TNA went from highly reliable BUY-IF signal, to confirmed BUY, and today is a hold. The TNA buy was at $56.50. TNA closed at $60.11, up 6.4% since the buy.
The candlestick today White Candlestick (normal buying pressure).
TZA today has a highly reliable SELL-IF. Yesterday, it was a hold, down 7.1%. The buy price was $7.04. TZA closed today at $6.46, down 8.2% since the buy. The candlestick today was a Black Candlestick (normal selling pressure). The last three candlesticks formed a highly reliable Bearish Three Outside Down Pattern.
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, now down 8.2%
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 6.4%
Summary of $RUT based ETFs & a few popular ETFs (Market positive): Wait: DRV(-3x), SRS(-2x), RWM(-1x), TWM(-2x) Hold: DRN(3x, up 12.9%), DIA(up 0.65%), QQQQ(up 0.8%), IWM(1x, up 2.4%), UWM(2x, up 5.3%), TNA(3x, up 6.4%) New Confirmed Buy: URE(2x), IYR(1x)
Market Transition: Highly Reliable SELL-IF: TZA (-3x, down 6.6% )
Market Negative: Wait: SPY Hold: DTO(-2x oil, down 15.24%)
Comment: simply astounding that DTO remains a hold here, down 15%.
Comment: market more positive than yesterday, 3rd day in a row Action for tomorrow: Possible Sell of TZA
SC, I hope you wash your hands before cleaning the toilets after cooking those greasy burgers. I would love to hear more of your strategy. I am in cash for the time being and have traded options on a limited basis. I am only using a 3x etf for a day trade.
I'm playing the weekly BUY-IF signal buying some DRV every day this week. So far, I just want to throw up. The good news is I'm playing this pretty small.
IYR looks like it just broke out of a congested area, and could run for a while. Bothersome.
Last week, I sold my DRV for 8.73 (a tiny profit). 2 days later, I was kicking myself because it ramped up to 9.01. If we really are near a top, DRV should put in a doji very soon with a long tail. We have step one of a bollinger band sell signal in place on $RMZ. Tomorrow, we need to see a close inside the upper BB, and the following day we need a lower close than tomorrow. I expect a long tailed doji tomorrow in DRV followed by a reversal.
TNA opened down 1.1%. Yesterday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 2.3% at the high, and closed up 1.6%.
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 $60.13, up 6.4%.
Volume for TNA today was about average for the past 6 days, but low compared to the average of the past 20 days.
$RVX (VIX for $RUT) was down 1.7 % today with TNA up 1.6%. No divergence.
TNA has now been up 5 of the last 9 days. Chop generally, but today added to yesterday’s breakout. Good for TNA.
The high for TNA today was $60.56, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 47 to 56 today. Until today, UO has been below 50 five of the last seven days. Indicates strength for TNA. Good for TNA.
MACD on the monthly chart crossed over downwards seven days ago, but has moved back up and may cross over to the upside tomorrow. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle crossed below 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: The entire body of the white candle for $RUT was 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 white candle closed above the upper Bollinger Band. The upper Bollinger Band is flat. Looks like we are near a top for $RUT. Bad for TNA, but maybe not right away.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $1,003 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.
it's 9.54% to the de-leverage pt. of 1078, which makes perfect sense as it gives the operators a 30 pt. range to acquire new inventory into the 1049.98 area
once the debasement takes out 10% the mind controlled fools will beLIEve the top is in are go all in short right @ the bottom
Interesting – from my horrid math skills I calculate that if the same relationship were to hold from here, we would reach around 1067 which is similar to the SPY number you have mentioned (I think). 9/11 – hmmm.
The Daily view from Americanbulls
TNA went from highly reliable BUY-IF signal, to confirmed BUY, and today is a hold. The TNA buy was at $56.50. TNA closed at $60.11, up 6.4% since the buy.
The candlestick today White Candlestick (normal buying pressure).
