this chart of AAPL may hold some clues, it hit it's speculative capital ENV last week the last time AAPL hit the speculative capital mania ENV was during the 10.19.2009 week we know what happened after that http://www.flickr.com/photos/47091634@N04/45590…
Yep – I watched them as well. Red, look at the downward move that started on 1/19/2010. Pretend today was 1/21/2010. Perhaps we will have similar movement for the next two weeks as we did then. That would probably take us to the 1080 level.
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.
this chart of AAPL may hold some clues, it hit it's speculative capital ENV last week
the last time AAPL hit the speculative capital mania ENV was during the 10.19.2009 week
we know what happened after that
http://www.flickr.com/photos/47091634@N04/45590…
I really have a feeling that we are going to the lower target of 1060-1080 area, and not just 1175.
Maybe? I just hope we get a bounce tomorrow, so I can get back in.
oh the operators make me laugh
yesterday they closed the S&P @ 1,212
today QQQQ -2.12%
yep the boiling pt. is getting near……..
Pi : Sun Ritual (666/Pi = 212)
Yep – I watched them as well. Red, look at the downward move that started on 1/19/2010. Pretend today was 1/21/2010. Perhaps we will have similar movement for the next two weeks as we did then. That would probably take us to the 1080 level.
Monica,
My standard pitch: People who want to trade the 3x ETF's should trade them carefully, as the price on them changes constantly 🙂
thanks
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.