TNA had been a highly reliable BUY-IF signal, was up today, and is now a confirmed BUY. TNA opened (gapped up) today at $56.50, and the buy is at that price. TNA closed at $59.16, up 4.7% since the buy.
The candlestick today Long White Candlestick (strong buying pressure).
TZA remains a Hold. **cough** The buy price was $7.04. TZA closed today at $6.57, down 7.1% since the buy. The candlestick today was a Black Candlestick (normal selling pressure).
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, now down 7.1%
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 4.7%
Summary of $RUT based ETFs & a few popular ETFs (Market positive): Wait: DRV(-3x), SRS(-2x) Hold: DRN(3x, up 5.6%), DIA(up 0.6%), QQQQ(up 0.5%), IWM(1x, up 1.9%), UWM(2x, up 4.1%) New Confirmed Sell RWM(-1x), TWM(-2x) New Confirmed Buy TNA(3x)
Market Negative: Wait: SPY Hold: DTO(-2x oil, down 15.43%), TZA (-3x, down 6.6% )
Comment: simply astounding that DTO is a hold here, down 15%.
Comment: TZA is a hold, down 6.6%. It’s inverse buddies (RWM(-1x) and TWM(-2x) are sells. The 3 positive ETFs in the $RUT family are hold, hold & new buy. That leaves TZA hanging, looking foolish.
Comment: market more positive than yesterday, 2nd day in a row Action for tomorrow: none
The BB for $RUT:$RVX flattening out could be a bearish signal. It is actually falling — which means that if prices and volatility stay at current levels, we will get a sell signal.
TNA opened up 1.0%. Gap from $55.95 to $56.03 was not filled. TNA was up 5.7% at the high, and closed up 5.7%.
We are now in a Full Moon Trade, which tends to favor TNA. AmericanBulls had TNA with a BUY-IF signal last Thursday, and TNA gapped up this morning, so this trade bought TNA at the opening price $56.50, and was up 4.7% at the close.
Volume for TNA today was the lowest of the last 19 days.
$RVX (VIX for $RUT) was down 5.0 % today with TNA up 5.7%. No divergence.
TNA has now been up 4 of the last 8 days. Chop generally, but today was a breakout. Good for TNA.
The high for TNA today was $59.16, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 37 to 47 today. UO has been below 50 five of the last seven days. Indicates weakness for TNA. Bad for TNA.
MACD on the monthly chart crossed over downwards six days ago, but has started moving back up. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s long black candle touched the top Bollinger Band at the open, and closed below the mid line, back in an area of congestion. MACD is rising, but might be topping. Looks like $RVX might be falling. Good for TNA.
Bollinger Bands for $RUT: The large white candle for $RUT closed above the top Bollinger Band. 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 is at the top near the upper Bollinger Band. The upper Bollinger Band is flat. Looks like the topping process has paused. Good for TNA.
TNA had a much higher high, much higher low and much higher close – Good for TNA.
Money flow for the Total Stock Market was $777 million flowing into the market. Bullish – good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks ok for TNA for tomorrow, but bad generally. (Big move on low volume, general Ultimate Oscillator divergence)
LOL… Of course it would be! Duh! I was thinking of a different chart when I typed that, and didn't go pull up the GS chart.
I forgot that they have been selling off the last couple of weeks. I'm so used too them rising every day (like Bidu and Google has been) that it never occurred too me that you were talking about the support below, versus overhead resistance.
(Screwing my head back on now, and inserting brain… might need some batteries though?)
the dam breaking on GS would be to the downside, i referenced the high 169's because it's where GS 2 most important daily containment pts. are at. this mornings dance with the high 169's is hit #3 i posted this chart last week http://www.flickr.com/photos/47091634@N04/44793…
If GS breaks the dam, and heads up more… the market will too. I can't see us falling without GS?
Today's move to 1187.73 spx looks very similar to moves made the last day before a fall, when comparing it to the chart above of previous actions. Each time there was a pop higher, and then a drop.
I'm sure everyone is now expecting us to get to 11k DOW… just wonder if that isn't the plan to lure in the last bull, and squeeze out the last bear?
Since it seems so obvious, maybe it doesn't happen?
Red,
Can't be grading on a curve here. No money, no kudos 🙂
The Daily view from Americanbulls
TNA had been a highly reliable BUY-IF signal, was up today, and is now a confirmed BUY. TNA opened (gapped up) today at $56.50, and the buy is at that price. TNA closed at $59.16, up 4.7% since the buy.
