +8 Hold: GLD(gold, up 2.2%), EWU(England, down 4.1%), SLV(silver, up 7.0%), UCO (2x oil) New Confirmed Buy: QQQQ, DIA, SPY, USO(oil)
Transition to Market Positive: +6 Possible Buy: TNA(3x), UWM(2x), IWM(1x), EWQ(France), EWG(Germany), AMZN,
Comment: Somewhat Bullish overall, Bullish Oil, Bullish $RUT, Bearish Real Estate Action for TNA or TZA for tomorrow: Possible sell of TZA, possible buy of TNA
That just means Goldman Sucks would need to really pony up to top off the Congressional PACs' feedbags. Time to take out the checkbook, boys. Reelection in a few months and it takes moolah to win election. Pay up, sucka!
TZA opened down 2.2%. TZA was down 0.3% at the high, and closed down 6.3%.
A gap from $5.82 to $5.80 remains unfilled.
We are now in a New Moon Trade, which tends to favor TZA. AmericanBulls had TZA with a Hold signal for today. TZA bought at $5.54. TZA closed at $5.45, so this trade is now down 1.6%
Volume for TZA today was average.
$RVX (VIX for $RUT) closed down 8.3% with TZA down 6.3%. No divergence.
TZA was down four days then up two, and now down two. Bad for TZA.
The low for TZA was from two days ago at $5.30. Today’s low was $5.44, 2.6% higher.
Today, 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. Seems like a bit of a divergence. Bad for TZA, but might be positive at some point.
MACD on the monthly chart had been a flat line at -0.50 for 10 days. Now is moving up a bit, but no rise today. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Yesterday’s long black candle closed below the upper Bollinger band after two closes above it. MACD is aggressively rising. Seems to be working towards a $RVX sell signal. I need to research this.
Bollinger Bands for $RUT: Today’s long white candle moved towards the upper Bollinger Band, which is flat. Looks like the possible resumption of the up trend. MACD rolled over (down) yesterday, but seems to be recovering. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): the black candle of 2 days ago was entirely below the bottom Bollinger band (This last happened Jan 22nd, and at that time $RUT fell generally for 9 days) and today closed well above it. I need to research this.
TZA had a lower high, much lower low and much lower close – Bad for TZA.
Money flow for the Total Stock Market: $ 685 million flowing out of the market on a big down day 2 days ago. $ 1,404 million flowing out of the market today on a down day yesterday. $ 1,276 million flowing into the market today on an up day. Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Congratulations!
I just had twins (or really the wife), six weeks ago. Have a 19 month old at home as well.
So long sleep and spare time!
Congratulations! All is well is a good thing 🙂
Juliet Rose born April 28th. All is well – I'm being discharged today. Hope you guys are doing well and I'm sure you'll be hearing more from me next week!
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1202 – 1215. A swing to 1270 is underway.
1195.75–1206.25 actual yesterday (10.50 points)
1208 high last night
1202-1215 estimate for today (13 points)
1204 currently, so estimate is -2 to +11 from here (very bullish)
Carl has 2 units of /ES bought yesterday and held overnight
The Daily view from Americanbulls
TNA had a Wait signal, was up a lot today, and has a highly reliable BUY-IF for tomorrow. The TNA sell was at $69.05 (AB price), and the close today was at $69.53, up 0.7% since the sell. The candlestick today was a Long White Candlestick (strong buying pressure). The last two candlesticks formed a highly reliable Bullish Kicking Pattern.
TZA had a Hold signal, was down a lot today, and now has a highly reliable SELL-IF signal for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.44, down 10 cents since the buy. The candlestick for today was a Black Candlestick (normal selling pressure). The last two candlesticks formed a highly reliable Bearish Kicking Pattern.
Three recent TZA Buy signals have failed and may perhaps serve as a warning:
Buy at $7.33, sell at $7.14
Buy at $7.11, sell at $7.05
Buy at $7.04, sell at $6.51
Buy at $5.54, down 1.8%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring:
Buy at $55.36, sell at $55.43
Buy at $55.69, sell at $55.63
Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +8
Hold: GLD(gold, up 2.2%), EWU(England, down 4.1%), SLV(silver, up 7.0%), UCO (2x oil)
New Confirmed Buy: QQQQ, DIA, SPY, USO(oil)
Transition to Market Positive: +6
Possible Buy: TNA(3x), UWM(2x), IWM(1x), EWQ(France), EWG(Germany), AMZN,
Transition to Market Negative: none
Market Negative: -8
Wait: GOOG, ERX(3x energy), EWX(emerging mkts), AAPL, IYR(1x RE), URE(2x RE), DRN(3x RE), GS
Comment: Somewhat Bullish overall, Bullish Oil, Bullish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: Possible sell of TZA, possible buy of TNA
NO, you can't have the job… I want to volunteer. I'd rather be in a nice country club prison then a poor bear.
The sucka will do 2 yrs at Club Fed while GS set up a Swiss account with $10m in it for him. Hmmm… I wonder if GS would let me be the sucka then…
If anyone goes to jail, it won't be the big dogs. They'll find someone else to be the fall guy.
That just means Goldman Sucks would need to really pony up to top off the Congressional PACs' feedbags. Time to take out the checkbook, boys. Reelection in a few months and it takes moolah to win election. Pay up, sucka!
TZA opened down 2.2%. TZA was down 0.3% at the high, and closed down 6.3%.
A gap from $5.82 to $5.80 remains unfilled.
We are now in a New Moon Trade, which tends to favor TZA.
AmericanBulls had TZA with a Hold signal for today. TZA bought at $5.54. TZA closed at $5.45, so this trade is now down 1.6%
Volume for TZA today was average.
$RVX (VIX for $RUT) closed down 8.3% with TZA down 6.3%. No divergence.
TZA was down four days then up two, and now down two. Bad for TZA.
The low for TZA was from two days ago at $5.30. Today’s low was $5.44, 2.6% higher.
Today, 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. Seems like a bit of a divergence. Bad for TZA, but might be positive at some point.
MACD on the monthly chart had been a flat line at -0.50 for 10 days. Now is moving up a bit, but no rise today. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Yesterday’s long black candle closed below the upper Bollinger band after two closes above it. MACD is aggressively rising. Seems to be working towards a $RVX sell signal. I need to research this.
Bollinger Bands for $RUT: Today’s long white candle moved towards the upper Bollinger Band, which is flat. Looks like the possible resumption of the up trend. MACD rolled over (down) yesterday, but seems to be recovering. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): the black candle of 2 days ago was entirely below the bottom Bollinger band (This last happened Jan 22nd, and at that time $RUT fell generally for 9 days) and today closed well above it. I need to research this.
TZA had a lower high, much lower low and much lower close – Bad for TZA.
Money flow for the Total Stock Market:
$ 685 million flowing out of the market on a big down day 2 days ago.
$ 1,404 million flowing out of the market today on a down day yesterday.
$ 1,276 million flowing into the market today on an up day.
Bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA.