TNA had a weekly HOLD signal last week, rose this week, and remains a Hold. The candlestick this week is a Long White Candlestick. AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 70.78, up 60%.
TZA had a weekly WAIT signal last week, fell this week, and remains a Wait. The candlestick this week is a Black Candlestick. AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $5.41, down 44.9%.
Summary of Positive ETFs & a few popular ETFs & stocks (Market positive): Hold: TNA(3x, up 60.0%), AAPL(up 38.4%), UWM(2x, up 37.3%), IYR(1x RE, up 22.7%), IWM(1x, up 17.1%), QQQQ(up 17.5%),, USO (oil, up 4.8%), New Confirmed Buy: URE(2x RE)
I'm not a spy kind of guy, more so SPX,COMPQ… but check out the video below, looks bearish to me, …I'm a member at this site below btw…
energy sector was strong fri, “they” may run it up more..
also notice that compq has only been above 2500 for 7 months in the last 10 years…excluding 99,00 since it was crazy times, oh but wait, we are in crazy time…ha
Thanks everyone for your kind wishes. If anyone could answer the following for me, I would greatly appreciate it and please excuse my ignorance. Sundancer mentioned that there was a gap left back on the day of the Lehman crash on Sept 15 2008 at 121.63 on the SPY (that's basically where we closed this past Friday). But from what I can tell (please check to make sure I am right), that 121.63 number is the bottom of the gap and the top of the gap is around 124.20 (left on the previous trading day – 9/12/08). Do large gaps like that tend to get filled or do they tend to provide resistance? If they get filled, then I could see a huge move up on Monday to that 124.20 level (which I think corresponds with the Fib level everyone is talking about) or alternatively a huge move down if the 121.63 were to provide resistance. As Sundancer mentioned, I would think that the GS downward pressure, coupled with the VIX call buying at the close and the fact that we will be on calendar day 80 on Monday since the last move down would be good signs for the bears? But maybe GS is letting their stock get hit so they can buy it back?
Sundancer, I was studying your 3 day candlestick pattern (9-10 to 9-12 2008) before the Lehman crash the following Monday on 9-15-08. It looks to me as you mention that Thursday and Friday had the same candlestick patterns as we saw at the end of the week we just concluded but back in 2008, the Wednesday before (Sept 10th 2007) was a green candlestick whereas this time (April 23rd) was a red candlestick? So does a 2 day repeat pattern hold any value?
I closed my short of DTO (I was long oil) today. I can see the markets going either way next week and feel safer in cash.
Oil's move over the last 2 days of trading has been fierce. USO went from 39.30 (low Weds) to 40.95 (close Friday). A 4% move in 2 days? While the dollar is going up? Really? Oil is one more volcanic eruption away from taking a serious beating.
The Weekly view from Americanbulls
TNA had a weekly HOLD signal last week, rose this week, and remains a Hold. The candlestick this week is a Long White Candlestick.
AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 70.78, up 60%.
TZA had a weekly WAIT signal last week, fell this week, and remains a Wait. The candlestick this week is a Black Candlestick.
AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $5.41, down 44.9%.
Summary of Positive ETFs & a few popular ETFs & stocks (Market positive):
Hold: TNA(3x, up 60.0%), AAPL(up 38.4%), UWM(2x, up 37.3%), IYR(1x RE, up 22.7%), IWM(1x, up 17.1%), QQQQ(up 17.5%),, USO (oil, up 4.8%),
New Confirmed Buy: URE(2x RE)
Action for TNA or TZA for tomorrow: none
Thank you very much TomTom.
Thank you very much TomTom.
here's another recap from Brian Shannon ,totally different, no mention of “extended” overbought…
http://www.alphatrends.net/
moni…
I'm not a spy kind of guy, more so SPX,COMPQ… but check out the video below, looks bearish to me, …I'm a member at this site below btw…
energy sector was strong fri, “they” may run it up more..
also notice that compq has only been above 2500 for 7 months in the last 10 years…excluding 99,00 since it was crazy times, oh but wait, we are in crazy time…ha
http://www.freetradingvideos.com/vlog/default.a…
Thanks everyone for your kind wishes. If anyone could answer the following for me, I would greatly appreciate it and please excuse my ignorance. Sundancer mentioned that there was a gap left back on the day of the Lehman crash on Sept 15 2008 at 121.63 on the SPY (that's basically where we closed this past Friday). But from what I can tell (please check to make sure I am right), that 121.63 number is the bottom of the gap and the top of the gap is around 124.20 (left on the previous trading day – 9/12/08). Do large gaps like that tend to get filled or do they tend to provide resistance? If they get filled, then I could see a huge move up on Monday to that 124.20 level (which I think corresponds with the Fib level everyone is talking about) or alternatively a huge move down if the 121.63 were to provide resistance. As Sundancer mentioned, I would think that the GS downward pressure, coupled with the VIX call buying at the close and the fact that we will be on calendar day 80 on Monday since the last move down would be good signs for the bears? But maybe GS is letting their stock get hit so they can buy it back?
Sundancer, I was studying your 3 day candlestick pattern (9-10 to 9-12 2008) before the Lehman crash the following Monday on 9-15-08. It looks to me as you mention that Thursday and Friday had the same candlestick patterns as we saw at the end of the week we just concluded but back in 2008, the Wednesday before (Sept 10th 2007) was a green candlestick whereas this time (April 23rd) was a red candlestick? So does a 2 day repeat pattern hold any value?
22 is “literally” divided by 7
I added and got a different result
I closed my short of DTO (I was long oil) today. I can see the markets going either way next week and feel safer in cash.
Oil's move over the last 2 days of trading has been fierce. USO went from 39.30 (low Weds) to 40.95 (close Friday). A 4% move in 2 days? While the dollar is going up? Really? Oil is one more volcanic eruption away from taking a serious beating.
Just call me crazy, but i shorted nasdaq100 right now.
http://midasfinancialmarkets.blogspot.com/2010/…