Red, don't you realize that folks aren't paying their mortgage and that frees up billions of dollars for them to spend on the economy just think about the GDP if I stopped paying 2 mortgages about 2000$ the money I could spend at Victoria's Secret LOL that is what is happening (not a good scenario)
TNA was a Hold yesterday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $65.45, up 15.8% since the buy. The candlestick today was a White Closing Marubozu (big white candlestick closing at the high).
TZA was a Wait yesterday, fell today, and remains a Wait. The candlestick for today was a Black Closing Marubozu (big black candlestick closing at the low). The TZA sell price was $6.51. TZA closed today at $5.89, down 9.5% 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 15.8%
Summary of Positive ETFs & stocks (Market positive): +13 Hold: IWM(1x, up 5.5%), UWM(2x, up 11.5%), TNA(3x, up 15.8%), IYR(1x RE, up 3.1%), URE(2x RE, up 6.0%), DRN(3x RE, up 16.3%), GS(up 6.9%), AAPL(up 1.4%), SPY(up 1.8%), QQQQ(up 3.2%), DIA(up 2.0%) New Confirmed BUY: USO (oil), UCO (2x oil)
Transition to Market Positive: -1 Not Very Highly Reliable BUY-IF: AMZN
Transition to Market Negative: +2 Not Very Reliable SELL-IF: GOOG Low reliability SELL-IF: ERX(3x energy),
Market Negative: none
Comment: Bullish overall, Bullish Oil, Bullish $RUT, Bullish Real Estate Action for TNA or TZA for tomorrow: None
over at martin weiss's site which are always bearish by the way explained it all so clearly to me… i posted it below and yes I have been long stocks and do short by i never excepted this strong of a recovery. he says that we won't know for some time why people were buying Coach handbags in a time like this, instead just follow the trend even though you know it's crazy.
” Right now, the consumer discretionary sector is back on an upswing. Hard to believe?
Often the reasons a specific market sector goes up (or down) are apparent only in hindsight. Yet the market is telling us that luxury goods companies are doing much better than they were a year ago.
And one thing I’ve learned over the years is that you have to follow the trend — even when you don’t understand it! “
the baltic dry index is still in the gutter, ships are parked out at sea. X had terrible earnings in Jan AA again had bad earnings, and are demolishing plants. copper stockpiled, not being used bankruptcies still going up foreclosures not stopping real unemployment 16.9%
Nobody needs a job Red, just go long PCLN! LOL
I got word yesterday the operators harvested a good amount of speculative capital. One large individual trader & one fund.
Too Funny girl… Yes, it's sad but true!
Red, don't you realize that folks aren't paying their mortgage and that frees up billions of dollars for them to spend on the economy just think about the GDP if I stopped paying 2 mortgages about 2000$ the money I could spend at Victoria's Secret LOL that is what is happening (not a good scenario)
Red, maybe that big green arrow on your page is what we need for a sell off! It's as good as any other indicator I have seen at lately!
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 $65.45, up 15.8% since the buy. The candlestick today was a White Closing Marubozu (big white candlestick closing at the high).
TZA was a Wait yesterday, fell today, and remains a Wait. The candlestick for today was a Black Closing Marubozu (big black candlestick closing at the low). The TZA sell price was $6.51. TZA closed today at $5.89, down 9.5% 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 15.8%
Summary of Positive ETFs & stocks (Market positive): +13
Hold: IWM(1x, up 5.5%), UWM(2x, up 11.5%), TNA(3x, up 15.8%), IYR(1x RE, up 3.1%), URE(2x RE, up 6.0%), DRN(3x RE, up 16.3%), GS(up 6.9%), AAPL(up 1.4%), SPY(up 1.8%), QQQQ(up 3.2%), DIA(up 2.0%)
New Confirmed BUY: USO (oil), UCO (2x oil)
Transition to Market Positive: -1
Not Very Highly Reliable BUY-IF: AMZN
Transition to Market Negative: +2
Not Very Reliable SELL-IF: GOOG
Low reliability SELL-IF: ERX(3x energy),
Market Negative: none
Comment: Bullish overall, Bullish Oil, Bullish $RUT, Bullish Real Estate
Action for TNA or TZA for tomorrow: None
That one is easy. Don't you people know anything about those fat WallStreet bonuses and pays? Of course the luxury sector is back to life again.
over at martin weiss's site which are always bearish by the way explained it all so clearly to me… i posted it below and yes I have been long stocks and do short by i never excepted this strong of a recovery. he says that we won't know for some time why people were buying Coach handbags in a time like this, instead just follow the trend even though you know it's crazy.
” Right now, the consumer discretionary sector is back on an upswing. Hard to believe?
Often the reasons a specific market sector goes up (or down) are apparent only in hindsight. Yet the market is telling us that luxury goods companies are doing much better than they were a year ago.
And one thing I’ve learned over the years is that you have to follow the trend — even when you don’t understand it! “
also,
the baltic dry index is still in the gutter, ships are parked out at sea.
X had terrible earnings in Jan
AA again had bad earnings, and are demolishing plants.
copper stockpiled, not being used
bankruptcies still going up
foreclosures not stopping
real unemployment 16.9%
and on and on…
what just happened ?
seriously, in 1 year the XRT went from an all time low to an all time high today….ya go look!
there are companies making money and a lot of it, record profits for some… not just retail… UPS is doing well,ect…
is it like Red says about not paying or having a mortgage anymore?
was it the cocooning for 2-3 years and now the shoppers are out of their caves buying everything in sight?
I know the market is overbought, I know all about the lies and BS to get markets up…
but what the F just happened..
Goog to drop about 5% IMO