Deconstructing the SMH:SLV Pair
Prophet reader “Rob†commented that he was impressed with the SMH:SLV pair so this seemed like a good time to discuss why it’s important to look closer at such...
Read MoreAuthor: Jeff Pietsch
Buy May Dip and Sell in June?
The NASDAQ managed its seventh straight positive close while other indices worked on sixth in a row. Breadth improved during the day and we closed near the highs. News is hitting that Research in Motion lowered guidance...
Read More04.28.11 – Marginal New High
Internals are flattish, but impressive considering opening news flow. Related posts:12.30.10 – Cooling Our Jets The Power of Volume With High Momentum Stocks 06.17.10 – Swing High Posted? VIX at new high SLV at New...
Read MoreDrawdown Oscillator (DRO)
One of the complimentary concepts to the recent indicators and also fractals is the drawdown oscillator. This oscillator shares some similarity to the ulcer index, but has some unique departures. The drawdown oscillator is...
Read MoreSMH Quick Step Exit
A few days ago I posted the SMH Quick Step setup and yesterday’s close was the programmed timed exit for the latest trade . . which produced a nice 8.4% gain over 6 days. The fixed bar exit turned out to be...
Read MoreHi-Ho Silver
The FOMC cut its GDP projection, admitted to slight increases in inflationary pressures and stated that QE2 is coming to an end in June, but the bulls took control and broke out to a new high. We closed strong and had a...
Read More04.27.11 – Fed Day Waiting Pattern
Should be interesting with slightly overbought conditions going into the end of month (recently negative). Not to mention the mix-up in format today…. As always, be prepared for a volatility spike. ...
Read MoreUUP Dollar ETF Poised to Move
The Market Rewind Pairs Analysis is still one of the most robust and reliable parts of my trader’s toolbox. Here’s a look at the UUP/FXE pair (currently no open position) but a quick look at Section C shows UUP...
Read MoreLow Cost Investing In the UK
Compared to the US, low cost investing in the UK is a bit of a misnomer, but we still have to make the most of a bad situation. A recent article in the FT (Behind the paywall sorry) highlighted this problem sharing...
Read MoreBreak Out Watch
In V shape bounces, the dilemma had always being whether to chase an overbought breakout. The indices racked up good gains on decent 2 to 1 positive breath. Technology earnings from AMZN, ALTR, BRCM, and APKT are a...
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