The candlestick today Long White Candlestick (strong buying pressure).
TZA remains a Hold. **cough** The buy price was $7.04. TZA closed today at $6.57, down 7.1% since the buy. The candlestick today was a Black Candlestick (normal selling pressure).
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, now down 7.1%
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 4.7%
Summary of $RUT based ETFs & a few popular ETFs (Market positive):
Wait: DRV(-3x), SRS(-2x)
Hold: DRN(3x, up 5.6%), DIA(up 0.6%), QQQQ(up 0.5%), IWM(1x, up 1.9%), UWM(2x, up 4.1%)
New Confirmed Sell RWM(-1x), TWM(-2x)
New Confirmed Buy TNA(3x)
Market Transition:
Highly Reliable BUY-IF: URE(2x), IYR(1x)
Market Negative:
Wait: SPY
Hold: DTO(-2x oil, down 15.43%), TZA (-3x, down 6.6% )
Comment: simply astounding that DTO is a hold here, down 15%.
Comment: TZA is a hold, down 6.6%. It’s inverse buddies (RWM(-1x) and TWM(-2x) are sells. The 3 positive ETFs in the $RUT family are hold, hold & new buy. That leaves TZA hanging, looking foolish.
Comment: market more positive than yesterday, 2nd day in a row
Action for tomorrow: none
Makes sense.
Mine too SC…
So, I'll see you later at Mickey D's for the 3rd shift? I might be a little late as I don't have enough gas in my moped. I'll be walking.
The BB for $RUT:$RVX flattening out could be a bearish signal. It is actually falling — which means that if prices and volatility stay at current levels, we will get a sell signal.
The debasement of my account has been a “process” called margin calls, culminating in an “event” called liquidation. LOL
TNA opened up 1.0%. Gap from $55.95 to $56.03 was not filled. TNA was up 5.7% at the high, and closed up 5.7%.
We are now in a Full Moon Trade, which tends to favor TNA.
AmericanBulls had TNA with a BUY-IF signal last Thursday, and TNA gapped up this morning, so this trade bought TNA at the opening price $56.50, and was up 4.7% at the close.
Volume for TNA today was the lowest of the last 19 days.
$RVX (VIX for $RUT) was down 5.0 % today with TNA up 5.7%. No divergence.
TNA has now been up 4 of the last 8 days. Chop generally, but today was a breakout. Good for TNA.
The high for TNA today was $59.16, the highest TNA price since November of 2008.
Ultimate Oscillator for TNA rose from 37 to 47 today. UO has been below 50 five of the last seven days. Indicates weakness for TNA. Bad for TNA.
MACD on the monthly chart crossed over downwards six days ago, but has started moving back up. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s long black candle touched the top Bollinger Band at the open, and closed below the mid line, back in an area of congestion. MACD is rising, but might be topping. Looks like $RVX might be falling. Good for TNA.
Bollinger Bands for $RUT: The large white candle for $RUT closed above the top Bollinger Band. 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 is at the top near the upper Bollinger Band. The upper Bollinger Band is flat. Looks like the topping process has paused. Good for TNA.
TNA had a much higher high, much higher low and much higher close – Good for TNA.
Money flow for the Total Stock Market was $777 million flowing into the market. Bullish – good for TNA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks ok for TNA for tomorrow, but bad generally. (Big move on low volume, general Ultimate Oscillator divergence)
LOL… Of course it would be! Duh! I was thinking of a different chart when I typed that, and didn't go pull up the GS chart.
I forgot that they have been selling off the last couple of weeks. I'm so used too them rising every day (like Bidu and Google has been) that it never occurred too me that you were talking about the support below, versus overhead resistance.
(Screwing my head back on now, and inserting brain… might need some batteries though?)
the dam breaking on GS would be to the downside, i referenced the high 169's because it's where GS 2 most important daily containment pts. are at.
this mornings dance with the high 169's is hit #3
i posted this chart last week
http://www.flickr.com/photos/47091634@N04/44793…
If GS breaks the dam, and heads up more… the market will too. I can't see us falling without GS?
Today's move to 1187.73 spx looks very similar to moves made the last day before a fall, when comparing it to the chart above of previous actions. Each time there was a pop higher, and then a drop.
I'm sure everyone is now expecting us to get to 11k DOW… just wonder if that isn't the plan to lure in the last bull, and squeeze out the last bear?
Since it seems so obvious, maybe it doesn't happen?