Monthly Archives: August 2011
As of the close of Tuesday, August 30, 2011, p-indicator results for SPY and QQQ show a positive upward bias for 3%, 4% and 5% price envelopes.
The market had a good run yesterday with the Dow Jones Index closing up 2.3% and with S&P 500 and Nasdaq rallying 2.8% and 2.9%, respectively. These major stock market indices are close to retracing 50% of the downward move that started near … Continue reading
Optimality usually refers to a solution to a problem derived with respect to some objective function. A solution that is optimal with respect to a given objective function can be non-optimal with respect to another objective function. In trading, for example, there is the well-known %Kelly method for calculating position … Continue reading
As of the close of Tuesday, August 23, 2011, p-indicator results for SPY and QQQ point to more volatility and indicate a bias in favor of another drop in the short term. Specifically, a negative bias was calculated across the board … Continue reading
As I noted last week GLD has gone parabolic since the beginning of this month. I leave it for others, more qualified than me, to investigate whether this move is justified or not. As far as I am concerned it is not but … Continue reading
Is a dollar devaluation policy with the objective of making the price of oil rise to $200 a sensible way of dealing with the trade deficit and the loss of manufacturing jobs to China? John Lekas argues that this is the strategy the FED is actively pursuing … Continue reading