Carl has been a bit off lately. Either not trading at all, or trading with a loss. Obviously, this market does not suit his indicators or his style or something.
His range picking has been pretty good, but I do agree that his choice of smaller numbers in his estimates does mess with the mind.
Very true… now let's just get someone from the “inside” to post here, and let us know what they plan next. That would be ideal.
I'm sure there are good people working for crooked banksters, that hate it, but are stuck in that position. They can't leave because they are paid well, and no other job pays that good.
You can't blame them for that, but it would be nice to see more whistle blowers come out like the guy who exposed JPM's illegal scheme.
Come out like that is really taking a big chance, as you might end up dead. But posting here to help out the little guy would be a nice first step.
Wishful thinking of course, but we can still dream…
TNA was a Hold yesterday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $66.06, up 16.9% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA was a Wait yesterday, fell today, and remains a Wait. The candlestick for today was a Black Spinning Top (complete indecision between bulls & bears). The TZA sell price was $6.51. TZA closed today at $5.83, down 10.4% since the sell.
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 16.9%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +13 Hold: IWM(1x, up 5.8%), UWM(2x, up 12.2%), TNA(3x, up 16.9%), IYR(1x RE, up 0.6%), URE(2x RE, up 1.0%), DRN(3x RE, up 7.2%), AAPL(up 2.7%), SPY(up 1.9%), QQQQ(up 3.6%), DIA(up 2.3%), UCO (2x oil), ERX(3x energy) New Confirmed BUY: AMZN
Transition to Market Positive: none
Transition to Market Negative: +1 Not Very Highly Reliable SELL-IF: USO (oil) Highly Reliable SELL-IF: GS Not Very Reliable SELL-IF: GOOG
Market Negative: none
Comment: Bullish overall, Bullish Oil, Bullish $RUT, Bullish Real Estate Action for TNA or TZA for tomorrow: None
I think the target down is likely the 1055.92 one, as they have told us that Dow 10k is a target down. The question is when will it start?
I'm not putting the guy down… I've been off on every call. I was just joking, as I rarely see him talk about the bearish side. 🙂
whenever the $SPX stops it's reaction will either be extremely shallow or extremely deep
$SPX 3.6.2009 : 6.11.2009 = 43.41%
$SPX 6.11.2009: 7.8.2009 = -9.09%
43.41/9.09 = 4.77
$SPX 7.8.2009 : 9.23.2009 = 24.25%
$SPX 9.23.2009: 10.2.2009 = -5.57%
24.25/5.57 = 4.35
AVG. of 4.77 : 4.35 = 4.56
$SPX 10.2.2009 : $SPX 10.21.2009 = 7.98%
$SPX 10.21.2009: $SPX 11.2.2009 = -6.54%
7.98/6.54 = 1.22
$SPX 11.2.2009 : 1.19.2009 = 11.76%
$SPX 1.19.2009 : 2.5.2010 = -9.21%
11.76/9.21 = 1.27
AVG of 1.22 : 1.27 = 1.245
Current high on $SPX = 16.22%
16.22/4.56(AVG of 1:2 reaction) = 3.55% (1170.92)
16.22/1.245(AVG of 3:4 reaction)= 13.02%(1055.92)
Carl has been a bit off lately. Either not trading at all, or trading with a loss. Obviously, this market does not suit his indicators or his style or something.
His range picking has been pretty good, but I do agree that his choice of smaller numbers in his estimates does mess with the mind.
“Bearish”… what's that? Never heard the word before… Aren't all the bears extinct now? LOL
Carl has been saying, for as long as I can recall, that QQQQ was headed to 50. The message never changed, so I never paid any attention to it.
Well, today the message changed:
QQQ: The 50.00 target has been reached and a drop to 48. 80 or so is now likely.
I guess that makes Carl somewhat bearish for the moment.
Very true… now let's just get someone from the “inside” to post here, and let us know what they plan next. That would be ideal.
I'm sure there are good people working for crooked banksters, that hate it, but are stuck in that position. They can't leave because they are paid well, and no other job pays that good.
You can't blame them for that, but it would be nice to see more whistle blowers come out like the guy who exposed JPM's illegal scheme.
Come out like that is really taking a big chance, as you might end up dead. But posting here to help out the little guy would be a nice first step.
Wishful thinking of course, but we can still dream…
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is 1197 – 1207. It looks like the ES will drop 30 points or more from the 1210-15 target zone.
1204.50 -1210.50 actual yesterday (6 points)
1201.25 low last night (1201 was low 1 day earlier)
1197-1207 estimate for today (10 points)
1203 currently, so estimate is -6 to +4 from here (slightly bearish)
Stock market is like this since inception. Can RON do something about it? I doubt. They are too powerful…
So next question – how can we profit from it?
The Daily view from Americanbulls
TNA was a Hold yesterday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $66.06, up 16.9% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA was a Wait yesterday, fell today, and remains a Wait. The candlestick for today was a Black Spinning Top (complete indecision between bulls & bears). The TZA sell price was $6.51. TZA closed today at $5.83, down 10.4% since the sell.
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 16.9%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +13
Hold: IWM(1x, up 5.8%), UWM(2x, up 12.2%), TNA(3x, up 16.9%), IYR(1x RE, up 0.6%), URE(2x RE, up 1.0%), DRN(3x RE, up 7.2%), AAPL(up 2.7%), SPY(up 1.9%), QQQQ(up 3.6%), DIA(up 2.3%), UCO (2x oil), ERX(3x energy)
New Confirmed BUY: AMZN
Transition to Market Positive: none
Transition to Market Negative: +1
Not Very Highly Reliable SELL-IF: USO (oil)
Highly Reliable SELL-IF: GS
Not Very Reliable SELL-IF: GOOG
Market Negative: none
Comment: Bullish overall, Bullish Oil, Bullish $RUT, Bullish Real Estate
Action for TNA or TZA for tomorrow: None