Tag Archives: p-indicator

A Trading System for Eliminating Overnight Risk Exposure

I have started testing a system for trading S&P 500 stocks that completely eliminates overnight exposure by entering all trades at the open and exiting everything at the close. Signals are based on p-indicator scans followed by discretionary filtering.  Share

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High Probability of a Short-term Top in the Market According to p-Indicator

As of yesterday’s close, p-indicator results for SPY and QQQ show a negative bias for targets in the 1% -3% range. The significance of the results is moderate to high. Share

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ETF Directional Probabilities for Friday, December 13, 2013

The directional probabilities of 12 popular ETFs according to p-indicator are shown. TLT has a large positive bias while USO and SLV have a large negative bias. Share

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High Probability of a Short-term Market Correction

A potential double top in SPY and an overbought QQQ increase the probability of a short-term correction towards a 38.2% Fibonacci retracement of the rally from the October lows. This scenario translates to a short-term decline of about 3% in … Continue reading

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Warning Signs Persist

New warning signs from advanced price action analysis based on past market behavior point to high probability for a continuation of the correction in stock prices from the top of last month. This may translate to a drop of  about … Continue reading

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Directional Day Trade Probabilities of Dow-30 Stocks

The directional probabilities of Dow-30 stocks are calculated using the p-indicator for entry at the open of today and exit at the close.  There are two long signals as of the close of yesterday that show long directional probability above the … Continue reading

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