TNA yesterday had a SELL-IF signal that did not confirm today, so TNA is back to a Hold. The TNA buy was at $56.50. TNA closed at $60.31, up 6.7% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA yesterday had a not very highly reliable SELL-IF signal, and that signal confirmed today so TZA is a confirmed SELL. The candlestick for today was Black Candlestick(normal selling pressure). The TZA buy price was $7.04. TZA closed today at $6.43, down 8.6% since the buy.
Two 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 (opening price today)
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 6.7%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +17 Hold: GS(up 3.6%), ERX(3x energy, up 6.1%), DRN(3x, up 10.8%), QQQQ(up 1.3%), IWM(1x, up 2.6%), UWM(2x, up 5.5%), TNA(3x, up 6.7%), URE(2x, up 2.6%), IYR(1x, up 1.4%), DIA(up 0.96%), Wait: DRV(-3x, down 11.7%), SRS(-2x, down 7.4%), RWM(-1x, down 2.3%), TWM(-2x, down 4.7%), ERY(-3x energy, down 12.7%), New Confirmed Sell: TZA(-3x) New Confirmed Buy: SPY
Transition to Market Positive: +1 Highly Reliable BUY-IF: AAPL
DRYS (compared with $BDI) is my garbage indicator. The Baltic Dry Index is headed down, and DRYS is headed up. I also watch selected Chinese solar plays, too (LDK for one).
I think that the wildcard here that will bring everything down will be oil. I think it is in the process of a breakout, headed first to $90 then maybe to $100 if asset-mania kicks into full-force. This will be what brings the markets down to earth, and causes the double-dip recession all the bears have been praying for. Of course, all the bears will be broke by then!
for those that can't remember the 9.29.2008 ritual (9.11) it's where congress had the dog & pony show vote on the stimulus $DJI closed down -777 pts. That was a fun day
You don't have anyway to tell what the “real max pain” would be for the spy do you? That website that posts it, isn't accurate. Looking at the puts and calls at all the different strike prices only tells me that if I were going by open interest, I'd close this Friday at 117, as that where the most contracts are.
But, that doesn't mean that the market makers have that target as their max pain. Do you have a better way to figure out what the likely pinning price is this opx?
when the $SPX tested the TL back on 9.29.2008, it had a 5.6% reaction.
On the ritual side of things: the operators make me laugh 9.29 = 9.11 today is the 911th day after 10.11.2007 $SPX all time high SPY close 119.xx today's date 4.9 = 4*9=36 sum 1:36=666 Intriguing day to say the least
The Daily view from Americanbulls
TNA yesterday had a SELL-IF signal that did not confirm today, so TNA is back to a Hold. The TNA buy was at $56.50. TNA closed at $60.31, up 6.7% since the buy. The candlestick today was a White Candlestick (normal buying pressure).
TZA yesterday had a not very highly reliable SELL-IF signal, and that signal confirmed today so TZA is a confirmed SELL. The candlestick for today was Black Candlestick(normal selling pressure). The TZA buy price was $7.04. TZA closed today at $6.43, down 8.6% since the buy.
Two 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 (opening price today)
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 6.7%
Summary of $RUT based ETFs & a few popular ETFs & stocks (Market positive): +17
Hold: GS(up 3.6%), ERX(3x energy, up 6.1%), DRN(3x, up 10.8%), QQQQ(up 1.3%), IWM(1x, up 2.6%), UWM(2x, up 5.5%), TNA(3x, up 6.7%), URE(2x, up 2.6%), IYR(1x, up 1.4%), DIA(up 0.96%),
Wait: DRV(-3x, down 11.7%), SRS(-2x, down 7.4%), RWM(-1x, down 2.3%), TWM(-2x, down 4.7%), ERY(-3x energy, down 12.7%),
New Confirmed Sell: TZA(-3x)
New Confirmed Buy: SPY
Transition to Market Positive: +1
Highly Reliable BUY-IF: AAPL
Transition to Market Negative: +2
Low reliability SELL-IF: GOOG, AMZN
Market Negative: -4
Hold:, SCO (-2x oil, up 3.8%), DTO(-3x oil, down 11.6%)
Wait: USO (oil, down 1.9%)
New Confirmed SELL: UCO (2x oil)
Comment: Bullish overall, Bearish Oil, Bullish Energy, Bullish $RUT, Bullish Real Estate
Action for tomorrow: None
DRYS (compared with $BDI) is my garbage indicator. The Baltic Dry Index is headed down, and DRYS is headed up. I also watch selected Chinese solar plays, too (LDK for one).
I think that the wildcard here that will bring everything down will be oil. I think it is in the process of a breakout, headed first to $90 then maybe to $100 if asset-mania kicks into full-force. This will be what brings the markets down to earth, and causes the double-dip recession all the bears have been praying for. Of course, all the bears will be broke by then!
Well that's good too know… maybe I should offer them a bride to dump it next week, with my remaining 66 cents from selling my kids and wife?
I've never really paid attention to the max pain theory so I don't have any special resources on that.
Should the operators dump the $SPX next week, it'll blow through 1170.
for those that can't remember the 9.29.2008 ritual (9.11) it's where congress had the dog & pony show vote on the stimulus
$DJI closed down -777 pts.
That was a fun day
You don't have anyway to tell what the “real max pain” would be for the spy do you? That website that posts it, isn't accurate. Looking at the puts and calls at all the different strike prices only tells me that if I were going by open interest, I'd close this Friday at 117, as that where the most contracts are.
But, that doesn't mean that the market makers have that target as their max pain. Do you have a better way to figure out what the likely pinning price is this opx?
LOL… no, I wish I had now. Actually, I thought I could roll these into May on a down move… but that's not happening it seems.
when the $SPX tested the TL back on 9.29.2008, it had a 5.6% reaction.
On the ritual side of things: the operators make me laugh
9.29 = 9.11
today is the 911th day after 10.11.2007 $SPX all time high
SPY close 119.xx
today's date 4.9 = 4*9=36 sum 1:36=666
Intriguing day to say the least
it means to call 911 on your April puts…. Codeblue… Flatliner alert! lol.
Did you get any May Puts?
Looks like every time it touched (3 times, I see), it bounced back hard. What about the weekly chart? What do you see there?
“9's” and “1's” in the close of the SPX… hmmm, wonder what that implies? Maybe nothing?