TNA had a Hold signal today, and was up today, remaining a Hold for tomorrow. The TNA buy was at $56.50. TNA closed at $70.78, up 25.2% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA had a Wait (for a signal) today, and was down today, remaining a Wait for tomorrow. The TZA sell price was $6.51. TZA closed today at $5.41, down 16.9% since the sell. The candlestick for today was a Black Candlestick (normal selling pressure).
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
For that matter, recent TNA Buy signals (until this 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, up 25.2%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +9 Hold: IWM(1x, up 8.3%), UWM(2x, up 17.5%), TNA(3x, up 25.2%), QQQQ(up 4.7%), DIA(up 2.7%), SPY(up 2.3%), UCO (2x oil, up 0.6%), ERX(3x energy, up 17.2%), AAPL(up 4.4%), EWU(England, down 1.4%) New Confirmed BUY: EWG(Germany)
Transition to Market Positive: -1 Not Very Highly Reliable BUY-IF: GS
Transition to Market Negative: +2 Not Very Highly Reliable (Bearish Deliberation Pattern) SELL-IF: IYR(1x RE), URE(2x RE), DRN(3x RE) Highly Reliable (Bearish Kicking Pattern) SELL-IF: AMZN
Market Negative: -2 Wait: USO(oil), GOOG
Comment: Somewhat Bullish overall, Neutral Oil, Bullish $RUT, Bullish Real Estate Action for TNA or TZA for Monday: none
the behavior this week has been odd, to say the least
climatic action in AAPL Parabola on IWM $DJI closes the week above it's open in the face of 98% odds (Now it's got 8 consecutive higher closes than opens on it's weekly) GS looks like a sick puppy $VIX still won't take out it's 4.12 low $SPX & $DJI make new highs 77 cd from 2.5.2010
We are now in a New Moon Trade, which tends to favor TZA, but we are now trading TNA, as it is going up, and TZA is not. AmericanBulls had TZA with a Wait signal for today, with this trade in cash. Under AmericanBull’s Wait rules, nothing could have triggered a BUY, so this trade remained in cash. TNA was a hold, and under severely modified (by me) rules, this trade bought TNA at the opening price. I did the same in real life so it seems fair.
The TNA buy was at $69.05, and TNA closed at $70.82, up 2.5%.
Volume for TNA today was about normal for the past month.
$RVX (VIX for $RUT) closed down 1.8% with TNA up 2.5%. No divergence. Good for TNA.
TNA was up for 5 days, down for 2 days, and up 4 days. Good for TNA.
The high for TNA had been from yesterday at $69.00. Today’s high was $70.98, 2.8% higher. Good for TNA.
Ultimate Oscillator for TNA rose for 9 days to 74.8, then fell for 2 days to 68, then rose 3 days to 75.7. Today, which TNA rose 3.1%, Ultimate Oscillator fell from 75.7 to 74.8, a divergence. Bad for TNA at some point, as a value near 80 is generally considered a high point, and this divergence may be warning of TNA falling soon. For the time being, Good for TNA.
MACD on the monthly chart has been rising for 8 days, and the rise is steeper today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s small black candle closed below yesterday’s close, a bit below the Bollinger mid line. MACD seems to be rising. $RVX just seems to be meandering pointlessly. Neutral for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT is a new high, headed towards the rising upper Bollinger Band. MACD is rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s white candle rose closer to the upper Bollinger band, which was rising today. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market: $ 364 million flowing into the market 2 days ago. $1,393 million flowing out of the market yesterday. $2,305 million flowing into the market today. Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good (up and to the right) for TNA.
http://finance.yahoo.com/q/bc?t=1d&s=^VXN&l=on&…
Thanks TOMTOM
The Daily view from Americanbulls
TNA had a Hold signal today, and was up today, remaining a Hold for tomorrow. The TNA buy was at $56.50. TNA closed at $70.78, up 25.2% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA had a Wait (for a signal) today, and was down today, remaining a Wait for tomorrow. The TZA sell price was $6.51. TZA closed today at $5.41, down 16.9% since the sell. The candlestick for today was a Black Candlestick (normal selling pressure).
