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High Probability of a Short-term Correction in Record Breaking NASDAQ

The NASDAQ index has stayed 395 days above its 200-day moving average, the longest period on record this has occurred since its inception in February of 1971. What is interesting here is that after about a week this will no longer be … Continue reading

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Short-Term Correction Targets for Major U.S. Indexes

In case the correction continues, the short-term target for S&P 500 is about 2.6% lower at horizontal support, NASDAQ has formed a double top with a potential target of -5% and the weak technically Russell 2000 may test its May lows, … Continue reading

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Return and Volatility of a Few Proxy ETFs

The IShares US Real Estate ETF (IYR) has the highest YTD return at mid-range volatility while the Global X Social Media Index ETF (SOCL) has a negative return at high volatility. The SPDR S&P 500 (SPY) and the PowerShares QQQ are competing … Continue reading

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Quant Analysis of the Double Inside Day Breakout in S&P 500

After forming a double inside day, prices yesterday closed above the high of the first day of this pattern. This new pattern has a small positive bias when tested on all S&P 500 stocks but occurrences are not very frequent. Share

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Quantitative Analysis of the Double Inside Day in SPY

Quantitative analysis of the double inside day in SPY formed as of the close of Monday, July 21, 2014, shows that this particular pattern has a very small bias that is indistinguishable from 0, and thus it is probably another … Continue reading

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The Market Has Not Seen a Strong Up Day for Longer Than It Has Not Seen a Strong Down Day

It is a fact that the S&P 500 hasn’t had a -2% drop in the last 68 days but it also hasn’t had a 2% rise for 193 days. The market has given bears plenty of room to escape. Share

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S&P 500 Breaks Another Record

The S&P 500 is 388 days in a 25-100 golden cross, the longest period since the 1960s that the 25-DMA has stayed above the 100-DMA.  Maybe this is a precursor for the duration of the 50-200 golden cross that is already in place for 619 … Continue reading

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