TNA has a weekly HOLD signal. The candlestick this week is a White Spinning Top.
AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 55.95.
TZA has a weekly WAIT signal. The candlestick this week is a Black Spinning Top.
AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $6.98.
Summary of $RUT based ETFs & a few popular ETFs (Market positive): Hold: QQQQ(up 12%), IWM(1x, up 8.1%), UWM(2x, up 17.1%) Hold: TNA(3x, up 26.5%), IYR(1x, up 14.3%), SPY(up 8.2%) Wait: RWM(-1x), TWM(-2x), TZA(-3x)
Market Transition: Low Reliability BUY-IF: DRV(-3x), Not Very High Reliability BUY-IF: SRS(-2x) Not Very High Reliability SELL-IF: DIA(up 5.4%)
Market Negative: New Confirmed Sell: DRN(3x, up 35.1%), URE(2x, up 32.8%) Hold: DTO(-2x oil, down 7.28%)
Yes Dreadwin… I did mean the UUP, not the USO. (Too much stuff on my mind I guess?). Thanks for correcting me. Hopefully, Domino figured out what I meant too.
Pretty sure you mean UUP above, not USO. Looks like the Euro is back to 1.3487 after today's tiny amount of market action. I think that the USD gets a strong bounce, maybe even sets new rally highs. There are a lot of treasury auctions during the coming week, and the Fed/Treasury need to chase money in that direction.
Domino… the dollar (via the USO) can fall down just a hair more… to 23.60 before major support is hit. At that point, it must bounce back up, or fall through an upper sloping trendline from December. I think it will hold, and the market will sell off next week.
However, should the trendline fail, then the market could rally much higher. On the chart above, I'd say the lower target is around 80.40-80.50 area. Any lower and the trendline would be considered busted.
A second day close below the trendline, and the dollar will fall hard… meaning the market will rise. I don't see it happening this time… but it's still possible.
So, what does this mean for the dollar? I have gotten crushed in my currency trade account since I was long the dollar. I've lost a crap load this week. Is the dollar going to contine to rally against the EUR? Some say its (EUR) going to 1.20
Well that's good news then… So the de-leverage points were met on the xlf, and many others too. Couple that with the 11:30 am Monday Fed meeting, and we have our reason to sell.
Just raise the discount rate a 1/4 percent and the banks will start the selling. Funny how well timed all this is…
Well, as pathetic as it sounds, that news makes my weekend so thank you. I was looking at Ameritrade and Yahoo but I figure your data is more accurate.
Oh,sorry.
I has put “translation link” on my blog.
You can read my blog in English.
(Japanese β English)
…my blog:
forex chart analysis and a cat
Ahhh… you must one of Cobra's followers, as your blog is in Chinese. I'd be interested to read your blog, but I need to read it in English.
Do you have a translation link available somewhere? Thanks for stopping by.
Good blog.
Your article serves as a reference.
γδΊγι εΌ΅γγΎγγγγ
I has put your link on my blog:
forex chart analysis and a cat
…(I'd be pleased if you exchange reciprocal link with me.)
The Weekly view from Americanbulls
TNA has a weekly HOLD signal. The candlestick this week is a White Spinning Top.
AmericanBulls has this trade starting at $44.23 on March 3rd, and this week closed at 55.95.
TZA has a weekly WAIT signal. The candlestick this week is a Black Spinning Top.
AmericanBulls last placed a SELL on TZA at $9.83 on February 19th and this week closed at $6.98.
Summary of $RUT based ETFs & a few popular ETFs (Market positive):
Hold: QQQQ(up 12%), IWM(1x, up 8.1%), UWM(2x, up 17.1%)
Hold: TNA(3x, up 26.5%), IYR(1x, up 14.3%), SPY(up 8.2%)
Wait: RWM(-1x), TWM(-2x), TZA(-3x)
Market Transition:
Low Reliability BUY-IF: DRV(-3x),
Not Very High Reliability BUY-IF: SRS(-2x)
Not Very High Reliability SELL-IF: DIA(up 5.4%)
Market Negative:
New Confirmed Sell: DRN(3x, up 35.1%), URE(2x, up 32.8%)
Hold: DTO(-2x oil, down 7.28%)
Action for Monday: None
Yes Dreadwin… I did mean the UUP, not the USO. (Too much stuff on my mind I guess?). Thanks for correcting me. Hopefully, Domino figured out what I meant too.
Pretty sure you mean UUP above, not USO. Looks like the Euro is back to 1.3487 after today's tiny amount of market action. I think that the USD gets a strong bounce, maybe even sets new rally highs. There are a lot of treasury auctions during the coming week, and the Fed/Treasury need to chase money in that direction.
Domino… the dollar (via the USO) can fall down just a hair more… to 23.60 before major support is hit. At that point, it must bounce back up, or fall through an upper sloping trendline from December. I think it will hold, and the market will sell off next week.
However, should the trendline fail, then the market could rally much higher. On the chart above, I'd say the lower target is around 80.40-80.50 area. Any lower and the trendline would be considered busted.
A second day close below the trendline, and the dollar will fall hard… meaning the market will rise. I don't see it happening this time… but it's still possible.
So, what does this mean for the dollar? I have gotten crushed in my currency trade account since I was long the dollar. I've lost a crap load this week. Is the dollar going to contine to rally against the EUR? Some say its (EUR) going to 1.20
Well that's good news then… So the de-leverage points were met on the xlf, and many others too. Couple that with the 11:30 am Monday Fed meeting, and we have our reason to sell.
Just raise the discount rate a 1/4 percent and the banks will start the selling. Funny how well timed all this is…
Well, as pathetic as it sounds, that news makes my weekend so thank you. I was looking at Ameritrade and Yahoo but I figure your data is more accurate.