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As of today TNA buy signal would be generated by closing above 92.98.It would be initial buy signal secondary would be above 94.25 than a swing buy might come still price need to be determined.
It opened near buy stop but immediately drifted lower, Closing below 97.44 initiate a sell signal. As of this writing we are way below it.
It tested lower area but still closed on buy signal.
TNA closed on buy /hold signal. Stop could be placed at 99.14 as it might tested again. 102.99 area is First target for July.
Closed above buy signal stop are remain same.
And they did. Stock closed on buy signal but I do think 99$ could be in the card to breath and give opportunities to enter again.
$ 99 will not nullify buy signal. Closing below 97.40 will start a sell signal.
Well my $100 Calls seem like going to be called away.
Close on buy signal .
Close by thin margin on buy but after hours is weak may it test its support again tomorrow. Triple witch could bring so nasty volatility tomorrow. I am long and wrote some ITM covered calls. If drops I will buy them back and will write next week.
Yesterday close was still on buy so it was not posted, Seems its wanted to tag 95 and above before retreating.
Good luck and Happy Trading.
One day wonder and we came down again. Still on sell signal but monthly option expiration could bring some volatility.
I think by Friday 95 area would be in play.After Fed announcement there is no reason market should fear this transitory inflation.
Fed has to keep interest rate under 3.5% for next 3 to 4 years.
Stay tuned.
Closing above 88.23 will confirm buy signal for short and intermediate trend.
Good Luck and Happy trading.
This was fourth attempt to penetrate 75 mark and all failed, all ended in higher low.
If you know how to read chart than you know what it means. so we need bigger news to penetrate it. It could be all out middle east war, just thinking loud.
Other wise we could test previous new high.We were cols on intermediate buy signal long term change is not happen yet.
Still on sell.
It was one day wonder, we continue on sell. Stops saved us a lot.
We close on buy, so stay with stops.
Welcome to the board.
Warning: There is a problem/inconsistency with the Multi-Time-Frame Upper Studies used in this share, which has Extended Hours Trading turned on. These are the Bull/Bear Bubbles displayed at the top of the chart. They were originally used with a 10 Minute Heikin Ashi Chart (Extended Hours turned off) posted on usethinkscript.com.
The Lower studies are quite good, and as one would expect, chart differently whether Extended Hours is turned on/off.
AS always, do your own DD before relying on any market info.
FAROOQ, if you think it's best,
Delete the TOS share post.
wrong way
We did remarkable recovery today, We are on short term buy signal. Swing will be closing as a buy and matter of fact it could be bought tomorrow with stop at 90.35.
Beautiful work but I just keep simple, 5/8 EMA crossover with RSI and EMA 22 as trend.
Thank you I will check it on Weekend.
We close on Sell as your chart is also showing.
FAROOQ, here's a share of my TOS Studies "Collection",
I hope that you find at least one study that is useful to you,
If not, don't use it, you are not gonna hurt my feelings, my friend.
When the bubbles say "BUY", they merely mean "Hey, Look At Me", GET READY !!!
I don't honestly see how a guy could fail to make money with some of these,
BUT,
I am living proof that a guy with a small account, can fail to make money with them.
Capitan Wrong Way Peach Fuzz
30 Min "IWM" Chart Share http://tos.mx/fkr5DEu
It did tested sell now close above 92.60 will generate a buy signal.
I have reduced the short through 94 Put selling.
Do your own D/D.
It closed on a sell.it might retest sell signal again.
They will remain short blow 93.94. They will go long above 94.10
Bojack Thanks, when I put some time in my work I feel if no one is reading than may be I am wasting my time in this effort.
I am glad few are reading.
Today they will be shorting it below 95.31 and will stay long above 95.53. It seems we are in accumulation phase till 5th of the month.
HaHa, I check out your latest posts "Every Day"!!!
Part of my morning ritual/routine, kinda like checking the weather forcast, check out FAROOQ !!
Thanks Again, My Friend
I check all your posts from your profile, "Latest Posts"
bobjack/wrong way peach fuzz
Let's see if we get at least 2 more.
Thanks for your interest.
Next 3 months we could see, 130 area.
Due to lack of interest I might not give daily update and only update on signal change of Direction.
Little typo below 97.12 is short term sell and closing above 93.59 would be a remain long term buy.
We will open on a false sell signal which probably will be bought after few hours.93.12 is a short term sell but above 93.59 remain along term buy.
They could close it above 100 to create a short squeeze.
Do where you are comfortable, after all it is your money.
Good luck and happy trading.
We never hit the stop, tomorrow we cross 100. Market underneath strength is way more than most would expect. Sell in May and go away might be little late. Still on buy signal.
96.05 Would be trader's stop. 92.41 Would be professional long if sever drop happen. Signal still long. Use D/D. We have moved about 16 $ so some profit taking is possible tomorrow.
TNA remain on buy for stop at 91.65 on Closing basis for swing traders.
Day trader should be vigilant below 95.68 on candle closing basis.
Happy trading.
Disclaimer: I sold my most position I do have some with covered calls written and some naked long options.
You are welcome.
Farooq, Thank You for being so LOYAL in posting your Updates,
I Really Appreciate It!!!
bobjack
We did exactly that and tag weekly higher and than they sold it off.
We are on weak sell now, it probably will retest today's high or make new weekly high before going down meaningful way.I sold my future positions, only long stocks against some covered calls.
So we might retreat a bit before attacking weekly high.
Closed above 85.38 will generate a buy signal today.
We had bad shake down today, we closed under weak sell signal. I am 50% long.
Yesterday we did close above 91.76 today was a morning shake down but could tag the line of meaning. Next week 98.15 is in the cards we might tag 100.50 but probably will close at 98.15 area.
I might not be updating regularly in upcoming week due different events.
Please use stops.
Good luck and happy trading.
If bullish trend to continue we need to close above 91.76 in TNA.
I think we are retesting support level.
Use tight stops.
We close under our line of meaning. We are long above 91.25 and short below it, or at least neutral.
Well after one day it close on buy signal again, it is yet to be seen is it one day wonder or a week run.
Use tight stop from entry point, cost of re entry is nothing now.
Good luck and happy trading.
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