Weekly TZA

The weekly Ichi chart has a DeMark 3 Rising Closes, of which the last 2 bars are successive green Elder bars that are now penetrating the cloud. The MA, Aroon Oscillator and MACD Histogram all bullish for TZA.

Weekly TZA

Daily TZA

The top right chart had a DeMark 3 Rising Closes Buy (green box) on 9/20. TZA broke through the Bullish Flag on 9/21 and signalled a partial MTI Buy on 9/22 (i.e. CCI>100, green AO, white KH, rising TSI, but a RSQRed saucer was not formed).
The left top chart is HA which flashed a TZA buy on 9/22. The CCI rose over 100 and the HA Diff remained positive. See: http://instigator928.blogspot.com/2011/06/ha-diff-tracks-cci.html
The TZA Elder bar is now green and trading above the cloud in conjunction with a positive MACD histogram. The blue MA needs to cross up above the red MA, and the Aroon Oscillator needs to turn positive.
TZA Renko, 3LB, Kagi and P&F are all bullish for TZA.
The equivolume chart shows that TZA broke out of consolidation (i.e. CCI>100) on volume and then pulled back to the EMA3 today. This is a good entry point for TZA utilizing a Stop Market order as per Arm's book. See: http://instigator928.blogspot.com/2011/03/scaling-into-lng-with-stop-market-order.html.
TZA is trading above the 138 day MA (~30 week MA) which is a Weinstein Stage 2 Buy. See: http://instigator928.blogspot.com/search?q=weinstein

Daily TNA Heikin Ashi

The Daily TNA HA chart for the last few months demonstrates two TNA upswings (green rectangles) with CCIs >100 and positive HA Diffs. Only the first upswing had trend confirmation by RSQR > 0.5. The middle white rectangle is the market drop associated with long red TNA HA bars. RSQR again trended up over 0.5. The market downtrend was confirmed as lost when the RSQR dropped under 0.5 (yellow arrow). RSQR is currently 0.17955 and CCI is 46.114 (no confirmed TNA uptrend on the daily chart).

Weekly TZA Heikin Ashi

The top slide is from when TZA began trading. The HA green bars were much bigger when the market was crashing in 2008. CCI went up over 100 only twice (white arrows)...back in 2008 and recently. As the market rallied in March 2009 the RSQR began trending up (i.e rose above 0.5: yellow arrow). The lower slide focuses on 2011. The white rectangle depicts TZA's recent run-up. The HA candles were long and green. CCI went up over 100 and the HA Diff (blue line) went positive. The run-up was not enough to get the RSQR to confirm a trend (i.e it stayed under 0.5). The subsequent hammers with alternating colors suggests consolidation.

Weekly TZA

See: http://americanbulls.com/weekly/StockPage.asp?CompanyTicker=TZA&MarketTicker=NYSE&Typ=S

Weekly TZA

TZA Renko & 3LB remain positive. TZA may be ready to penetrate the Ichimoku Cloud. The TZA Elder is blue, and the MACD Histogram & Aroon Oscillator remain positive. This week's bar looks like Stopping Volume (long bar closing near high on increased volume). TZA backtested the 30 week MA on the Equivolume chart above the SARS. Force Index remains positive and the Wilder's ADX is trending.

Daily TZA

TZA continues to trade above the 138 Day (~30 week) MA on equivolume chart. Chaikin Money flow is still positive and the Wilder's ADX is still trending. Let's see if Renko, Kagi & 3LB revert to bullish for TZA. Breakaway Gap Green Elder above Ichimoku Cloud with positive Aroon Oscillator and rising MACD histogram. Blue MA needs to turn up.