round and round we go, you'll notice the operators stopped the $SPX 2 pts. shy of the 1127.38 gap
now this morning I alluded to the $SPX index gap @ the opening which is now very important because coming into today the $SPX had 5 consecutive higher closes than opens. The operators closed the $SPX index below it's open fulfilling it's consecutive close sequence.
Looking ahead to tomorrow: we've had 4 consecutive gap downs on Thursdays so that charade is getting exhausted and with the payrolls friday a flat opening seems most likely.
News doesn't matter. Everyone is banking on that news. 41 day cycle top Monday. We top Tuesday or Wednesday. I'm hanging on. We may have a down day tomorrow but then we'll have an up day Monday. Choppy till we top.
The last signal given was a buy signal around Jan. 22nd-ish. You would have had to ride it (TNA) all the way down, but … you'd be up 15-20%. Fewer trades, but higher percentage “win” and certainly better than american bulls over that timespan (although it would have looked dire at first).
round and round we go, you'll notice the operators stopped the $SPX 2 pts. shy of the 1127.38 gap
now this morning I alluded to the $SPX index gap @ the opening which is now very important because coming into today the $SPX had 5 consecutive higher closes than opens. The operators closed the $SPX index below it's open fulfilling it's consecutive close sequence.
Looking ahead to tomorrow: we've had 4 consecutive gap downs on Thursdays so that charade is getting exhausted and with the payrolls friday a flat opening seems most likely.
News doesn't matter. Everyone is banking on that news. 41 day cycle top Monday. We top Tuesday or Wednesday. I'm hanging on. We may have a down day tomorrow but then we'll have an up day Monday. Choppy till we top.
Carl at days end:
1116 – 1130 today's range estimate.
1115.50 – 1125 actual range for today
Carl’s trades
In 1119 out 1116 (loss of 3 in one day)
In 1098.50 last Friday out at 1119 today (gain of 20.5 over 4 day period)
Grade: A
Carl sold other unit at 1119.00 – now flat
May as well. TZA victories are hard to come by lately 🙂
Wild guess: there is some concern about all the economic news coming out tomorrow.
Another wild guess: it's a legitimate concern 🙂
Should I consider that a victory for owners of TZA. LOL!!
Carl sold one unit at 1116.00
In at 1119, out at 1116 (loss of 3)
For the record, I'm not trading the misprint since I'm long with ATM SLV calls (though also short with OTM SLV puts).
However, seeing the market follow that misprint would tickle me to the verge of peeing my pants.
The last signal given was a buy signal around Jan. 22nd-ish. You would have had to ride it (TNA) all the way down, but … you'd be up 15-20%. Fewer trades, but higher percentage “win” and certainly better than american bulls over that timespan (although it would have looked dire at first).
Dreadwin,
Thanks!
Hope I can remember that. Several days away at best.