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Tag Archives: IWM
“Don’t let them fool ya…”
Recently I made a couple of references to the difference between the RSI(14) based on exponential moving averages and that based on simple moving averages. Simply put, if you pay attention to this indicator because you think either that the fallacy of the … Continue reading
Massacre on Wall Street with the Usual Victims
Once more naive chartists fell victims of their own arrogance. Although surrounded by robots, they thought this time around their flagship pattern of head and shoulders would compensate for a long streak of failures during this and last year. “No way” the … Continue reading
Another Major Failure of Chart Pattern Analysis
Another major chart pattern, this time in Russell 2000 Index, has just failed. Chartists are dumbfounded by the failures of even the best of chart patterns recently. Some have come to understand what is happening but some others still resist not realizing … Continue reading
Price Action Lab Alert for Monday, April 2, 2012
This alert is about long and short signals in major ETFs.
Posted in Price Action Lab Alerts, Price Action Lab Patterns
Tagged DBC, EEM, FXE, GLD, IWM, Price Action Lab Alerts, QQQ, SLV, SPY, TLT, USO, XLF
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Short-term Correction or Market Top?
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
Posted in ETF Analysis, Price Action Lab Patterns
Tagged DBC, EEM, FXE, GLD, IWM, p-indicator, QQQ, SLV, SPY, TLT, USO, XLF
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Short-term Direction Probabilities for Popular ETFs
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.
Posted in ETF Analysis, Market Statistics
Tagged DBC, EEM, FXE, GLD, IWM, p-indicator, QQQ, SLV, SPY, TLT, USO, XLF
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Another Very Rare Pattern in SPY
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
Posted in ETF Analysis, Price Action Lab Patterns
Tagged island reversal, IWM, Price Action Lab, QQQ, SPY
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Market is Overbought
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
Probability of Short-term Direction for Selected ETFs
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
Price Action Indicates the Market Will Soon Choose a Direction
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

