Monthly Archives: March 2011

Does 1313 Mean Bad Luck for SPX? – Maybe not This Time

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

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The State of ETFs – March 27, 2011 – The Week Ahead

As of the close of Friday, March 25, 2011, there are 5 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present in any of the ETFs considered in this analysis:  … Continue reading

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QQQ Closing Price Change was +0.25% Today, Friday, March 25, 2011, not +2.02%

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

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An Outside Day Pattern with an Upside Breakout in QQQ

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: Share

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Chaos in Technical Analysis and Backtesting – Part I: Close vs. Adjusted Close

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

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The State of ETFs – March 21, 2011, The Week Ahead

As of the close of Friday, March 18, 2011, there are only 4 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present and there are no short-term high probability … Continue reading

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Mass Psychology and Fibonacci Retracement Levels on March 15, 2011

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

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The State of ETFs – March 14, 2011 – The Week Ahead

As of the close of Friday, March 11, 2011, there are 8 changes in the ETF trend state table in relation to previous Friday’s close. There are no overbought or oversold conditions present and there are no short-term high probability setups … Continue reading

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