This is typical IWM behavior. It got to about where it was going in February, and crashed into the 13 week SMA from the side. It could stay like this for a long time. Assuming it does, the idea is to buy when prices cut below the 13 week SMA and sell at some point… Continue reading 7/29/21 IWM/TNA
Tag: TNA
7/29/21 13% in 6 Months
xSig is Octal now. The hex number checked for profit over the entire lookback. That might be worth knowing, but for making decisions today, that seems to double complexity for no great analytical benefit. The median natural log return for the major players was 0.13. Median return was also 0.13 for the Sectors. Same story… Continue reading 7/29/21 13% in 6 Months
6/7/21 IWM – Door Number 3
There was commentary today on SeekingAlpha about AMC being a small cap with a market value of $25 billion. That makes AMC the AAPL (or take your pick) of the small caps. That situation is also the case from GME which has a market cap of over $18 billion. That inspired me to check out… Continue reading 6/7/21 IWM – Door Number 3
6/2/21 Leveraged ETFs – LABU
In all the excitement surrounding finishing my article on Monday, I forgot to include all the 3x Bulls in the one year summary. The technical problem of displaying this stuff cleanly is considerable. DS is CO -OC. A negative means that OC is higher than CO - man bites dog. If you are playing dog… Continue reading 6/2/21 Leveraged ETFs – LABU
4/15/21 The Homestretch – Healthcare and Materials
If a kidnapper of a close family member demands that you invest in either XLU, XLB, or XLV probably the choice is between XLB or XLV. They both look pretty good today, showing breakouts above congestion. Mining is the hot area today. Steel has not been strong lately but still the leading industry. The win… Continue reading 4/15/21 The Homestretch – Healthcare and Materials
4/14/21 The Backstretch Current Signal xCC
A counter trend start to the day after the open, probably something to do with earnings season. After yesterday's afternoon post, I rethought the IWM/TNA situation, decided it was worth a shot and took a position in TNA. I used to always buy 100 shares, but that is wrong especially when commissions are zero. The… Continue reading 4/14/21 The Backstretch Current Signal xCC
4/13/21 Into the Homestretch
Turned out to be the right move to cut IWM loose when it started behaving badly Apr 5 and 6. SPY/QQQ/ and IWM were quite bullish in late March/early April. This formation shows some intermediate tops. This could tip over, in which 234 - 208 = 26, 226 - 26 = 200. That fate is… Continue reading 4/13/21 Into the Homestretch
3/30/21 Afternoon Signals xCF
The negative CO performance of xCF is not a big concern here. Overall the action here looks good, consolidating above support.
3/5/21 Current Signals x00/o0>c2 Specter/FF5 Methodology
Since my plan was to play x00 CO before yesterday OC happened, it made sense to follow through despite the obvious points against it. In chess, there is a saying that even a bad plan is better than no plan. TNA and FAS are tied for the best 63 trade day performance since December. UDOW… Continue reading 3/5/21 Current Signals x00/o0>c2 Specter/FF5 Methodology
2/10/21 Current Signals xCF/x1
Looks like the kwats beat FF5/s in the overnight. Maybe FF5/s can comeback OC. Both of them like LABU and TNA here. Eventually the bubble boys will be right, or at least the market will stop going up constantly. Meanwhile the twits have started looking for money in weed; so difficult to find good investments… Continue reading 2/10/21 Current Signals xCF/x1