Thursday, October 7, 2010

Real Estate ETF & a $VIX Watch




The daily URE (2X RE Bull ETF) chart looks good as of EOD. The weekly DRN (3X RE Bull ETF) has been bullish since 9/13/10. The daily DRN RSQR may form a saucer tomorrow. URE was up 0.34% and DRN was up 0.73% today. An initial position in DRN was established today. Meanwhile, a $VIX Watch is in place. The $VIX has been consolidating (alternating Green-Red-Green-Red MA arrows, predominance of an absolute CCI <100 since mid-September, a flat TSI and a non-trending (falling) RSQR since 9/30). The TSI has been falling since 10/4 and RSQR is 0.0114974. RSQR is being monitored for saucer formation and the CCI is being monitored for a sustained breakdown below 100. Eastern Kingbird...don't mess with this bird's real estate...it has been known to attack low flying airplanes...

No comments:

Post a Comment