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
I didn't realize that VIX closed below the Lower BB yesterday. Buying may puts and vix calls this morning.
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'!