TZA improved on bad consumer confidence numbers and closed up 3.3% today.
We are in a New Moon Trade (favors TZA). [ After six days, this trade is DOWN 7.5% ]
Volume today for TZA was the highest of the last 7 days.
$RVX (VIX for $RUT) closed 6.5% higher.
TZA was up today after being down nine days in a row.
Ultimate Oscillator jumped from 21 to 30 on the rise in TZA off the bottom.
Bollinger Bands for $RVX (VIX for $RUT): the lower BB was touched last Friday, but did not touch yesterday, and bounced away today, seemingly indicating that $RVX will be rising (good for TZA).
Bollinger Bands for $RUT: the upper band rose, moving farther away from $RUT which fell away sharply, indicating that TNA will continue to fall (good for TZA).
Overall, it looks like TZA will rise again tomorrow.
From you entry point it is building a base slowly up. My Sars points have it as a buy for the moment. You should have a stop above what you paid for it so you want get hurt.
TZA improved on bad consumer confidence numbers and closed up 3.3% today.
We are in a New Moon Trade (favors TZA).
[ After six days, this trade is DOWN 7.5% ]
Volume today for TZA was the highest of the last 7 days.
$RVX (VIX for $RUT) closed 6.5% higher.
TZA was up today after being down nine days in a row.
Ultimate Oscillator jumped from 21 to 30 on the rise in TZA off the bottom.
Bollinger Bands for $RVX (VIX for $RUT): the lower BB was touched last Friday, but did not touch yesterday, and bounced away today, seemingly indicating that $RVX will be rising (good for TZA).
Bollinger Bands for $RUT: the upper band rose, moving farther away from $RUT which fell away sharply, indicating that TNA will continue to fall (good for TZA).
Overall, it looks like TZA will rise again tomorrow.
Carl at days end:
Estimated /ES range: 1100-1112 (12 point range)
Actual /ES range: 1090.25-1112.75 (22.5 point range)
Missed the low of the day and the range by nearly 10 points
Carl's trading:
Bought /ES at 1003.50, sold at 1096.75 (-6.75)
Bought /ES 1t 1095, sold at 1095 (+0)
Grade D
Note: News came out and messed up everything, but it's all part of trading so Carl gets dinged.
Beats getting slaughtered, but it's somewhere below great 🙂
I worked for free, but I've had worse days 🙂
$RVX is ramping up (favors TZA).
I figured it might be a challenge trying to make something of an ugly day.
Break even is great!
Remember you did not get hurt and your brokerage house will be able to pay more bonuses now.
Out of TNA (stopped out at break even)
*scream*
Good reminder.
TNA rose to S3 and fell back. Don't usually see an S3, didn't think anything would happen there.
From you entry point it is building a base slowly up. My Sars points have it as a buy for the moment. You should have a stop above what you paid for it so you want get hurt.
My worthless bullish wedge seems to have morphed into a miniature bullish inverted H&S.
It's a bit of a stretch.