[I am posting this feedback on all blogs I follow].
I say all blogs go on a bullish-farce posts for 1 whole week, with bullish titles, I mean absolute bullish titles, and bull pictures, and have the first para going ga-ga over-bullish, and have the rest of the blog and charts depicting real stuff. But, keep the bullish titles and pictures on main post, such that all RSS (blog list titles) look bullish. Just have FUN with the bulls…. ala Jon Stewart.
Go bulls! Da bulls! Buy the Dips! Market Oversold! Bl**mb*rg says Market sold off today (by 0.00001 %) ! CN*C says buy now! Don't miss the bull train of your life! Buy Buy Buy!
I am going to post this on all blogs I follow. Really! Lets make this a bull week.
TZA opened down 1.2%. Gap from $7.17 to $7.16 was not filled. TZA was down 0.1% at the high, and closed down 1.5%.
We are in a New Moon Trade, which favors TZA. After nine days, this trade is down 3.8%, and owns TZA over night.
Volume for TZA was roughly average.
$RVX (VIX for $RUT) was down 3.7% today with TZA down 1.5%. No divergence.
TZA had been up 3 days in a row, but down today. Not good for TZA.
The low for TZA two days ago was $6.70, the lowest TZA price ever. The low today was $6.99, 4.3% above that low. Good for TZA.
Ultimate Oscillator for TZA bottomed at 20 twenty four trading days ago and has generally risen since then but has remained below 50 for twenty two days and finally broke above 50 yesterday and today. Indicating the end of weakness for TZA. Good for TZA.
MACD on the monthly chart crossed over upwards three days ago and is moving up. This last happened 2 months ago. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle closed below the Top Bollinger Band. MACD has crossed from below and is rising. Looks like $RVX will be falling. The last time $RVX closed above the Top Bollinger Band (like what happened two days ago), $RUT fell for 10 days. Good for TZA.
Bollinger Bands for $RUT: The doji candle for $RUT is in the congestion area. The top Bollinger band is falling, and $RUT seems to be in a mature topping formation. MACD has crossed down. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle rose to just below the congestion area. The upper Bollinger Band is falling. Looks like a confirming that the topping process is continuing. Good for TZA.
TZA had a lower high, higher low and lower close – neutral for TZA.
Money flow for the Total Stock Market was $351 million flowing out of the market on a slightly up day. Generally good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
The astrologer Mahendra (link on my blogroll) forecasted Dow 38,000 sometime last year. Of course he meant that he seen it in the next few years, but it's certainly possible if inflation starts.
Creating Jobs is the key to creating demand again. That will in turn create inflation, which could propel the Dow upward to unheard of levels. The amount of money in circulation now is the highest ever in the 234 year history of America.
So, a spark of inflation… and it's off to the races will go! What jobs will be created to cause such demand again is the real question? Every job now is being outsourced overseas, so that doesn't leave much left locally.
I think the only way for new jobs to be created is an entirely new industry to be created, that requires local people. Not that the “Green Energy” industry is new, but a massive move into that market would create those jobs.
Obama talks of “Green Energy”… but so far everything that comes out of his mouth is a lie. Maybe the next president will change something for the better?
There is a big big big big bond bubble and money has nowhere to go other than stocks…
Knowing fundamentals bonds are more overbought than stocks.
If this is true then we should expect something like Dow 25000.
Reasons: Japanese bond bubble made a bubble worth 10 Trillion US$, which is called Yen carry trade. Now you are about to watch a mad rush of $/Euro/Rm carry trade which is called mother of all carry trades.
So what economic forces hold from Dow 25000 in face of this super carry trade ?
Thanks for stopping by TraderJohn… and welcome to the matrix. We need all the original thinkers we can get, so post more often and join in the discussion when you can.
You will find everyone here friendly and intelligent. By the way, your post was very informative. It's nice to see others waking up and see the truth.
Hey everyone, I come here and to other blogs as a way to get some kind of therapy , it calms me to read intelligent posts from real traders and not idiotic investors and fund managers.
I'm a bear at heart and believe the the entire worlds financial system will collapse in 10 to 15 years.
I been trading from home full time for 5 years. I was 50% to 200% short at the beginning of Jan 08 and covered just before the elections. I was holding, C,LEN,HIG,M to name a few.
