All the truth that is related to current stock trading prices. All the truth shows a huge bear market, the question is when….and that could be months or years away, but I think sooner than that. Currently stupidly bullishly long….
But as of technical fundamentals of this market are very strong. Technically speaking thou shalt not short anything that is above 20/50/200 MA. If you do so you shall repent.
I do not see any reason why TA is not working …
For what you see in nearby economy may not be real, Your eyes may deceive you.
Never let your sense of reality cloud Your judgment as a trader or TA guy. Trade your charts and switch of reality. For that the charts know all the truth that is.
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 $66.51, up 17.7% 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 $5.78, down 11.2% 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 17.7%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +11 Hold: IYR(1x RE, up 2.3%), URE(2x RE, up 4.1%), DRN(3x RE, up 11.1%), QQQQ(up 3.45%), DIA(up 1.9%), UCO (2x oil, down 2.1%), AMZN(up 1.3%), ERX(3x energy, up 9.2%), IWM(1x, up 6.0%), UWM(2x, up 12.6%), TNA(3x, up 17.7%)
Transition to Market Positive: +1 Highly Reliable BUY-IF: AAPL
What a wonderful day so far. Looks like we might have a little…
http://www.youtube.com/watch?v=LAecdC3W3Yg
What was the number we are looking for Monica? I forgot…
Looks like we could gap below the trendline this morning.
Looks like we could gap below the trendline this morning but of course things could change.
All the truth that is related to current stock trading prices. All the truth shows a huge bear market, the question is when….and that could be months or years away, but I think sooner than that. Currently stupidly bullishly long….
Yes there is a creepiness in this market.
But as of technical fundamentals of this market are very strong.
Technically speaking thou shalt not short anything that is above 20/50/200 MA.
If you do so you shall repent.
I do not see any reason why TA is not working …
For what you see in nearby economy may not be real, Your eyes may deceive you.
Never let your sense of reality cloud
Your judgment as a trader or TA guy.
Trade your charts and switch of reality.
For that the charts know all the truth that is.
Great blog you have:) I add your blog to my blogroll on my site.
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 $66.51, up 17.7% 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 $5.78, down 11.2% 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 17.7%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +11
Hold: IYR(1x RE, up 2.3%), URE(2x RE, up 4.1%), DRN(3x RE, up 11.1%), QQQQ(up 3.45%), DIA(up 1.9%), UCO (2x oil, down 2.1%), AMZN(up 1.3%), ERX(3x energy, up 9.2%), IWM(1x, up 6.0%), UWM(2x, up 12.6%), TNA(3x, up 17.7%)
Transition to Market Positive: +1
Highly Reliable BUY-IF: AAPL
Transition to Market Negative: -2
Highly Reliable SELL-IF: SPY, GOOG
Market Negative: -2
Wait: USO(oil), GS
Comment: Bullish overall, Bearish Oil, Bullish $RUT, Bullish Real Estate
Action for TNA or TZA for tomorrow: none
Thanks — that might explain it. QCOM used to be a big deal, maybe it still is.
TZA is up 10 cents (1.7%) since the close.
QCOM is getting pancaked after-hours.