Monthly Archives: February 2011

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

Posted on February 26, 2011 by Michael Harris

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:    

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

Posted on February 23, 2011 by Michael Harris

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

Posted on February 22, 2011 by Michael Harris

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

Posted on February 20, 2011 by Michael Harris

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:

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Is the Dow 30 Overbought?

Posted on February 19, 2011 by Michael Harris

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

Posted on February 17, 2011 by Michael Harris

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?

Posted on February 15, 2011 by Michael Harris

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

Posted on February 12, 2011 by Michael Harris

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:  

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Price Action Lab Blog Offer

Posted on February 12, 2011 by Michael Harris

For a limited time only with every purchase of a professional license of Price Action Lab customers will receive the three books by Michael Harris  free of all charges (no s&h charges) anywhere in the world. For details follow the … Continue reading →

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Who Needs the Trading Day? Part Two

Posted on February 11, 2011 by Michael Harris

I already demonstrated the flaws in the Bespoke study about buying SPY at the close and selling it on the next open. Basically, that study did not account for commissions and this effect alone completely changed the picture in favor of … Continue reading →

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