Because I believe Sundancer knows more than I do. That and the fact that this market has been overbought for a while now and it doesn't seem to matter. I will re-enter the puts next week if it makes sense.
TNA opened up 0.25%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 1.6% at the high, and closed up 1.4%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls has TNA with a Confirmed Buy signal yesterday. This trade bought TNA at $56.50, and closed today at $60.26, up 6.6%.
Volume for TNA today was about average for the past 23 days.
$RVX (VIX for $RUT) was down 2.5 % today with TNA up 1.4%. No divergence.
TNA has now been up 6 of the last 12 days. Chop generally. Drifting higher.
The high for TNA yesterday was $60.58, the highest TNA price since November of 2008. The high today was $60.40, off 0.3% from that high.
Ultimate Oscillator for TNA rose from 60 to 63 today on a up day. A reading of 63 is Good for TNA.
MACD on the monthly chart crossed over to the upside 4 days ago and has been flat since. Mildly good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle touched the mid Bollinger line and closed below that line. MACD seems to be topping. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT closed below the top Bollinger Band. 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 below the upper Bollinger Band, after a close three days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $662 million flowing into the market. Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
after SPX 1192.22 was violated on a 3 min close algos puked over themselves
that level is the purple containment on the weekly, it has big implications. It makes the open on Monday all the more important, *if* there is a gap below $SPX 1192.22, then it makes things really intriguing
Sundancer, I am in cash now. If we gap down below 1192.22 on Monday, what does that suggest?
Because I believe Sundancer knows more than I do. That and the fact that this market has been overbought for a while now and it doesn't seem to matter. I will re-enter the puts next week if it makes sense.
At this point Sun… I'm puking all over myself!
chart http://www.screencast.com/users/Annamall2/folde…
Do you have a chart of what happen on November of 08?
Do you have a chart of what happen on November of 08?
TNA opened up 0.25%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 1.6% at the high, and closed up 1.4%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls has TNA with a Confirmed Buy signal yesterday. This trade bought TNA at $56.50, and closed today at $60.26, up 6.6%.
Volume for TNA today was about average for the past 23 days.
$RVX (VIX for $RUT) was down 2.5 % today with TNA up 1.4%. No divergence.
TNA has now been up 6 of the last 12 days. Chop generally. Drifting higher.
The high for TNA yesterday was $60.58, the highest TNA price since November of 2008. The high today was $60.40, off 0.3% from that high.
Ultimate Oscillator for TNA rose from 60 to 63 today on a up day. A reading of 63 is Good for TNA.
MACD on the monthly chart crossed over to the upside 4 days ago and has been flat since. Mildly good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle touched the mid Bollinger line and closed below that line. MACD seems to be topping. Looks like $RVX might fall tomorrow. Good for TNA.
Bollinger Bands for $RUT: Today’s white candle for $RUT closed below the top Bollinger Band. 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 below the upper Bollinger Band, after a close three days ago above that band. The upper Bollinger Band is rising. Looks $RUT could keep rising. Good for TNA.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $662 million flowing into the market. Bullish – Good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TNA.
*dangerous* market is a good adjective to describe the current situation
the amount of pressure building reminds me of Nov. 08' OPX
after SPX 1192.22 was violated on a 3 min close algos puked over themselves
that level is the purple containment on the weekly, it has big implications. It makes the open on Monday all the more important, *if* there is a gap below $SPX 1192.22, then it makes things really intriguing
Carl at day’s end:
1180-1193 estimate for today (13 points)
1183 -1191.75 actual today (8.75 points)
Carl was low by 3 and high by 1.25 -> pretty good
Trades: in /ES at 1184.75, out at 1183.75 – loss of 1 point.
Grade: C lost some money, but not much