I leave to go work for one day, so I can pay my interest payment on my debt to the all might God Goldman Sachs, thinking that we might have a nice sell off today, and I come back to another UP day! WTF?
I hope this was one of those “surprise rallies” that Sundancer said could happen after too many gap down days in a row, and not the start of a new uptrend.
I hate seeing bottoming tails on daily candles, as the last time that happened, the market just went sideways for a week or so, then rallied high.
We are now in a New Moon Trade, which tends to favor TZA 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 remains in cash tonight.
Volume for TZA today was high today side of normal, 2nd highest in a month.
$RVX (VIX for $RUT) closed up 3.75% with TZA down 3.2%. A divergence. Good for TZA.
TZA was down for 6 days, up for 2 days, and down 3 days. Bad for TZA.
The low for TZA had been from yesterday at $5.75. Today’s low was $5.56, 3.3% lower. Bad for TZA.
Ultimate Oscillator for TZA fell for 9 days to 23, then rose for 2 days to 29, then fell 3 days to 22.9. Good for TZA at some point, as a value of 20 is generally considered a low point, but perhaps not tomorrow.
MACD on the monthly chart has been flat far below zero for days, and remains that way today. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s small black candle closed near yesterday’s close, a bit above the bottom Bollinger band. MACD seems to be flat. Looks like $RVX might fall tomorrow. Bad for TZA.
Bollinger Bands for $RUT: Today’s long white candle for $RUT is a new high, headed towards the rising upper Bollinger Band. MACD is rising. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s white candle fell to close near the Bollinger mid line. The upper Bollinger Band was flat today. Four days after what appeared to be a successful 3-day sell signal, pretty sure now the $RUT sell signal did not work. Bad for TZA.
TZA had a higher high, lower low and lower close – Bad for TZA.
Money flow for the Total Stock Market: $1,037 million flowing out of the market 3 days ago $ 364 million flowing into the market 2 days ago. $1,393 million flowing out of the market today. Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Too funny Sundancer. What a day this has been. FYI – my doctor says I should go into labor within the next few days so I imagine that that is when the market will tank. That is better than any statistics or special numbers!
Go read this post by Daneric about the significance of the particular price level we are at on $WLSH:
http://danericselliottwaves.blogspot.com/2010/0…
Sheesh gang…
I leave to go work for one day, so I can pay my interest payment on my debt to the all might God Goldman Sachs, thinking that we might have a nice sell off today, and I come back to another UP day! WTF?
I hope this was one of those “surprise rallies” that Sundancer said could happen after too many gap down days in a row, and not the start of a new uptrend.
I hate seeing bottoming tails on daily candles, as the last time that happened, the market just went sideways for a week or so, then rallied high.
We are now in a New Moon Trade, which tends to favor TZA
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 remains in cash tonight.
Volume for TZA today was high today side of normal, 2nd highest in a month.
$RVX (VIX for $RUT) closed up 3.75% with TZA down 3.2%. A divergence. Good for TZA.
TZA was down for 6 days, up for 2 days, and down 3 days. Bad for TZA.
The low for TZA had been from yesterday at $5.75. Today’s low was $5.56, 3.3% lower. Bad for TZA.
Ultimate Oscillator for TZA fell for 9 days to 23, then rose for 2 days to 29, then fell 3 days to 22.9. Good for TZA at some point, as a value of 20 is generally considered a low point, but perhaps not tomorrow.
MACD on the monthly chart has been flat far below zero for days, and remains that way today. Bad for TZA.
Bollinger Bands for $RVX (VIX for $RUT): Today’s small black candle closed near yesterday’s close, a bit above the bottom Bollinger band. MACD seems to be flat. Looks like $RVX might fall tomorrow. Bad for TZA.
Bollinger Bands for $RUT: Today’s long white candle for $RUT is a new high, headed towards the rising upper Bollinger Band. MACD is rising. Bad for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s white candle fell to close near the Bollinger mid line. The upper Bollinger Band was flat today. Four days after what appeared to be a successful 3-day sell signal, pretty sure now the $RUT sell signal did not work. Bad for TZA.
TZA had a higher high, lower low and lower close – Bad for TZA.
Money flow for the Total Stock Market:
$1,037 million flowing out of the market 3 days ago
$ 364 million flowing into the market 2 days ago.
$1,393 million flowing out of the market today.
Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TZA.
MSFT dropping now
the operators will take care of that, LOL
Carl at day’s end:
1191-1204 estimate for today (13 points)
1186.25–1207 actual today (20.75 points)
Larger range, both lower & higher, than Carl suspected.
Trade: In /ES at 1190.25, out there also. (no gain)
Grade: C (lost no money)
We did fill another gap on the VIX today but I guess gaps are left almost on a daily basis.
Thank you and please make the market go down while I am away, OK?
good luck with your delivery!!!
Forget about the market, enjoy your new baby!!!
Too funny Sundancer. What a day this has been. FYI – my doctor says I should go into labor within the next few days so I imagine that that is when the market will tank. That is better than any statistics or special numbers!