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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