A 6-Sigma Event in the Market that is Totally Meaningless

There is a lot of talk in the blogosphere about the fact that the S&P 500 has not had a two-day winning streak in the last 28 days, something that has not happened since 1994. However, note that rarity of an event does not assign to it a special meaning.

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The Price Action Lab Report – Monday, March 30, 2015 [Premium]

This is a daily report, delivered before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

Major U.S. indexes were little changed on Friday with the market slowly discounting gradual interest rate increases and focusing on earnings reports.

High Probability ETF Setups

List of changes:

  • The short in XRT hit the breakeven stop…

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Let Us Toss a Biased Coin

The quantitative analysis in this blog shows that when a market has an upward structural bias, such as the S&P 500, for example, then random trading based on a biased coin guarantees positive performance over the longer-term. A large percentage of random traders can realize returns above buy and hold by chance alone.

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The Price Action Lab Report – Friday, March 27, 2015 [Premium]

This is a daily report, delivered before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

Major U.S. indexes fell on Thursday in a volatile session due to worries about lower earnings and about the impact of a stronger US dollar on the economy.

High Probability ETF Setups

List of changes:

  • The short in SMH hit the profit target…

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Another Failed Golden Cross Signal

This time the failed 50-200 golden cross was in TAN.  As soon as the golden cross occurred, the solar ETF plunged.

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The Price Action Lab Report – Thursday, March 26, 2015 [Premium]

This is a daily report, delivered before the market open. It includes quantitative analysis and high probability setups in popular ETFs. Click here for details.

Major U.S. indexes plummeted on Wednesday on worries about lower earnings due to the stronger US dollar and a weakening economy.

High Probability ETF Setups…

List of changes:

  • Short signal in SPY with target hit intraday

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