Tag Archives: p-indicator

ETF Directional Probabilities Point to a Market Correction

Posted on May 14, 2013 by Price Action Lab

The directional probabilities of 12 popular ETFs were calculated using the p-indicator function of Price Action Lab. Four major ETFs, SPY, QQQ, DIA and IWM, show high significance for short positions with 2% target .

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Backtesting the p-Indicator

Posted on November 24, 2012 by Michael Harris

The objective of this article is to present backtesting results that demonstrate the potential of the p-indicator in providing a short-term trading edge. The motivation for the article was an email I received recently by a trader who asked about … Continue reading →

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ETF Directional Probabilities Favor the Long Side for GLD

Posted on November 18, 2012 by Price Action Lab

The directional probabilities for 12 popular ETFs were calculated using the p-indicator function of Price Action Lab. For one ETF the directional probability was exceptionally high and in favor of a long position with 2% target .

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ETF Directional Probabilities for Monday, November 12, 2012

Posted on November 11, 2012 by Price Action Lab

The directional probabilities for 12 popular ETFs are calculated by the p-indicator function of Price Action Lab. Two ETFs show readings above an empirical threshold that indicates high probability for a short-term directional move of about 2%.

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Signals Indicating a Higher Probability for a Stock Market Rebound

Posted on June 25, 2012 by Michael Harris

Signals generated by the p-indicator for SPY and QQQ show a higher probability than usual for a market rebound. 

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Short-Term Market Correction May Resume

Posted on May 2, 2012 by Michael Harris

The first sign for that was the price action during the day, yesterday. The market opened higher and prices continued to rise until about noon time when they reversed course and started moving on a downtrend. There are corroborating signs like … Continue reading →

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Price Action Lab Alert for Tuesday, April 17, 2012

Posted on April 17, 2012 by Michael Harris

This alert is about signals in QQQ and how a new indicator can be devised based on their number and direction.

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Price Action Lab Alert for Friday, April 13, 2012

Posted on April 13, 2012 by Michael Harris

This alert is about a short signal in a Dow-30 stock and p-indicator calculations for QQQ that reveal short to medium term weakness in the technology sector. 

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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 Dow-30 Stocks, March 5, 2012

Posted on March 5, 2012 by Michael Harris

Probabilities of short-term  directional moves with profit target and stop-loss equal to 3% were calculated using the p-indicator for all stocks in the Dow-30 index.

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