Tag Archives: IWM

Price Action Lab Alert for Monday, April 2, 2012

Posted on April 1, 2012 by Michael Harris

This alert is about long and short signals in major ETFs.

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Short-term Correction or Market Top?

Posted on March 7, 2012 by Michael Harris

In my last ETF Trends report I noted that index ETFs were in overbought territory and that a spillover of commodity volatility into the stock market was possible. Since the beginning of this week SPY and QQQ have lost about … Continue reading →

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Short-term Direction Probabilities for Popular ETFs

Posted on March 2, 2012 by Michael Harris

The probabilities for profitable short-term long and short positions based on a typical profit target and stop-loss equal to 2%, are listed for eleven popular ETFs, as of the close of March 1, 2012. These probabilities were calculated using the p-indicator.

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Another Very Rare Pattern in SPY

Posted on February 14, 2012 by Michael Harris

This new very rare pattern comes right after another rare pattern that I described in a previous post. Actually, the two patterns are separated by just one trading day. It is quite possible that the price action that will follow these two rare patterns … Continue reading →

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Market is Overbought

Posted on February 8, 2012 by Michael Harris

Although an overbought market can get even more overbought and in many cases it will until it causes maximum damage to shorts, experience tells us that this cannot last for too long. Here are some statistics that indicate a correction … Continue reading →

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Probability of Short-term Direction for Selected ETFs

Posted on February 2, 2012 by Michael Harris

Probabilities for short-term up and down moves for 11 popular ETFs are calculated by the p-indicator. The results show that GLD has the highest positive bias and USO the lowest negative bias for directional moves with a 3% upside and downside … Continue reading →

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Price Action Indicates the Market Will Soon Choose a Direction

Posted on November 16, 2011 by Michael Harris

Major stock market indices have been moving sideways the last three weeks in anticipation of developments concerning the European debt crisis. The price action during this period indicates that a direction will be chosen soon, even by the end of this … Continue reading →

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