Monthly Archives: November 2012
The high risk territory in S&P 500 index is now between 1,422 and 1,460 points and in SPY between $142 and $146. Anything can happen inside that territory, including a rally to new multi-year highs, a start of another correction or choppy … Continue reading
They can never say they were not warned. They got too excited when the 200-day moving average was violated on November 14 but now are about to panic once again. Either you have faith in this market or you stay away. … Continue reading
Yesterday’s alert (click here) was for a day trade in GLD, enter at the open and exit at the close. The ETF gapped down at the open and recovered during the day and gained $1.12 with respect to the opening price. It … Continue reading
Today’s signal is for a very popular ETF for entry at the open and exit at the close of the trading session, i.e. a day trade.
Parts I and II of the series Chaos in Technical Analysis and Backtesting discussed some of the problems that arise in the context of technical analysis and backtesting when using split and dividend adjusted data. In this post I discuss the … Continue reading