Maybe the third time is a charm, and I should put up my “Black Monday” picture for my weekend up? I've put it up twice now, and been wrong both times.
Not that I'm worried about embarrassing myself again, as I'm pretty used too that now. But, at some point when I call wolf… there's really going to be a wolf there.
TZA opened up 0.86%. Today’s gap was filled. TZA was up 6.1% at the high, and closed up 3.9%.
We are now in a New Moon Trade, which tends to favor TZA AmericanBulls had TZA with a Hold signal for today, so this trade was in cash all day. There should be a BUY-IF signal for TZA after the close, for a possible buy Monday morning.
Volume for TZA today was the 3rd highest in the last 6 months, but the two higher volumes were on down days. This was the highest up volume in 6 months. On the other hand, TZA price is the lowest in 6 months, and while the volume is high today, the price weighted volume (# shares traded times share price, or the amount of money that changed hands) wasn’t anything special. Still, people will look at this as a good thing, so, so will I: Good for TZA.
$RVX (VIX for $RUT) was up 6.6% today with TZA up 3.9%. No divergence.
TZA had black candles for 6 days, falling hard lately, but up nicely today. Good for TZA.
The low for TZA yesterday was $5.80, the lowest TZA price ever. Today’s low was 2 cents higher.
Ultimate Oscillator for TZA fell for 9 days, then rose today from 23 to 27. 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 white candle closed above the Bollinger mid line (was at the bottom Bollinger band 2 days ago). MACD seems to be heading back up. Looks like $RVX might rise tomorrow. Good for TZA.
Bollinger Bands for $RUT: Today’s long black candle for $RUT closed below the top Bollinger band after closing above it for two days. This might be the beginning of a falling $RUT. MACD is still working upwards, but might be topping. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle closed far below the upper Bollinger Band after closing above that Band two days ago. The upper Bollinger Band is still rising. This looks like the third day of a successful 3-day sell signal. Good for TZA.
TZA had a much higher high, lower low and much higher close – Good for TZA.
Money flow for the Total Stock Market was $5,934 million flowing out of the market. A fairly large number. Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Note the distinct “lack of move” in the oil volatility index (compared with other volatility indexes). There was a -2.6% move in $WTIC. $OVX barely budged. Every time there seems to be a move down in price, all of the supply gets gobbled up. I'm waiting to get short oil on a big dip below the lower BB. We're close!
Legally to the letter of the law… probably so? But legally to the intent of the law written… hell no! Those guys are as crooked as they come. They just find loop holes to exploit, and use their power and influence to keep anyone questioning them tied up for years from their team of pit bull lawyers.
But, you are right on nothing happening to them. It will be drawn out for years, and forgotten about when the next be story of corruption comes out.
when does AAPL report earnings next week
Damn I'm good at calling this market! Just do the opposite of what I do, and you'll be rich! He He He…
you should have bought some calls today, LOL
It would have guaranteed a black monday
Maybe the third time is a charm, and I should put up my “Black Monday” picture for my weekend up? I've put it up twice now, and been wrong both times.
Not that I'm worried about embarrassing myself again, as I'm pretty used too that now. But, at some point when I call wolf… there's really going to be a wolf there.
SPY 364,000,000
2nd highest daily volume in the past 222 trading days
There could be a lot of law suits filed as Obama seeks to criminalize profit and nationalize private enterprise.
TZA opened up 0.86%. Today’s gap was filled. TZA was up 6.1% at the high, and closed up 3.9%.
We are now in a New Moon Trade, which tends to favor TZA
AmericanBulls had TZA with a Hold signal for today, so this trade was in cash all day. There should be a BUY-IF signal for TZA after the close, for a possible buy Monday morning.
Volume for TZA today was the 3rd highest in the last 6 months, but the two higher volumes were on down days. This was the highest up volume in 6 months. On the other hand, TZA price is the lowest in 6 months, and while the volume is high today, the price weighted volume (# shares traded times share price, or the amount of money that changed hands) wasn’t anything special.
Still, people will look at this as a good thing, so, so will I: Good for TZA.
$RVX (VIX for $RUT) was up 6.6% today with TZA up 3.9%. No divergence.
TZA had black candles for 6 days, falling hard lately, but up nicely today. Good for TZA.
The low for TZA yesterday was $5.80, the lowest TZA price ever. Today’s low was 2 cents higher.
Ultimate Oscillator for TZA fell for 9 days, then rose today from 23 to 27. 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 white candle closed above the Bollinger mid line (was at the bottom Bollinger band 2 days ago). MACD seems to be heading back up. Looks like $RVX might rise tomorrow. Good for TZA.
Bollinger Bands for $RUT: Today’s long black candle for $RUT closed below the top Bollinger band after closing above it for two days. This might be the beginning of a falling $RUT. MACD is still working upwards, but might be topping. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s black candle closed far below the upper Bollinger Band after closing above that Band two days ago. The upper Bollinger Band is still rising. This looks like the third day of a successful 3-day sell signal. Good for TZA.
TZA had a much higher high, lower low and much higher close – Good for TZA.
Money flow for the Total Stock Market was $5,934 million flowing out of the market. A fairly large number. Bearish – Good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TZA.
$OVX chart:
http://www.screencast.com/users/dreadwin/folder…
Note the distinct “lack of move” in the oil volatility index (compared with other volatility indexes). There was a -2.6% move in $WTIC. $OVX barely budged. Every time there seems to be a move down in price, all of the supply gets gobbled up. I'm waiting to get short oil on a big dip below the lower BB. We're close!
Legally to the letter of the law… probably so? But legally to the intent of the law written… hell no! Those guys are as crooked as they come. They just find loop holes to exploit, and use their power and influence to keep anyone questioning them tied up for years from their team of pit bull lawyers.
But, you are right on nothing happening to them. It will be drawn out for years, and forgotten about when the next be story of corruption comes out.