Trading Gap Fades on SPY
I’ve been taking a look at gaps recently, specifically putting some numbers on David Varadi’s Normalised Gap/ Lap Indicator. First, it’s good to set some benchmarks with regard to the performance of gap fades...
Read MoreAuthor: Jeff Pietsch
SMH with a Bullet
We’re an hour into the day and after some early volatility gyrations the trend is up in the air, but due for a fade. The $.23 1/3 daily ATR stop fired on our TLT SHORT position yesterday leaving us with a...
Read MoreAwesome New Seasonality Tool
The Mrkt_Seasonality spreadsheet is a new ETF Prophet feature released this morning in beta under the ‘Tools’ menu. It actually provided a hint of today’s...
Read MoreGlimmer of Sunshine
We had a bounce in the final few minutes of trading, but it was a rough day for the bulls. We had weakness across the boards as renewed oil- and commodity-selling spilled over to stocks due to the stronger U.S. dollar. We are...
Read More05.11.11 – SPY Fails S1 / Attempts S2 Stabilization
Related posts:12.09.09 – Hard Go at Stabilization 05.09.11 – Two Attempts to Break 5-DMA Bespoke fails me….
Read MoreLazy Man Favors SMH
The red tide washed in this morning leaving few ETFs in the green. SMH was the exception, continuing to show resilience and driven largely by the vagaries in INTC. The VIX, which is always a study in...
Read MoreBull Charge
We have heard many negatives like wild input costs, terrible declines in home prices, looming defaults in Greece , and gridlock on the deficit in Washington . What if something good actually occurred Like Microsoft buying...
Read More05.10.11 – Positive Internals Hold the Gap
Related posts:12.16.09 – Positive Fed Day Internals 05.26.10 – Positive Internals 03.17.11 – Positive Internals 07.26.10 – Positive Internals Getting Stretched 11.05.09 – Positive Internals,...
Read MoreTLT Nears Excursion Limit
Well, it’s almost there according to Project Z readings. TLT has had a nice run up lately and the Double 3s setup is actually calling a new Long signal. But you know me..I’ve always got one foot out the...
Read MoreBuy the Dip?
The indices finished solidly higher, breadth was close to 2-to-1 positive. The U.S. dollar failing to hold green today has also helped equities and commodities. The rally in oil and silver shows that some of the selling...
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