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.
TZA opened up 1.8%. Today’s gap was filled. TZA was up 5.7% at the high, and closed up 1.5%.
We are now in a New Moon Trade, which tends to favor TZA AmericanBulls had TZA with a BUY-IF signal for today. Under AmericanBull’s BUY-IF rules, TZA would have been a buy at the open had TZA closed above the open, but TZA closed below the open, so at the close we know not to buy at the open. Yeah, time travel is important to getting this right. I will confirm this later with AmericanBulls, but it seems this trade remains in cash.
Volume for TZA today was the 2nd highest in the last 49 days (previous day was higher). Good for TZA.
$RVX (VIX for $RUT) was up 11% at one point today and closed up 2.4% today with TZA up 1.5%. No divergence.
TZA had black candles for 6 days, falling hard lately, but up nicely yesterday and up again today. Good for TZA.
The low for TZA 2 days ago was $5.80, the lowest TZA price ever. Today’s low was 19 cents higher. Good for TZA.
Ultimate Oscillator for TZA fell for 9 days, then rose yesterday from 23 to 27, and today from 27 to 29. The low reading of 23 was very near 20, which some will allow is a reasonable low point. Good for TZA.
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 long black candle (close below the open, but close was above yesterday’s close) closed above the Bollinger mid line (was at the bottom Bollinger band 3 days ago). MACD seems to be heading back up. Looks like $RVX might rise tomorrow. Good for TZA.
Bollinger Bands for $RUT: Today’s spinning top black candle for $RUT appears to be a continuation of the fall of $RUT. MACD might be topping. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle closed below the Bollinger mid line after closing above that Band three days ago. The upper Bollinger Band was flat today. This looks like the 4th day of a successful 3-day sell signal. Good for TZA.
TZA had a higher high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market was $5,934 million flowing out of the market yesterday, and $1,037 million flowing out of the market today. Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
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.
Yep there is always a bullish bias, it takes 7 consecutive SPY gap ups to get into the same percentile
There has to be for the scam to keep going
Remember Asset appreciation pays the interest expense
TZA opened up 1.8%. Today’s gap was filled. TZA was up 5.7% at the high, and closed up 1.5%.
We are now in a New Moon Trade, which tends to favor TZA
AmericanBulls had TZA with a BUY-IF signal for today. Under AmericanBull’s BUY-IF rules, TZA would have been a buy at the open had TZA closed above the open, but TZA closed below the open, so at the close we know not to buy at the open. Yeah, time travel is important to getting this right. I will confirm this later with AmericanBulls, but it seems this trade remains in cash.
Volume for TZA today was the 2nd highest in the last 49 days (previous day was higher). Good for TZA.
$RVX (VIX for $RUT) was up 11% at one point today and closed up 2.4% today with TZA up 1.5%. No divergence.
TZA had black candles for 6 days, falling hard lately, but up nicely yesterday and up again today. Good for TZA.
The low for TZA 2 days ago was $5.80, the lowest TZA price ever. Today’s low was 19 cents higher. Good for TZA.
Ultimate Oscillator for TZA fell for 9 days, then rose yesterday from 23 to 27, and today from 27 to 29. The low reading of 23 was very near 20, which some will allow is a reasonable low point. Good for TZA.
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 long black candle (close below the open, but close was above yesterday’s close) closed above the Bollinger mid line (was at the bottom Bollinger band 3 days ago). MACD seems to be heading back up. Looks like $RVX might rise tomorrow. Good for TZA.
Bollinger Bands for $RUT: Today’s spinning top black candle for $RUT appears to be a continuation of the fall of $RUT. MACD might be topping. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle closed below the Bollinger mid line after closing above that Band three days ago. The upper Bollinger Band was flat today. This looks like the 4th day of a successful 3-day sell signal. Good for TZA.
TZA had a higher high, higher low and higher close – Good for TZA.
Money flow for the Total Stock Market was $5,934 million flowing out of the market yesterday, and $1,037 million flowing out of the market today. Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TZA.