The run up in 09 took me by surprise. I didn't make as much as 08 but I did learn some things I'll never forget.
1- it's in everyone's best interest to have markets rise. Fund managers will lie P/E's of 30 to 80 are normal,the government will spin economic reports -omit food and energy from inflation , are you kidding me? unemployment reports ,add census workers, add cash for clunkers to the GDP ect ect.. you get my point.
2- the PPT does exist
3- when the dollar gets weaker it's bullish for the market , when it gets stronger it doesn't matter.
4- when multi year support is broken it's a bear trap.
5- bad reports are great because it's not as bad.
6- new traders and investors will end up broke in the future “buy the dip ” it's easy man!
7 – SPX support and resistance does not matter, I follow the NAS and RUT , from now on.
8- what caused the pull back? never mind support and resistance in this BS bull market…. yep, took me a year of 09's BS to get that into my head. for example, in Jan this year when we were crashing ( I shorted lightly BTW ) I wrote down the 3 things that caused the pull back, Greece, Obama's bank reform, and Bernanke's reappointment . I put the post it note on my monitor and it was January 29th when I covered because all 3 of these were taken care of or starting to get ignored, on Feb 4th, I went long 25% in, the 5th when JPM bought up the whole market that Friday I went 50% and 100% all in when we hit 1010 on the SPX or 2250 on the NAS.
I'm all in cash now, hoping for a pull back, and run into earnings, if AA, and INTC report and act like that did last quarter, “go down” I will be shorting very heavy on that day.
also, for this Fridays employment report, I heard a guy on the floor today suggest if it's a good number the markets will go down because interest will soon rise because everything is better!! and if they don't get 250k and it's like 100 k or less a double dip could be in the works!!!!
I'll put that on my “Too Do List” for tomorrows' post. Pictures of naked bulls! I'm bullish by the way… on the VIX!
By the way, I wasn't kidding on the super computer scanning the net for market sentiment… it's real.
[I am posting this feedback on all blogs I follow].
I say all blogs go on a bullish-farce posts for 1 whole week, with bullish titles, I mean absolute bullish titles, and bull pictures, and have the first para going ga-ga over-bullish, and have the rest of the blog and charts depicting real stuff. But, keep the bullish titles and pictures on main post, such that all RSS (blog list titles) look bullish. Just have FUN with the bulls…. ala Jon Stewart.
Go bulls! Da bulls! Buy the Dips! Market Oversold! Bl**mb*rg says Market sold off today (by 0.00001 %) ! CN*C says buy now! Don't miss the bull train of your life! Buy Buy Buy!
I am going to post this on all blogs I follow. Really! Lets make this a bull week.
Crush.
TZA opened down 1.2%. Gap from $7.17 to $7.16 was not filled. TZA was down 0.1% at the high, and closed down 1.5%.
We are in a New Moon Trade, which favors TZA.
After nine days, this trade is down 3.8%, and owns TZA over night.
Volume for TZA was roughly average.
$RVX (VIX for $RUT) was down 3.7% today with TZA down 1.5%. No divergence.
TZA had been up 3 days in a row, but down today. Not good for TZA.
The low for TZA two days ago was $6.70, the lowest TZA price ever. The low today was $6.99, 4.3% above that low. Good for TZA.
Ultimate Oscillator for TZA bottomed at 20 twenty four trading days ago and has generally risen since then but has remained below 50 for twenty two days and finally broke above 50 yesterday and today. Indicating the end of weakness for TZA. Good for TZA.
MACD on the monthly chart crossed over upwards three days ago and is moving up. This last happened 2 months ago. Good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s black candle closed below the Top Bollinger Band. MACD has crossed from below and is rising. Looks like $RVX will be falling. The last time $RVX closed above the Top Bollinger Band (like what happened two days ago), $RUT fell for 10 days. Good for TZA.
Bollinger Bands for $RUT: The doji candle for $RUT is in the congestion area. The top Bollinger band is falling, and $RUT seems to be in a mature topping formation. MACD has crossed down. Good for TZA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s doji candle rose to just below the congestion area. The upper Bollinger Band is falling. Looks like a confirming that the topping process is continuing. Good for TZA.
