TLT typically trades contrary to SPY, so how does it perform on the Sell Friday setup? One way to find out is to revise our code and specify SPY as Data2. Then we can see more precisely how TLT reacts to SPY dynamics and we...
Read MoreWe’ll see, the market will be cuing off this European vote to expand support.
Read MoreSounds like Frankenstein talking, but here’s a simple SPY system that Sells Thursday’s close and exits Monday at the open. It also Buys Monday’s close and exits Friday at the open. By selling the Thursday close...
Read MoreThe day started oversold but with a slew of bad news from Europe. A late story that China was interested in buying Italian bonds brought in buyers and saved our recent up channel and support zone. Perhaps too many traders were...
Read MoreNice gap fill, but the recovery was not sustainable. Internals are trying to recover, but still net negative at the mid-day with the S&P stuck between S1 and the falling...
Read MoreHalfway through Monday and price continues to cycle between S1 and PP pivots for the majors. The Qs are the momentum leader for the present with EEM pulling up the rear…as with last week. SMH and the Qs have the best 5...
Read MoreWeekly results went from bad to worse with the S&P 500 (SPY) back down -4.2%. While the bottom of the recent upward trend-channel held during Friday’s rout, short-term technicals are not oversold enough to offer...
Read More[click to enlarge][never investment advice] When there is no enemy within, the enemies outside cannot hurt you. ~African Proverb . Background reading on Portfolio Trader (link).Have a good start into the new week....
Read MorePresident Obama’s jobs speech produce a brief bounce right after the speech, but chaos in Europe grabbed the headlines. Rumors that Greece may be defaulting soon and key personnel change in the ECB were the major worries....
Read MoreFed Chief Ben Bernanke’s mid-day speech failed to cover any new ground. It was a rehash of his Jackson Hole speech last month and it disappointed traders looking for hints about further stimulus. The next item on the...
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