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The Year of the V-Bottom

If there is a move to all-time highs in S&P 500 following the rally of the last two days, this will amount to a fifth V-bottom this year. All of these recoveries were created by dovish Fed statements near key … Continue reading

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Russell 2000 Had Its Best Performance in Three Years Yesterday

Last time Russell 2000 rose more than 3.1% was three years ago, on December 20, 2011, with a gain of 4.2%, signaling the end of a multi-month correction in the stock market. ¬†While the situation may be different now, the … Continue reading

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Strong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from the lows of October and it is found -2.15% below yesterday’s closing price. If this attractor is tested, the net loss … Continue reading

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Emerging Markets Drop: Reacting to Lower Oil or a Leading Indicator of Lower Equity Prices?

Correlations do not provide support to the theory that the drop in emerging markets is due to plummeting oil prices. Correlations do not prove causation but can be used to falsify any such claims. In the case of emerging markets … Continue reading

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Wilder’s, Cutler’s and Harris’ Relative Strength Index

Three relative strength indicators are discussed, Wilder’s RSI, Cutler’s RSI and Harris’ RSI. All three indicators are useful under different market conditions. Share

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