TZA had a lower high, higher low and lower close – neutral for TZA.
Money flow for the Total Stock Market was $351 million flowing out of the market on a slightly up day. Generally good for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks good for TZA for tomorrow.
Interesting…
The astrologer Mahendra (link on my blogroll) forecasted Dow 38,000 sometime last year. Of course he meant that he seen it in the next few years, but it's certainly possible if inflation starts.
Creating Jobs is the key to creating demand again. That will in turn create inflation, which could propel the Dow upward to unheard of levels. The amount of money in circulation now is the highest ever in the 234 year history of America.
So, a spark of inflation… and it's off to the races will go! What jobs will be created to cause such demand again is the real question? Every job now is being outsourced overseas, so that doesn't leave much left locally.
I think the only way for new jobs to be created is an entirely new industry to be created, that requires local people. Not that the “Green Energy” industry is new, but a massive move into that market would create those jobs.
Obama talks of “Green Energy”… but so far everything that comes out of his mouth is a lie. Maybe the next president will change something for the better?
Sounds like buy the dip would be a better option. Enjoyed reading all the post here tonight.
Just a question ?
There is a big big big big bond bubble and money has nowhere to go other than stocks…
Knowing fundamentals bonds are more overbought than stocks.
If this is true then we should expect something like Dow 25000.
Reasons: Japanese bond bubble made a bubble worth 10 Trillion US$, which is called Yen carry trade.
Now you are about to watch a mad rush of $/Euro/Rm carry trade which is called mother of all carry trades.
So what economic forces hold from Dow 25000 in face of this super carry trade ?
Hi TraderJohn. Nice post I went all cash Friday. Crazy market.
Thanks for stopping by TraderJohn… and welcome to the matrix. We need all the original thinkers we can get, so post more often and join in the discussion when you can.
You will find everyone here friendly and intelligent. By the way, your post was very informative. It's nice to see others waking up and see the truth.
Red
TraderJohn,
Could you add a comma or a period or something to #6 above. Not sure what you intended to mean.
Hey everyone, I come here and to other blogs as a way to get some kind of therapy , it calms me to read intelligent posts from
real traders and not idiotic investors and fund managers.
I'm a bear at heart and believe the the entire worlds financial system will collapse in 10 to 15 years.
I been trading from home full time for 5 years. I was 50% to 200% short at the beginning of Jan 08 and covered just before the elections. I was holding, C,LEN,HIG,M to name a few.
The run up in 09 took me by surprise. I didn't make as much as 08 but I did learn some things I'll never forget.
1- it's in everyone's best interest to have markets rise. Fund managers will lie P/E's of 30 to 80 are normal,the government will spin economic reports -omit food and energy from inflation , are you kidding me? unemployment reports ,add census workers, add cash for clunkers to the GDP ect ect.. you get my point.
2- the PPT does exist
3- when the dollar gets weaker it's bullish for the market , when it gets stronger it doesn't matter.
4- when multi year support is broken it's a bear trap.
5- bad reports are great because it's not as bad.
6- new traders and investors will end up broke in the future “buy the dip ” it's easy man!
7 – SPX support and resistance does not matter, I follow the NAS and RUT , from now on.
8- what caused the pull back? never mind support and resistance in this BS bull market…. yep, took me a year of 09's BS to get that into my head. for example, in Jan this year when we were crashing ( I shorted lightly BTW ) I wrote down the 3 things that caused the pull back, Greece, Obama's bank reform, and Bernanke's reappointment . I put the post it note on my monitor and it was January 29th when I covered because all 3 of these were taken care of or starting to get ignored, on Feb 4th, I went long 25% in, the 5th when JPM bought up the whole market that Friday I went 50% and 100% all in when we hit 1010 on the SPX or 2250 on the NAS.
I'm all in cash now, hoping for a pull back, and run into earnings, if AA, and INTC report and act like that did last quarter, “go down” I will be shorting very heavy on that day.
also, for this Fridays employment report, I heard a guy on the floor today suggest if it's a good number the markets will go down because interest will soon rise because everything is better!! and if they don't get 250k and it's like 100 k or less a double dip could be in the works!!!!
good luck