Weekly TZA

Weekly HA is consolidating. TZA has yet to get out of Stage 1 Consolidation. Still below the cloud with bearish TZA MA alignment & TZA Aroon Oscillator. The weekly TZA MACD Histogram has recently been bullish. It's still a Bull Market for the RUT, although short term the RUT can be bearish.

TZA P&F, HA & Ichi Look Good

TZA a Buy on Daily 3LB & MTI

Consolidation of Shorts

Absolute CCI <100 with declining closely parallel Aroon lines...

Monthly SLV Chart Still Bullish

The TSI & RSQR rolled over this past month, but the AO is still green. The price may dip further below the 138 Day (~30 week) MA to go into Stage 4 (followed by Stage 1 consolidation), before silver prices resume their rise.

TMF

Excellent Book

He uses mechanical screens to identify stocks for day trading. I usually then use the 1 min, 4 min & 13 min charts to initiate a buy and have a low threshold to take profits...

SQQQ

FAZ

UGL, AGQ, JJC, UCO, UUP & TNA Weekly Heikin Ashi Charts

The Dollar went Bullish. Copper, Silver & Oil remained in a bearish trend. The RUT & Gold continued to consolidate, but had bearish leanings.

SHORTS FOR TODAY

LHB ERY EDZ TZA BZQ JPX RXD ZSL SCO CMD FCGS DUST SMN RXD

PAY

PAY(3.37%,FI,ATR)

CBR

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UGL, AGQ, JJC, UCO, UUP & TNA Weekly Heikin Ashi Charts

UGL, AGQ, JJC, UCO, UUP & TNA Equivolume Charts

Gold may be bouncing off the lower EMA envelope. Aroon remains bullish (green line on top).
Silver is above the 138 Day MA (~ 30 week MA): the large green rectangular day may signify the bottom.
Copper is bearish [it broke down through the 138 Day MA (~ 30 week MA)]: the large red square day may signify the bottom...an island reversal may form. The Aroon has been bearish (red line on top).
Oil is also bearish. No equivolume evidence of a bottom (unless it is also forming an island reversal).
The US Dollar remains bearish despite a couple of up days. The Aroon has been bearish (red line on top).
TNA may be bouncing off the lower EMA envelope.