Don't know if you have seen this on Stockcharts (and you guys probably know all this stuff anyway) but thought it was helpful. SC, explains the ARMS indicator. http://stockcharts.com/school/doku.php?id=chart…
TNA was a Hold last Friday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $61.04, up 8.0% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA was a confirmed sell on Friday and today has a Wait signal. 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 $6.35, down 2.4% 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 8.0%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +11 Hold: GS(up 2.8%), ERX(3x energy, up 6.9%), QQQQ(up 1.4%), IWM(1x, up 3.1%), UWM(2x, up 6.4%), TNA(3x, up 8.0%), SPY(up 0.6%) Wait: RWM(-1x, down 2.7%), TWM(-2x, down 5.5%), ERY(-3x energy, down 13.6%), TZA(-3x, down 2.5%)
Transition to Market Positive: +1 Highly Reliable BUY-IF: AAPL
Transition to Market Negative: -2 Highly Reliable SELL-IF: DRN(3x), URE(2x), IYR(1x), Not Very Reliable SELL-IF: DIA Highly Reliable BUY-IF: DRV(-3x), SRS(-2x) Low reliability SELL-IF: GOOG, AMZN
Market Negative: -4 Hold:, SCO (-2x oil, up 4.9%), DTO(-3x oil, down 10.5%) Wait: USO (oil, down 2.5%), UCO (2x oil, down 2.5%)
Comment: Somewhat Bullish overall, Bearish Oil, Bullish Energy, Bullish $RUT, Bearish Real Estate Action for TNA or TZA for tomorrow: None
Don't know if you have seen this on Stockcharts (and you guys probably know all this stuff anyway) but thought it was helpful. SC, explains the ARMS indicator.
http://stockcharts.com/school/doku.php?id=chart…
Earl, Nice Work
http://stockcharts.com/h-sc/ui?s=bac&p=D&b=5&g=…
cLOSED AT 18.66
The Daily view from Americanbulls
TNA was a Hold last Friday, and rose today, remaining a Hold. The TNA buy was at $56.50. TNA closed at $61.04, up 8.0% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA was a confirmed sell on Friday and today has a Wait signal. 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 $6.35, down 2.4% 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 8.0%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +11
Hold: GS(up 2.8%), ERX(3x energy, up 6.9%), QQQQ(up 1.4%), IWM(1x, up 3.1%), UWM(2x, up 6.4%), TNA(3x, up 8.0%), SPY(up 0.6%)
Wait: RWM(-1x, down 2.7%), TWM(-2x, down 5.5%), ERY(-3x energy, down 13.6%), TZA(-3x, down 2.5%)
Transition to Market Positive: +1
Highly Reliable BUY-IF: AAPL
Transition to Market Negative: -2
Highly Reliable SELL-IF: DRN(3x), URE(2x), IYR(1x),
Not Very Reliable SELL-IF: DIA
Highly Reliable BUY-IF: DRV(-3x), SRS(-2x)
Low reliability SELL-IF: GOOG, AMZN
Market Negative: -4
Hold:, SCO (-2x oil, up 4.9%), DTO(-3x oil, down 10.5%)
Wait: USO (oil, down 2.5%), UCO (2x oil, down 2.5%)
Comment: Somewhat Bullish overall, Bearish Oil, Bullish Energy, Bullish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: None
If you buy the 130 call, the market will promptly go to 103! LMAO
Unless WWIII breaks out in a few days, our April puts will be kaput.
That's what I'm doing tomorrow. I'm taking my 6 cents and buying an April 130 SPY call. Surely it will hit that target by this Friday…
LMAO.. Give me liberty or give me death?
I have an idea. Just buy a call, Red. That should end this bull run instantly. LOL
I think Carl knows he is a good trend trader and perhaps he feels like right now, the trend may not be as clear. Who knows though.
As we used to say 'Right On'!
Earl, Nice Work