TNA was a Hold yesterday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $61.46, up 8.7% 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 $6.30, down 3.2% 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 8.7%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +16 Hold: GS(up 3.6%), QQQQ(up 2.0%), IWM(1x, up 3.3%), UWM(2x, up 7.0%), TNA(3x, up 8.7%), SPY(up 0.68%), DRN(3x RE, up 16%), URE(2x RE, up 6.2%), IYR(1x RE, up 3.0%), GOOG(up 3.5%) Wait: RWM(-1x, down 2.9%), TWM(-2x, down 6.0%), TZA(-3x, down 3.2%), DRV(-3x RE, down 16.4%), SRS(-2x RE, down 10.8%) New Confirmed BUY: AAPL
Transition to Market Positive: -3 Not Very High Reliability SELL-IF: SCO (-2x oil), Not Very High Reliability BUY-IF: USO (oil), UCO (2x oil)
Transition to Market Negative: +3 Low reliability SELL-IF: ERX(3x energy), Low reliability BUY-IF: ERY(-3x energy), Not Very Reliable SELL-IF: DIA
Market Negative: -2 New Confirmed Sell: AMZN Hold:, DTO(-3x oil, down 10.3%)
Comment: Bullish overall, Bearish Oil, Bullish Energy, Bullish $RUT, Bullish Real Estate Action for TNA or TZA for tomorrow: None
TNA opened down 0.57%. An old gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 0.88% at the high, and closed up 0.67%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls has TNA with a Hold signal. This trade bought TNA at $56.50, and closed today at $61.45, up 8.7%.
Volume for TNA today was below average for the past 25 days.
$RVX (VIX for $RUT) was down 0.7% today with TNA up 0.67%. No divergence.
TNA has now been up 8 of the last 14 days. Drifting higher.
The high for TNA yesterday was $61.58, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose for the 7th day, from 68 to 70 today on a up day. A reading of 70 is Very Good for TNA.
MACD on the monthly chart crossed over to the upside 6 days ago and is rising. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): After yesterday’s white candle spiked below the bottom Bollinger line and closed above it, today’s black candle was entirely above that bottom line. MACD seems to have topped and is coming down. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT has been progressing upward, staying close to but below the top Bollinger Band (4th day in a row). It looks like $RUT may be riding the top Bollinger Band higher. MACD may be working back up. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed just below the upper Bollinger Band, after a close five days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, lower low and higher close – Good for TNA.
Money flow for the Total Stock Market was $257 million flowing out of the market on an UP day. Bearish – Bad for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
I know what you mean Red. So MANY people I talk to are really amazed as to what is going on… ie. Market vs reality
CSX reported also
It's looks like it's trying to form a bottom there and rise up. Maybe it will run for you? Everything else is… so what not DAG?
check out DAG started a long pos in it ,its the only thing they haven't ran up yet
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 $61.46, up 8.7% 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 $6.30, down 3.2% 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 8.7%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +16
Hold: GS(up 3.6%), QQQQ(up 2.0%), IWM(1x, up 3.3%), UWM(2x, up 7.0%), TNA(3x, up 8.7%), SPY(up 0.68%), DRN(3x RE, up 16%), URE(2x RE, up 6.2%), IYR(1x RE, up 3.0%), GOOG(up 3.5%)
Wait: RWM(-1x, down 2.9%), TWM(-2x, down 6.0%), TZA(-3x, down 3.2%), DRV(-3x RE, down 16.4%), SRS(-2x RE, down 10.8%)
New Confirmed BUY: AAPL
Transition to Market Positive: -3
Not Very High Reliability SELL-IF: SCO (-2x oil),
Not Very High Reliability BUY-IF: USO (oil), UCO (2x oil)
Transition to Market Negative: +3
Low reliability SELL-IF: ERX(3x energy),
Low reliability BUY-IF: ERY(-3x energy),
Not Very Reliable SELL-IF: DIA
Market Negative: -2
New Confirmed Sell: AMZN
Hold:, DTO(-3x oil, down 10.3%)
Comment: Bullish overall, Bearish Oil, Bullish Energy, Bullish $RUT, Bullish Real Estate
Action for TNA or TZA for tomorrow: None
Looks like 15.54 on the VIX?
That's a question for you bull/bear. Thanks!
Wonder if it will take 4 days to fill the gap again. Where exactly is the gap?
TNA opened down 0.57%. An old gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 0.88% at the high, and closed up 0.67%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls has TNA with a Hold signal. This trade bought TNA at $56.50, and closed today at $61.45, up 8.7%.
Volume for TNA today was below average for the past 25 days.
$RVX (VIX for $RUT) was down 0.7% today with TNA up 0.67%. No divergence.
TNA has now been up 8 of the last 14 days. Drifting higher.
The high for TNA yesterday was $61.58, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose for the 7th day, from 68 to 70 today on a up day. A reading of 70 is Very Good for TNA.
MACD on the monthly chart crossed over to the upside 6 days ago and is rising. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): After yesterday’s white candle spiked below the bottom Bollinger line and closed above it, today’s black candle was entirely above that bottom line. MACD seems to have topped and is coming down. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT has been progressing upward, staying close to but below the top Bollinger Band (4th day in a row). It looks like $RUT may be riding the top Bollinger Band higher. MACD may be working back up. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed just below the upper Bollinger Band, after a close five days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, lower low and higher close – Good for TNA.
Money flow for the Total Stock Market was $257 million flowing out of the market on an UP day. Bearish – Bad for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TNA.
Carl at day’s end:
1188-1200 estimate for today (12 points)
1185 -1195.75 actual today (10.75 points)
Carl revised his estimate to 1181-1192 after his low didn’t hold.
Trades: In /ES at 1190.50, out at 1187.00 (loss of 3.5 points)
Grade: D (lost some money)
2007 uni-directional thrust 12.94% : 3.4% correction
2010 uni-directional thrust 14.81% : 3.89% = 1152.56
2009 uni-directional thrust gave us a 3.92% correction (8.17.2009 low)