Long >29.5 Stop - 29.29 Target - 30 - 31.25
Hammer at pivot with VSB and par sar gaining. 20VWMA crossed 10ema.. Bearish, watching closely. Unusual Jan17 $42.0 Puts at $9.05. Odd.. Called out by @wallstjesus
not sure if that is the phrase.. I just see oversold and resistance, on a daily
Been wrong about a correction since feb 10th, thought that may have been the turning point. But this time is different, since we did NOT break through resistance #3 levels. Lower high and lower lows may be the trend, and may be range bound also, but heading lower in stages. TZA corresponding nicely too.
Russell 2000 showing warning signs and IUX 1150 looks viable which implies TZA near $13. Close and follow through above $13 and continued drop in IUX opens up $14.50 and from there $17.10's holds off $19 's.
Slo Stoch crossed positive volume is up the Russell and the rest of the market is selling off. A Bear ETF makes sense to me.
Sure, we saw a substantial decline the past 2 days already. But I suppose tat there is still some room down left.
Money managers chase yield all day long, forever. See the volume spikes. Not many played TZA before March 2013. But look at the volume change since then, and look at the spike moments. We are in another one now, and I see volumes going higher until we bounce.
Q4 earnings never had so much at stake. If they disappoint, with the bulls looking for a savior worldwide, and with only that to save them, it could be reactionary, systemic, panic to safe haven, cash, low yield bonds. Never here before sydrome. No more rabbits (FED), no more Arrows (Abenomics), and a ECB that simply cannot agree on if the sky is blue, enough to...
UPDATE 9/28.14 TZA worked out well and hit price target. Sold position as I don't like to hold on too long in this market. Still on watch for a breakout of 16.55 Resistance Could be chasing here but don't think so. Path of least resistance is up and see no positive news to turn this around in short term. Use extreme caution as markets are insane. Protect capital....
Wow, all signs show a stall. Normally I am not one to miss an opportunity to predict a turning point, but... this time is different. It is so unclear which way things are headed, I am just sitting in the bleachers watching, waiting, looking for a sign. My only play today is June puts on the TFM earnings report today, as a stock picker one time event. Best of...