Well, I'm not saying that it will go back up tomorrow… only that in the past, that's what always happens. I'm short now, and staying short. I know that once the move occurs, there will be little chance to get short.
Pretty much in agreement with you on that one. My guess would be that it will look like an impulsive “straight up” rip to scare the living daylights out of any who would dare go short.
TNA opened down 0.37%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 0.75% at the high, and closed down 0.96%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls has TNA with a hold. This trade bought TNA at $56.50, and closed today at $59.55, up 5.4%.
Volume for TNA today was noticeably above the average for the past 6 days, and about average for the past 21 days.
$RVX (VIX for $RUT) was up 1.7 % today with TNA down 0.9%. No divergence.
TNA has now been up 5 of the last 10 days. Chop generally. Hard to read.
The high for TNA today was $60.58, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 56 to 58 today on a down day, a divergence. A reading of 58 indicates strength for TNA. Good for TNA.
MACD on the monthly chart crossed over downwards eight days ago, but has moved back up and crossed over to the upside today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s doji candle touched the lower Bollinger band and closed above that band. MACD seems to be topping. Looks like $RVX might rise tomorrow. Bad for TNA.
Bollinger Bands for $RUT: Today’s doji candle for $RUT touched and closed above the top Bollinger Band. Just like yesterday, it looks like $RUT may have topped, but need to watch tomorrow for confirmation. MACD has crossed down, but may be working back up. Unclear.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed below the upper Bollinger Band, after a close yesterday above that band. The upper Bollinger Band is rising. Looks like we are near a top for $RUT. Bad for TNA, but maybe not right away.
TNA had a slightly higher high, higher low and lower close – Good for TNA.
Money flow for the Total Stock Market was $264 million flowing out of the market. Bearish – Bad for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TNA soon, perhaps tomorrow.
Too Funny! I think a storm is coming… Time to close the windows and bolten down the hatches.
What level are we looking for tomorrow? I suspect that we will rally in the morning as the dip buyers jump on the bull train, but I could be surprised…
So Sun … essentially, you are saying once we break max containment on the 60 min which is the TL from the feb lows @ 117.6, then we fall to 1150 … but you think we will fall much further to the debasement point at 1078 or go as low as 1050 … and this is where we should go long …
Well, I'm not saying that it will go back up tomorrow… only that in the past, that's what always happens. I'm short now, and staying short. I know that once the move occurs, there will be little chance to get short.
Pretty much in agreement with you on that one. My guess would be that it will look like an impulsive “straight up” rip to scare the living daylights out of any who would dare go short.
I'm currently in cash. I think that Carl goes long tomorrow. I'll join him if he does.
i want to see a gap down
it would initiate the downward thrust the same way the upward thrust was initiated
remember this chart
http://www.flickr.com/photos/47091634@N04/43698…
TNA opened down 0.37%. Monday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 0.75% at the high, and closed down 0.96%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls has TNA with a hold. This trade bought TNA at $56.50, and closed today at $59.55, up 5.4%.
Volume for TNA today was noticeably above the average for the past 6 days, and about average for the past 21 days.
$RVX (VIX for $RUT) was up 1.7 % today with TNA down 0.9%. No divergence.
TNA has now been up 5 of the last 10 days. Chop generally. Hard to read.
The high for TNA today was $60.58, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 56 to 58 today on a down day, a divergence. A reading of 58 indicates strength for TNA. Good for TNA.
MACD on the monthly chart crossed over downwards eight days ago, but has moved back up and crossed over to the upside today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s doji candle touched the lower Bollinger band and closed above that band. MACD seems to be topping. Looks like $RVX might rise tomorrow. Bad for TNA.
Bollinger Bands for $RUT: Today’s doji candle for $RUT touched and closed above the top Bollinger Band. Just like yesterday, it looks like $RUT may have topped, but need to watch tomorrow for confirmation. MACD has crossed down, but may be working back up. Unclear.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle closed below the upper Bollinger Band, after a close yesterday above that band. The upper Bollinger Band is rising. Looks like we are near a top for $RUT. Bad for TNA, but maybe not right away.
TNA had a slightly higher high, higher low and lower close – Good for TNA.
Money flow for the Total Stock Market was $264 million flowing out of the market. Bearish – Bad for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks bad for TNA soon, perhaps tomorrow.
Too Funny! I think a storm is coming… Time to close the windows and bolten down the hatches.
What level are we looking for tomorrow? I suspect that we will rally in the morning as the dip buyers jump on the bull train, but I could be surprised…
Also, can you share what you would be watching on the open tomorrow ?
At work in the am, so can't read everything then …
Thnx a ton 🙂
So Sun … essentially, you are saying once we break max containment on the 60 min which is the TL from the feb lows @ 117.6, then we fall to 1150 … but you think we will fall much further to the debasement point at 1078 or go as low as 1050 … and this is where we should go long …
Did I paraphrase this right 🙂
No. the damage is done. This is just the opening salvo. Money flowed out of the market across the board today.
No P3. Not yet.
Carl at day’s end:
1174-1185 estimate for today (11 points)
1173.25 -1186.25 actual today (13 points)
Carl was pretty darn close.
Trades: no trades today
Grade: C didn’t lose any money