TZA today has a highly reliable SELL-IF. Yesterday, it was a hold, down 7.1%. The buy price was $7.04. TZA closed today at $6.46, down 8.2% since the buy. The candlestick today was a Black Candlestick (normal selling pressure). The last three candlesticks formed a highly reliable Bearish Three Outside Down Pattern.
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, now down 8.2%
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 6.4%
Summary of $RUT based ETFs & a few popular ETFs (Market positive):
Wait: DRV(-3x), SRS(-2x), RWM(-1x), TWM(-2x)
Hold: DRN(3x, up 12.9%), DIA(up 0.65%), QQQQ(up 0.8%), IWM(1x, up 2.4%), UWM(2x, up 5.3%), TNA(3x, up 6.4%)
New Confirmed Buy: URE(2x), IYR(1x)
Market Transition:
Highly Reliable SELL-IF: TZA (-3x, down 6.6% )
Market Negative:
Wait: SPY
Hold: DTO(-2x oil, down 15.24%)
Comment: simply astounding that DTO remains a hold here, down 15%.
Comment: market more positive than yesterday, 3rd day in a row
Action for tomorrow: Possible Sell of TZA
SC, I hope you wash your hands before cleaning the toilets after cooking those greasy burgers. I would love to hear more of your strategy. I am in cash for the time being and have traded options on a limited basis. I am only using a 3x etf for a day trade.
IYR flips out and kills people (i.e. goes up) when $TNX makes a “run”. If the Fed can contain $TNX, look for IYR to crater.
Mole put up an interesting post below , must read
http://slopeofhope.com/2010/04/caveat-tauri.htm…
I'm playing the weekly BUY-IF signal buying some DRV every day this week. So far, I just want to throw up. The good news is I'm playing this pretty small.
IYR looks like it just broke out of a congested area, and could run for a while. Bothersome.
Last week, I sold my DRV for 8.73 (a tiny profit). 2 days later, I was kicking myself because it ramped up to 9.01. If we really are near a top, DRV should put in a doji very soon with a long tail. We have step one of a bollinger band sell signal in place on $RMZ. Tomorrow, we need to see a close inside the upper BB, and the following day we need a lower close than tomorrow. I expect a long tailed doji tomorrow in DRV followed by a reversal.
TNA opened down 1.1%. Yesterday’s gap from $55.95 to $56.03 was not filled. Today’s gap was filled. TNA was up 2.3% at the high, and closed up 1.6%.
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 $60.13, up 6.4%.
Volume for TNA today was about average for the past 6 days, but low compared to the average of the past 20 days.
$RVX (VIX for $RUT) was down 1.7 % today with TNA up 1.6%. No divergence.
TNA has now been up 5 of the last 9 days. Chop generally, but today added to yesterday’s breakout. Good for TNA.
The high for TNA today was $60.56, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 47 to 56 today. Until today, UO has been below 50 five of the last seven days. Indicates strength for TNA. Good for TNA.
MACD on the monthly chart crossed over downwards seven days ago, but has moved back up and may cross over to the upside tomorrow. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle crossed below 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: The entire body of the white candle for $RUT was 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 white candle closed above the upper Bollinger Band. The upper Bollinger Band is flat. Looks like we are near a top for $RUT. Bad for TNA, but maybe not right away.
TNA had a higher high, higher low and higher close – Good for TNA.
Money flow for the Total Stock Market was $1,003 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.
co-relational 11.9% off 1191.80 = 1049.98
it's 9.54% to the de-leverage pt. of 1078, which makes perfect sense as it gives the operators a 30 pt. range to acquire new inventory into the 1049.98 area
once the debasement takes out 10% the mind controlled fools will beLIEve the top is in are go all in short right @ the bottom
Interesting – from my horrid math skills I calculate that if the same relationship were to hold from here, we would reach around 1067 which is similar to the SPY number you have mentioned (I think). 9/11 – hmmm.
the summer 07' debasement local max : min = 11.9% (9.11) co-relational to $SPX 1191