for those with eagle eye's will also notice the $SPX closed .01 above it's jan. 19 high, even more important the 4:00 tick wasn't 1150.24, it was 1150.07, so the invisible hand came in couple minutes after the close pinned it @ 1150.24, now if they want to be cute on the weekly, a close tomorrow of 1144.99 wouldn't surprise me
Now the $SPX currently has 6 consecutive higher closes than opens and in the last 12 months, no consecutive sequence has made it past 6.
Also important is the $VIX weekly setup that I talked about on Monday, a close below 17.95 tomorrow and the probability increases for a melt up next week as the $VIX since the week of 8/13/07 hasn't ever broke it's consecutive close sequence @ 5.
***if*** we close the month above 1115.10 then the setup is in place for a major monthly reversal, the same parameters were in place during 8/2000 & 10/2007
TNA opened down 1.8%. 2nd down opening in 9 days. Gaps of today and yesterday were filled, and TNA was up 1.3% at the high. TNA closed up 0.9%, but did not make a new high today.
We are in a Full Moon Trade, which favors TNA. After nine days, this trade is up 25%.
Volume for TNA was fairly high (2nd highest in 21 trading days, yesterday was the highest in 21 trading days)
$RVX (VIX for $RUT) closed 1.4% lower with TNA up 0.9%. After 3 days with divergence, no divergence today. Good for TNA.
TNA has been up 20 of the past 22 days.
The high for TNA today was $54.40, 16 cents lower than yesterday (which was the highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 thirteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA. After 3 days with divergence, no divergence today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back. The lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The white candle for $RUT rose as did the rising upper Bollinger Band, indicating that $RUT might continue rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose after 3 days of dropping, and sits mid way between the mid line and the upper Bollinger band. Hard to read, but perhaps indicating that TNA will continue to rise.
A lower high and a lower low are signs of possible TNA weakness.
Overall, it looks like TNA might continue rising tomorrow.
***if*** the capital capacity of AAPL's regulator has not changed, then the $229 area is nearing the end of the road for AAPL before it heads to it's de-leverage pt.
for those with eagle eye's will also notice the $SPX closed .01 above it's jan. 19 high, even more important the 4:00 tick wasn't 1150.24, it was 1150.07, so the invisible hand came in couple minutes after the close pinned it @ 1150.24, now if they want to be cute on the weekly, a close tomorrow of 1144.99 wouldn't surprise me
Now the $SPX currently has 6 consecutive higher closes than opens and in the last 12 months, no consecutive sequence has made it past 6.
Also important is the $VIX weekly setup that I talked about on Monday, a close below 17.95 tomorrow and the probability increases for a melt up next week as the $VIX since the week of 8/13/07 hasn't ever broke it's consecutive close sequence @ 5.
***if*** we close the month above 1115.10 then the setup is in place for a major monthly reversal, the same parameters were in place during 8/2000 & 10/2007
TNA opened down 1.8%. 2nd down opening in 9 days. Gaps of today and yesterday were filled, and TNA was up 1.3% at the high. TNA closed up 0.9%, but did not make a new high today.
We are in a Full Moon Trade, which favors TNA.
After nine days, this trade is up 25%.
Volume for TNA was fairly high (2nd highest in 21 trading days, yesterday was the highest in 21 trading days)
$RVX (VIX for $RUT) closed 1.4% lower with TNA up 0.9%. After 3 days with divergence, no divergence today. Good for TNA.
TNA has been up 20 of the past 22 days.
The high for TNA today was $54.40, 16 cents lower than yesterday (which was the highest high since November of 2008)
Ultimate Oscillator for TNA peaked at 78 thirteen trading days ago and has generally fallen since then but has remained above 50 and is currently 69. Indicating continued strength for TNA. After 3 days with divergence, no divergence today. Good for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle touched the Bollinger Mid Line and fell back. The lower Bollinger band is **off the chart** but seems to be falling. Hard to read, but looks like $RVX might no longer be rising, which is good for TNA.
Bollinger Bands for $RUT: The white candle for $RUT rose as did the rising upper Bollinger Band, indicating that $RUT might continue rising. Good for TNA.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle rose after 3 days of dropping, and sits mid way between the mid line and the upper Bollinger band.
Hard to read, but perhaps indicating that TNA will continue to rise.
A lower high and a lower low are signs of possible TNA weakness.
Overall, it looks like TNA might continue rising tomorrow.
May be some relief in sight, if you look at this one
http://carolan.org/wp-content/uploads/2010/02/0…
It's good to know Carl is human afterall!
I see that level being hit pretty quickly if some serious volume comes back into the market.
For the end of the month, if we close above 1115, then that is bullish, or bearish?
yeah going long now is like walking on fire
don't forget this indication last friday from the operators
http://www.flickr.com/photos/47091634@N04/44203…
some possible good news for the bears:
***if*** the capital capacity of AAPL's regulator has not changed, then the $229 area is nearing the end of the road for AAPL before it heads to it's de-leverage pt.
the XLF isn't there yet, creeping closer to $15.82
I got ya… We might not be ready to go short yet, but going long is probably a bad idea at this level.