Monthly Archives: March 2011
The S&P 500 index closed at 1,313.8 last Friday, up 2.7% for the week. The 1,313 level is quite significant for the index because back in August 16, 2008 it acted as strong resistance when prices failed to penetrate it to the upside on an intraday … Continue reading
A friend called me right after the market close today and asked me why QQQ moved up +2.02% although QLD was up just +0.25%. To make a long story short, this is because some data vendors (ex. Yahoo! Finance) have … Continue reading
Yesterday (Thursday, March 24, 2011) an upside breakout of an outside day pattern in QQQ occurred. QQQ is the new (actually the old) ticker symbol of QQQQ. This can be seen on the chart below:
This is the first in a series of posts about the impact of data adjustments on technical analysis studies and backtesting, as well as, of the pitfalls of trading system development due to incompatibilities and/or conflicts between data series and analysis techniques. Use … Continue reading
The market behavior on Tuesday, March 15, 2011, was driven by mass psychology, which in turn was driven by fear and greed caused by the Japan earthquake aftermath. The big winner of this market behavior was Leonardo of Pisa, a.k.a. Fibonacci. The … Continue reading
Bill Gross Sold His Holdings of US Treasuries – What Does Technical Analysis Tell Us About His Move?
Bill Gross, the founder of PIMCO, sold his Treasury bond holdings late last month as reported by Bloomberg. The manager of the world’s largest bond fund said that he thinks yields are low and he may buy Treasuries again when yields … Continue reading