TNA gapped up for the 4th day in a row. Unlike the prior three days, this time the gap was filled. The gap up was 0.5% and TNA closed up 1.1%. Lower High, Higher low.
We are in a Full Moon Trade, which favors TNA. After four days, this trade is up 10.7%.
Volume for TNA has been trending down for 4 days now.
$RVX (VIX for $RUT) closed 2.9% lower with TNA up 1.1%.
TNA has been up 15 of the past 17 days.
The high for TNA today was 27 cents lower than yesterdays $48.98, which was the highest TNA since Oct 21st.
Ultimate Oscillator for TNA peaked at 78 eight trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed closer to the lower band and the lower Bollinger band is **off the chart**. Hard to read, but looks like $RVX is falling again, good for TNA.
Bollinger Bands for $RUT: The candle for $RUT was beside the candle for yesterday, a sideways action after three rising candles. Pulled away from the upper Bollinger Band, indicating that $RUT might be pausing here. Indecisive.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle moved higher, in line with further upside for TNA.
Gapping zones to watch: SPY 112.72-112.85 113.15-113.22 above these 2 zones and it's likely to be a trend day 111.81 -111.90 below this zone and it's likely to be a trend day
Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
For all its flaws, I like it. Gives me another perspective, one not based on news (or fear of news), and one that's not naturally bullish or bearish. Plus, what I get is free 🙂
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.
And the beat goes on!!!!!! Nice Post
TNA gapped up for the 4th day in a row. Unlike the prior three days, this time the gap was filled. The gap up was 0.5% and TNA closed up 1.1%. Lower High, Higher low.
We are in a Full Moon Trade, which favors TNA.
After four days, this trade is up 10.7%.
Volume for TNA has been trending down for 4 days now.
$RVX (VIX for $RUT) closed 2.9% lower with TNA up 1.1%.
TNA has been up 15 of the past 17 days.
The high for TNA today was 27 cents lower than yesterdays $48.98, which was the highest TNA since Oct 21st.
Ultimate Oscillator for TNA peaked at 78 eight trading days ago and has generally fallen since then but has remained above 50 and is currently 71. Indicating continued strength for TNA.
Bollinger Bands for $RVX (VIX for $RUT): today’s candle closed closer to the lower band and the lower Bollinger band is **off the chart**. Hard to read, but looks like $RVX is falling again, good for TNA.
Bollinger Bands for $RUT: The candle for $RUT was beside the candle for yesterday, a sideways action after three rising candles. Pulled away from the upper Bollinger Band, indicating that $RUT might be pausing here. Indecisive.
Bollinger Bands for $RUT:$RVX ($RUT vs VIX for $RUT): today’s candle moved higher, in line with further upside for TNA.
http://www.americanbulls.com had TNA as a BUY on Feb 9th, and hold since then. TNA remains a hold for tomorrow.
Overall, it looks like TNA continues to move above an area of congestion and might continue rising tomorrow.
Carl at days end:
1116-1130 estimate today for /ES
1115.50 – 1123.50 actual today
Trades: Bought 1 unit of /ES 1119.50 (up 2.75 right now)
Holding it over night.
Grade: Incomplete
setup for tomorrow:
Gapping zones to watch:
SPY 112.72-112.85
113.15-113.22
above these 2 zones and it's likely to be a trend day
111.81 -111.90
below this zone and it's likely to be a trend day
remember the $SPX 1127.38 gap hasn't been filled
Monica,
I feel pretty good about buying TZA if conditions are right for the buy signal.
Buying TNA here because the sell signal failed feels awkward and iffy and 32% too late. Might work.
Buying power is still exceeding selling power, as money continues to flow into leading sectors. Money is NOT flowing out. Thus, no basis for bearish position. That may change in a few days, but until then… When in doubt, follows the money.
For all its flaws, I like it. Gives me another perspective, one not based
on news (or fear of news), and one that's not naturally bullish or bearish.
Plus, what I get is free 🙂
They post the performance result based on such method and it sure looks good at first glance. Bail and switch.
So buy TZA if it looks like it will be up and buy TNA if that looks like it will be up?!
They have had the last 2 days to reach that 1127 level, yet they haven't went there? Why is that? Do they know that a lot of seller's are probably sitting at that level, and they don't want the market selling off hard yet?
It's like they are wait for something? Is it the jobs info tomorrow? Or something else? I know they could have taken it to 1127 within the last 2 days, as volume has been really light. I would really like to know what they are planning… as somethings' fishy.