TZA opened down 1.2%. TZA was up 7.5% at the high, and closed up 6.9%.
We are now in a New Moon Trade, which tends to favor TZA. We had switched to TNA, as it was going up, and TZA was not. However, as of this moment, TZA came back to life, so we are back to TZA. AmericanBulls had TNA with a SELL-IF signal for today, and TNA sold this morning at $69.10 (opening price on a gap down). The TNA buy was at $69.05, so the TNA trade was up 5 cents at the end. AmericanBulls had TZA with a BUY-IF signal for today, and TZA bought this morning at $5.54 (opening price on a gap up). TZA closed at $5.85, so this trade is now up 5.6%
Volume for TZA today was 2nd highest in the past 55 days.
$RVX (VIX for $RUT) closed up 16.5% with TZA up 5.6%. No divergence. Good for TZA.
TZA was down four days then up one, and now up again today. Good for TZA.
The low for TZA was from yesterday at $5.30. Today’s low was $5.39, 1.7% higher. Good for TZA.
Two days ago, when TZA fell 3%, Ultimate Oscillator rose from 22.9 to 24.2, a divergence. The next day (yesterday), the divergence played out with TZA up, and today it was up 5.6%. Today, TZA rose and reading went from 28 to 36. Good for TZA.
MACD on the monthly chart has been a flat line at -0.50 for 10 days now, with a slight uptick today. Neutral for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s very very long white candle closed far and away above the upper Bollinger band. MACD is aggressively rising. $RVX seems likely to fall tomorrow. Bad for TZA.
Bollinger Bands for $RUT: Today’s long black candle is away from the upper Bollinger Band, and looks like the beginning of a trend down. MACD might roll over (down) tomorrow. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle was entirely below the bottom Bollinger band. This last happened Jan 22nd, and at that time $RUT fell (generally) for 9 days. Good for TZA.
TZA had a much higher high, higher low and much higher close – Good for TZA.
Money flow for the Total Stock Market: $2,305 million flowing into the market 2 days ago. $ 17 million flowing into the market today on a down day yesterday. $ 685 million flowing out of the market today on a big down day. Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
I just watched those 2 video's Monica and they explain it well. If you haven't seen them, you should watch them. That why I mentioned many weeks back that you should always short the 2x/3x Bull/Bear funds, and never go long.
Thanks Bear Bull. It is interesting but Earl of might be able to shed more light on the how the leveraged ETFs work. He has a really good understanding of them.
TZA opened down 1.2%. TZA was up 7.5% at the high, and closed up 6.9%.
We are now in a New Moon Trade, which tends to favor TZA. We had switched to TNA, as it was going up, and TZA was not. However, as of this moment, TZA came back to life, so we are back to TZA.
AmericanBulls had TNA with a SELL-IF signal for today, and TNA sold this morning at $69.10 (opening price on a gap down). The TNA buy was at $69.05, so the TNA trade was up 5 cents at the end. AmericanBulls had TZA with a BUY-IF signal for today, and TZA bought this morning at $5.54 (opening price on a gap up). TZA closed at $5.85, so this trade is now up 5.6%
Volume for TZA today was 2nd highest in the past 55 days.
$RVX (VIX for $RUT) closed up 16.5% with TZA up 5.6%. No divergence. Good for TZA.
TZA was down four days then up one, and now up again today. Good for TZA.
The low for TZA was from yesterday at $5.30. Today’s low was $5.39, 1.7% higher. Good for TZA.
Two days ago, when TZA fell 3%, Ultimate Oscillator rose from 22.9 to 24.2, a divergence. The next day (yesterday), the divergence played out with TZA up, and today it was up 5.6%. Today, TZA rose and reading went from 28 to 36. Good for TZA.
MACD on the monthly chart has been a flat line at -0.50 for 10 days now, with a slight uptick today. Neutral for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s very very long white candle closed far and away above the upper Bollinger band. MACD is aggressively rising. $RVX seems likely to fall tomorrow. Bad for TZA.
Bollinger Bands for $RUT: Today’s long black candle is away from the upper Bollinger Band, and looks like the beginning of a trend down. MACD might roll over (down) tomorrow. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle was entirely below the bottom Bollinger band. This last happened Jan 22nd, and at that time $RUT fell (generally) for 9 days. Good for TZA.
TZA had a much higher high, higher low and much higher close – Good for TZA.
Money flow for the Total Stock Market:
$2,305 million flowing into the market 2 days ago.
$ 17 million flowing into the market today on a down day yesterday.
$ 685 million flowing out of the market today on a big down day.
Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TZA.
I just watched those 2 video's Monica and they explain it well. If you haven't seen them, you should watch them. That why I mentioned many weeks back that you should always short the 2x/3x Bull/Bear funds, and never go long.
Alright, I cover tomorrow at 10867 (if we get there) and then reload later in the week.
Thanks Bear Bull. It is interesting but Earl of might be able to shed more light on the how the leveraged ETFs work. He has a really good understanding of them.
blue is mid 10,800's
red is mid 10,700's
Exactly what I was about to ask bear/bull!
What is the price tarhet of the blue line?
I need one more down day… just one more come on.
Sorry, my mistake…. I should have figured that out by the name. But, I can't read Portuguese either.
Red, if he is from Portugal, that would Portuguese!
Important and interesting video.
http://articles.moneycentral.msn.com/Investing/…