07.13.11 – Risk on, Sort of…
The VIX is down nearly 7% post Bernanke’s “QE3 maybe” testimony. However, while internals remain strong on an absolute basis, accumulative tick has rolled over at the mid-day, and price couldn’t quite...
Read MoreThe VIX is down nearly 7% post Bernanke’s “QE3 maybe” testimony. However, while internals remain strong on an absolute basis, accumulative tick has rolled over at the mid-day, and price couldn’t quite...
Read MoreWith this post I want to share some research I’ve done in the area of rotational trading (RT). In RT systems stocks or ETFs are ranked according to one or more properties. You ride the best stocks as long as...
Read MoreNow we are down 3 straight, but recovered most of the 20+pt drop last night in the futures. We were range bound after opening soft when a QE3 discussion in the Fed minutes triggered some knee jerk buying. The buying quickly...
Read MoreI’ve never been able to get much out of volume analysis, but then again I’ve not really given it too much serious attention. Logically, if the size of up days and down days has some...
Read MorePrice made a remarkable recovery versus pre-session levels, but the SPY is facing strong resistance at its daily Pivot and internals have been struggling the last hour leading to a mid-day VWAP test. Semis...
Read MoreInternals are highly negative at the mid-day so I’m looking for possible further downside even though the fifty day moving average, S2, and prior 50% fib zone seem to be holding the SPY for now around...
Read MoreHere’s a look at the $NYAD (NYSE advance/decline line) over the past 12 days on hourly bars. 90 minutes in today and the NYAD is flatlined at .12, as bearish as it gets. The VIX has jumped over 18%, goosed by...
Read MoreIn spite of a disappointing Friday Jobs report, equities were able to put in a holiday shortened Follow-Through-Week for +1.8% gain on the SPY (S&P500) during Week 27, for a +4.4% gain over a four week period. With ten-month...
Read MoreEverything has become so extended lately that a pullback is actually a relief. Consolidation is needed in order to provide a solid foundation from which we can trend higher, but the jobs miss that caused this pullback really...
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