Unexciting technology earnings report last night had technology in the red when news out of Europe about the sovereign debt issues caught the bears by surprise. And like yesterday, we had a further pop when the New York Times...
Read MoreProgress in Europe and rumors of a debt deal in the US have a strong bid under internals. Nevertheless, assuming something “gets done”, the upward resolution to uncertainty is clear in spite of mixed economic...
Read MoreDespite exceptionally strong earnings from Apple Tuesday, the market was unable to build on that momentum today, but held in well after yesterday’s big move. A bounce in financials helped contain the damage....
Read MoreWe had 80% odds of a gap fill this morning, however, odds of that holding through the close fall considerably (using the Gap Studies from ETF Rewind* and DV_indis Research*). While price is in a mild downtrend (at least in the...
Read MoreOne hour into today and here’s the Lazy Man’s Risk Model view of the markets. The VOLUME BUZZ is all about TLT and XLF this morning, with opposite momentum. TLT, which was on steroids yesterday, surging...
Read MoreInvestors continue to embrace strong earnings from IBM and Coca-Cola, as we recover from oversold conditions. When President Obama made comments that there has been some progress on the debt ceiling, it triggered another...
Read MoreKnowing if your system is performing as expected is one of the most crucial question for a systematic trader. This question is mostly raised in times when you “feel” that your returns aren’t in line with what...
Read MoreFibonacci resistance is roughly at SPY $132.10. Internals are highly positive, although price has found difficulty moving up and over this level. Transports (IYT) and Financials (XLF) are cooling off a bit at the mid-day.
Read MoreContinuing our study of TBT, today’s post looks at how the XLF/TBT pair performs using the Z-Rank algorithm in lieu of the pure Z-Score. The Z- Rank tends to have a slightly shorter excursion than the Z-Score...
Read MoreAfter an ugly morning, buyers managed a bounce before the close. Breadth was 4-to-1 negative and the small-caps were particularly weak. A big move in Apple helped the NASDAQ, but it reports earning tomorrow and will...
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