TNA had a SELL-IF signal today, and that signal continues tomorrow. The TNA buy was at $56.50. TNA closed at $62.67, up 10.9% since the buy. The candlestick today was a High Wave (great amount of indecision in the market).
TZA had a highly reliable BUY-IF signal today, and that signal continues tomorrow. The TZA sell price was $6.51. TZA closed today at $6.15, down 5.5% since the sell. The candlestick for today was a High Wave (great amount of indecision in the market).
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 10.9%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): -1 Hold: IYR(1x RE, down 1.12%), URE(2x RE, down 2.6%), DRN(3x RE, up 0.75%), QQQQ(up 2.36%), DIA(up 1.6%), UCO (2x oil, down 4.2%), AMZN(down 1.4%)
Transition to Market Positive: -1 Not very highly reliable BUY-IF: GOOG
Transition to Market Negative: -2 Highly reliable SELL-IF: IWM(1x), UWM(2x), SPY, ERX(3x energy) Not very highly reliable SELL-IF: TNA(3x), Low reliability SELL-IF: AAPL,
Market Negative: -2 Wait: USO(oil), GS
Comment: Mildly Bearish overall, Bearish Oil, Bearish $RUT, Mildly Bearish Real Estate Action for TNA or TZA for tomorrow: Possibly Buy TZA, Possibly Sell TNA.
He said exactly what I thought was happening… just a political move by the democrats to get support for the bill to regulate banks more.
It quite obvious now, that if Obama really wanted to punish Goldman, he would have done so last year when Matt Taibbi published the story.
Instead, he just waits and releases the SEC hounds on Goldman when the timing works better for re-election for the democrats.
Sad really… many people hoped Obama would do something different, and make some real changes, by standing up to the crooks. But no, he's just another puppet, doing what his master's tell him to do.
DTO (double short oil) seems to have a very reliable pattern (see caveat) with black candles. If this holds, markets/oil will bounce higher tomorrow, then correct a bit more, then rocket higher.
Speaking only for myself, I'm riding the move back up. I'm with Daneric in thinking that some indexes will set new highs ($DJIA) before we head back down and correct for real. I think (hope) it is January all over again.
Earl, Thanks, Nice Post
The Daily view from Americanbulls
TNA had a SELL-IF signal today, and that signal continues tomorrow. The TNA buy was at $56.50. TNA closed at $62.67, up 10.9% since the buy. The candlestick today was a High Wave (great amount of indecision in the market).
TZA had a highly reliable BUY-IF signal today, and that signal continues tomorrow. The TZA sell price was $6.51. TZA closed today at $6.15, down 5.5% since the sell. The candlestick for today was a High Wave (great amount of indecision in the market).
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 10.9%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): -1
Hold: IYR(1x RE, down 1.12%), URE(2x RE, down 2.6%), DRN(3x RE, up 0.75%), QQQQ(up 2.36%), DIA(up 1.6%), UCO (2x oil, down 4.2%), AMZN(down 1.4%)
Transition to Market Positive: -1
Not very highly reliable BUY-IF: GOOG
Transition to Market Negative: -2
Highly reliable SELL-IF: IWM(1x), UWM(2x), SPY, ERX(3x energy)
Not very highly reliable SELL-IF: TNA(3x),
Low reliability SELL-IF: AAPL,
Market Negative: -2
Wait: USO(oil), GS
Comment: Mildly Bearish overall, Bearish Oil, Bearish $RUT, Mildly Bearish Real Estate
Action for TNA or TZA for tomorrow: Possibly Buy TZA, Possibly Sell TNA.
Thanks…
He said exactly what I thought was happening… just a political move by the democrats to get support for the bill to regulate banks more.
It quite obvious now, that if Obama really wanted to punish Goldman, he would have done so last year when Matt Taibbi published the story.
Instead, he just waits and releases the SEC hounds on Goldman when the timing works better for re-election for the democrats.
Sad really… many people hoped Obama would do something different, and make some real changes, by standing up to the crooks. But no, he's just another puppet, doing what his master's tell him to do.
Nice charts dreadwin… thanks.
I do (unfortunately) think we will go higher tomorrow. Nothing is ever as easy as you want it too be.
But, I do still see the week as down.
Hey Red I bet you'll like this.
http://dailyoptionsreport.com/blog/post/in-anot…
Your chances will be much better when the dollar cooperates:
http://www.screencast.com/users/dreadwin/folder…
DTO (double short oil) seems to have a very reliable pattern (see caveat) with black candles. If this holds, markets/oil will bounce higher tomorrow, then correct a bit more, then rocket higher.
http://www.screencast.com/users/dreadwin/folder…
That's very possible dreadwin. I've been wrong too many times, and got my hopes up for a correction… that may never come?
Speaking only for myself, I'm riding the move back up. I'm with Daneric in thinking that some indexes will set new highs ($DJIA) before we head back down and correct for real. I think (hope) it is January all over again.
Hey G…
Anna's on fire now with her trades in OBB. Have you been able to take any of the plays or have you been too busy to take advantage of them?
GS and AAPL to report tomorrow
whisper is not good for GS however.
http://www.earningswhispers.com/stocks.asp?symb…