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
For that matter, recent TNA Buy signals (until this 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, up 25.2%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +9
Hold: IWM(1x, up 8.3%), UWM(2x, up 17.5%), TNA(3x, up 25.2%), QQQQ(up 4.7%), DIA(up 2.7%), SPY(up 2.3%), UCO (2x oil, up 0.6%), ERX(3x energy, up 17.2%), AAPL(up 4.4%), EWU(England, down 1.4%)
New Confirmed BUY: EWG(Germany)
Transition to Market Positive: -1
Not Very Highly Reliable BUY-IF: GS
Transition to Market Negative: +2
Not Very Highly Reliable (Bearish Deliberation Pattern) SELL-IF: IYR(1x RE), URE(2x RE), DRN(3x RE)
Highly Reliable (Bearish Kicking Pattern) SELL-IF: AMZN
Market Negative: -2
Wait: USO(oil), GOOG
Comment: Somewhat Bullish overall, Neutral Oil, Bullish $RUT, Bullish Real Estate
Action for TNA or TZA for Monday: none
the behavior this week has been odd, to say the least
climatic action in AAPL
Parabola on IWM
$DJI closes the week above it's open in the face of 98% odds (Now it's got 8 consecutive higher closes than opens on it's weekly)
GS looks like a sick puppy
$VIX still won't take out it's 4.12 low
$SPX & $DJI make new highs 77 cd from 2.5.2010
have a look at the vix and spx charts for today… last 60 minutes or so
down
Oh so they hit the number. Now what does that mean for the next trading day or two? up or down
We are now in a New Moon Trade, which tends to favor TZA, but we are now trading TNA, as it is going up, and TZA is not.
AmericanBulls had TZA with a Wait signal for today, with this trade in cash. Under AmericanBull’s Wait rules, nothing could have triggered a BUY, so this trade remained in cash. TNA was a hold, and under severely modified (by me) rules, this trade bought TNA at the opening price. I did the same in real life so it seems fair.
The TNA buy was at $69.05, and TNA closed at $70.82, up 2.5%.
Volume for TNA today was about normal for the past month.
$RVX (VIX for $RUT) closed down 1.8% with TNA up 2.5%. No divergence. Good for TNA.
TNA was up for 5 days, down for 2 days, and up 4 days. Good for TNA.
The high for TNA had been from yesterday at $69.00. Today’s high was $70.98, 2.8% higher. Good for TNA.
Ultimate Oscillator for TNA rose for 9 days to 74.8, then fell for 2 days to 68, then rose 3 days to 75.7. Today, which TNA rose 3.1%, Ultimate Oscillator fell from 75.7 to 74.8, a divergence. Bad for TNA at some point, as a value near 80 is generally considered a high point, and this divergence may be warning of TNA falling soon. For the time being, Good for TNA.
MACD on the monthly chart has been rising for 8 days, and the rise is steeper today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s small black candle closed below yesterday’s close, a bit below the Bollinger mid line. MACD seems to be rising. $RVX just seems to be meandering pointlessly. Neutral for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT is a new high, headed towards the rising upper Bollinger Band. MACD is rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s white candle rose closer to the upper Bollinger band, which was rising today. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market:
$ 364 million flowing into the market 2 days ago.
$1,393 million flowing out of the market yesterday.
$2,305 million flowing into the market today.
Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good (up and to the right) for TNA.
Yes Monica…
Have a good weekend, and name it Dragon if it's a boy, and name it Lioness if it's a girl. LOL
I've never seen you so bearish before… something wicked must comes this way!
this is freaky
4.21 – 4.23.2010 : 9.10 -9.12 2009 lehman
http://www.flickr.com/photos/47091634@N04/45466…