i have carrying 6k shares, 4k at 21.17 and 2k at a painful 25.15(and angry with self i did not dump on run to near 1400--was plain stupid) for c/b 22.5.( do not trade VNX as a daytrader--i stress this so one will understand i have no interest if VNX were to rise Monday))
I am ready to add more BUT the TA of NDX has a lot of room for a major blow-off rally. i have no distinctive major oversold signal on NDX, if earnings don't disappoint it can blow to 1635 with ease and VNX will be selling at about 19( and i perhaps buy then for a correction and dump worse position on a correction .)
The fact that the Bear/Bull Rydex Funds CFL ratio is now at 00.89 (just above the 00.88 that it was before rally started) absolutely NO capitulation by Bears playing Rydex bear/bull funds thus far.
I do not use RYVNX non- moneyflow charts for buy/sell as they as TA RYVNX charts are OVER-RULED by NDX charts.
CTL for Venture Fund was +36.4million and CFL for Velocity fund was -36.9 million, this was a major shift.
Here is CFL for past 6 trading days.
Velocity 100 RYVYX -36.9 +14.2 -4.8 +10.0 +46.0 +0.6
Venture 100 RYVNX +36.4 -0.6 -5.3 -15.5
-12.2 -11.7
Simply go backwards to see how the last 6 trading days went, for instance the +46.00 million om VYX was on Monday, 7/11.
As already have 4k shares at 21.17 there is no reason for me to do anything (that 4k position is 8 months old by the way , i say that so one can understand my time frame:)
My target, if all goes right is to carry a 10k to 15k share in VNX at c/b BELOW 20--the lower the better.
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