Had forced profit taking via 5% trailing stop activation for TNA & DRN. No harm since the Daily TNA chart suggests, at least a temporary loss of the uptrend. The AO, TSI & RSQR have turned down. The TNA CCI closed at 58 which suggests at least a consolidation period. Although the $NASI went red today, a red brick (line) was not laid down on the daily TNA 3LB, Renko or Kagi charts. The daily $VIX chart did flash a Sell TNA signal with a turndown of the RSQR and a rise in the TSI. There is no new uptrend for TZA (or UUP) and the Weekly TNA chart remains bullish. So do the Weekly DRN, AGQ & AAPL charts. The Weekly $VIX chart also continues to signal an intermediate market uptrend. Plan to stay mainly in cash until the uptrend resumption is confirmed on the daily charts.
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