Monthly Archives: February 2011

The State of ETFs – February 26, 2011 – The Week Ahead

As of the close of Friday, February 25, 2011, there are 6 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present:     Share

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SPY and QQQQ Probability for an Up Day – Wednesday, February 23, 2011

After a sizeable drop like yesterday’s, it is natural for traders to wonder if the negative momentum will continue  next day or there will be an up day. Based on historical data for SPY (since 01/1997) and QQQQ (since 01/2000), the probability … Continue reading

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Price Pattern Trading – Part I

In part I of this article we will study the basic structure of price patterns and in Part II we will discuss advanced techniques of using price patterns to develop trading systems.                            Figure 1 shows an example of the a price … Continue reading

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The State of ETFs – February 21, 2011

As of the close of Friday, February 18, 2011, there are 4 changes in the ETF trend state table in relation to previous Friday’s close: Share

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Is the Dow 30 Overbought?

The 14-day Relative Strength Index of the Down Jones Industrial average shows a reading of 78.93 as of the close of yesterday, Friday, February 18, 2011. Since the beggining of  year 2000, there were seven more times when the 14-day RSI reached or exceeded … Continue reading

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Models, S&P 500 Returns and Related Folklore

According to Investopedia, the Sports Illustrated Swimsuit Issue Indicator was first coined by the Bespoke Investment Group. This indicator suggested, when it first appeared, that when the cover model is an American the S&P 500 has a higher probability to generate a yearly … Continue reading

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Where is the Market Heading?

Since the low of March 2009, The Dow Jones Industrial Average has gained roughly 89% as calculated based on yesterday’s close. In the same period, the S&P 500 index rose about 100%. This spectacular rise in stock prices has occurred during … Continue reading

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The State of ETFs – February 12, 2011 – The Week Ahead

As of the close of Friday, February 11, 2011, there are 3 changes in the ETF trend state table. There are no overbought/oversold conditions present:   Share

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