TZA opened down 0.8%. Gap today was not filled. TZA was down 0.8% at it’s high (the open). TZA closed down 2.0%.
We are in a New Moon Trade, which favors TZA, starting at the close today. After two days, this trade is down 4.3%. AmericanBulls will surely issue a sell signal in 90 minutes, so I am selling now. TZA can be sold now in the after hours session at $7.06, so that is the selling price. This trade will buy TZA again once AmericanBulls issues a BUY signal.
Volume for TZA was the highest of the last 25 days.
$RVX (VIX for $RUT) closed down 1.0% with TZA down 2.3%. No divergence.
TZA has now been down 9 of the last 11 days.
The low for TZA today was $6.93. This is the lowest TZA price ever.
Ultimate Oscillator for TZA bottomed at 20 eighteen trading days ago and has generally risen since then but has remained below 50 and is currently 32. Indicating continued weakness for TZA. Today’s value was lower than yesterday which was the highest of it’s previous 4 days, so the mild Ultimate Oscillator up trend ended today. Not good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle finally fell below the congestion area toward the bottom Bollinger Band. Lowest close of the last 7 days. The lower Bollinger band quit rising. MACD has crossed from below. Looks like $RVX is dropping. Bad for TZA.
Bollinger Bands for $RUT: The white candle for $RUT moved up today, along with the upper Bollinger Band, indicating that $RUT might rise tomorrow. $RUT hit a new high today. Bad for TZA. (everything same as yesterday)
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose above the congestion area. The upper Bollinger band rose after being flat for days. Perhaps indicating that TZA will fall.
TZA had a lower high, lower low and lower close (2nd day in a row) – all bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
1147-1161 1st estimate today for /ES (14 points, June contract) 1157-1170 2nd estimate today (13 points) 1157.50 -1165.50 actual today (8 points) Missed it so bad he revised it.
Trades: In /ES at 1161.50, out at 1161.50 for breakeven
While the results may vary, I think this is a high probability setup. It should be possible to get 15-30% using DRV if you can time the top of the doji. It's gotta be close. Really close.
TZA opened down 0.8%. Gap today was not filled. TZA was down 0.8% at it’s high (the open). TZA closed down 2.0%.
We are in a New Moon Trade, which favors TZA, starting at the close today.
After two days, this trade is down 4.3%. AmericanBulls will surely issue a sell signal in 90 minutes, so I am selling now. TZA can be sold now in the after hours session at $7.06, so that is the selling price. This trade will buy TZA again once AmericanBulls issues a BUY signal.
Volume for TZA was the highest of the last 25 days.
$RVX (VIX for $RUT) closed down 1.0% with TZA down 2.3%. No divergence.
TZA has now been down 9 of the last 11 days.
The low for TZA today was $6.93. This is the lowest TZA price ever.
Ultimate Oscillator for TZA bottomed at 20 eighteen trading days ago and has generally risen since then but has remained below 50 and is currently 32. Indicating continued weakness for TZA. Today’s value was lower than yesterday which was the highest of it’s previous 4 days, so the mild Ultimate Oscillator up trend ended today. Not good for TZA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle finally fell below the congestion area toward the bottom Bollinger Band. Lowest close of the last 7 days. The lower Bollinger band quit rising. MACD has crossed from below. Looks like $RVX is dropping. Bad for TZA.
Bollinger Bands for $RUT: The white candle for $RUT moved up today, along with the upper Bollinger Band, indicating that $RUT might rise tomorrow. $RUT hit a new high today. Bad for TZA. (everything same as yesterday)
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose above the
congestion area. The upper Bollinger band rose after being flat for days. Perhaps indicating that TZA will fall.
TZA had a lower high, lower low and lower close (2nd day in a row) – all bad for TZA.
I will post the AmericanBulls candlestick interpretation a bit later.
Overall, it looks like TZA might fall tomorrow.
Index %
$SPX 75.44%
$NDX 90.99%
$DJI 66.43%
$RUT 100.51%
Carl at day’s end:
1147-1161 1st estimate today for /ES (14 points, June contract)
1157-1170 2nd estimate today (13 points)
1157.50 -1165.50 actual today (8 points)
Missed it so bad he revised it.
Trades:
In /ES at 1161.50, out at 1161.50 for breakeven
Grade C (didn’t lose any money)
important sequence from the 3.24.2000 $SPX high
9 years 11 months 21 days
thank you operators for the $SPX closing number
1166.21 = 11 – 9 (9) – 21
$SPX 1 – 2 – 3 dance
http://www.flickr.com/photos/47091634@N04/44408…
all dogs get trained the same way, Fido is almost full trained once again and he only knows one command
Actually, looks like the short term turned up at EOD. Not sure though.
great chart Dread. I admire your patience.
http://www.screencast.com/users/dreadwin/folder…
While the results may vary, I think this is a high probability setup. It should be possible to get 15-30% using DRV if you can time the top of the doji. It's gotta be close. Really close.
That's a good position.
TZA looks awful.
TNA must therefore look wonderful. But a gap and go at this point in the rally has me thinking exhaustion gap.
Or just a powerful unending rally.