Recent ETFProphet's Commentaries
Ground Hog Day
The dip-buyers stepped in for a third straight day and closed us in the green. Apple really picked up the slack today. Its amazing to watch a stock with a huge market cap shoot straight up. Is this some form of shorts capitulating? The market continues to hold up well. Same patterns of small...
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Tags: uncategorized
02.09.12 – Large/Small Cap Disparity
I can't quite explain the Large/Small cap disparity here in my usual US Dollar terms... Perhaps there is a spread trade there. Also note that Up and Down volume remain evenly matched in spite of the S&P 500 advance.
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Tags: uncategorized | large-small | us
Slow Grind Higher
Once again, the market recovered off a morning low. As soon as we dropped below Tuesday's low, the buyers jumped in buying Apple and other big-cap momentum names. Breadth was solid by the finish. With two days before option expiration week, will we finally get some weakness as the after hour e...
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Tags: uncategorized
02.08.12 – Volatility Enters the AM Session
The VIX is elevated relative to the open, but appears to be stabilizing at the mid-day.
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Tags: etfs | am | vix | volatility
Relentless Bulls
Buying the early dips continue to work and we ended up closing near the highs. An extended market can become even more extended. After all the going no where in the past 10 years, is it finally the bull's turn?
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Tags: etfs
02.07.12 – Internals Running Sideways
With the Small-caps finding support at their VWAP, perhaps the SPY can break out above its R1. Meanwhile, internals are running sideways and volume is suggestive of an overall range day.
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Tags: etfs | spy | vwap
Mosaic Blue – Week 6
This is a new direction for the Mosaic Project that takes market neutral engineering and skews the portfolio components and position sizing to create an upward sloping equity curve. This positive bias gives the model an increased edge to outperform the SPY and further limits downside risk. Mosai...
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Tags: mosaic | strategies | systems | etfs | calls | lazy-man | mosaic-blue | otm | spy
Teflon Market
Once again, the dip-buyers show their resilience. Just about everyone recognizes that this market could use a rest, but buying the morning lows continue to work. There isn't much choice but to play along. 1350 to 1370 on the S&P500 are the next targets.
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Tags: etfs
02.06.12 – Gap Fill Underway
Price is moving towards filling the opening gap lower, but really internals aren't suggesting much. This sideways action is definitely needed to 'burn-off' last week's overbought readings.
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Tags: uncategorized | gap-fill
Weekly 360° View ~ 06 / 2012
The performance report has been re-done in order to provide you with better readability and higher consistency among the various setups. Furthermore the trade statistics will have one additional piece of information: Sharpe ratio of trades. Usually Sharpe Ratio is calculated based on an equity c...
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Tags: etfs | 360view
ETF Rewind – Bond Smackdown | Week 5 | 02.03.12
The bond complex took it on the chin as equities screamed higher into broad short-term overbought territory. Inspired by the Jobs report, the S&P 500 (SPY) finished a full +2.1% higher, while Twenty-Year U.S. Treasuries (TLT) were conversely taken down by roughly -1.0%. The small-cap focused Russ...
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Tags: etfs | calendars-economic-reporting | etf | iwm | spy | tlt
Jobs Boost
After 8 straight nonfarm payroll down days, it was probably a crowded short this morning on a very good number. The bears were over anticipating some sort of correction and helped with today's breakout to the upside. There are barely any dips at all and performance anxiety are probably setting i...
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Tags: economy | jobs
02.03.12 – Gap and Run
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Tags: etfs
A Good Trend or a Bull Wedge?
Here's another macro look at our market, using the VIX. It tends to follow the same patterns as other markets so the falling wedge I've outlined below may indicate a bullish direction for this index. Using a mid-point measurement and projecting it to near our current location, especially after to...
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Tags: falling-wedge | vix
Bull Bear Review
The market's been on a good tear these past few weeks, and I find it instructive and insightful to see where we've been. So, below you'll find the Weekly Bull-Bear chart. It appears the first of the year was our cross into a Bull phase. Although, some market watchers are expecting a dip from this...
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Tags: commentary | indicators | weekly-bull-bear
