Tag Archives: SPY

From Certain V-bottoms to Uncertain Double Bottoms

Most remember the certain V-bottoms in the S&P 500 during 2014. These are now replaced by uncertain double bottoms. There is an area of serious resistance in SPY and more whipsaw should be expected unless fundamentals change. Share

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Gloom and Doom Amid a Normal Correction

Based on an analysis of S&P 500 2-month returns, the current correction is still a normal event. Although corrections can signal the start of a bear market, such a scenario can be supported now only by wishful thinking. Share

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Performance and Descriptive Statistics of Selected Stock Indexes and ETFs

Below are charts showing year-to-date performance and descriptive statistics (correlation, annualized standard deviation) for selected stock indexes and ETFs. Share

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Short-Term Mean Reversion in Action

Since November 3 there has not been a two-day winning streak in S&P 500.  Despite that, prices reverted back near their highs after a short-term correction. This is mean reversion in action and it is part of the new market … Continue reading

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Backtesting Conundrum

About a week ago I ran into a backtesting conundrum while analyzing a simple relative strength ETF rotation strategy.  A call to quants to compare results received only one answer but the cooperation led to a solution and to a … Continue reading

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SPY Random Trading Update

If you belong to the tiny group of non-random traders, then you may find this article interesting. If not, then this article is probably a must read. Share

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Gold ETF Outperforms S&P 500 Index ETF by a Wide Margin

Although gold does not pay dividends, GLD has outperformed SPY by a wide margin since inception despite the fact that GLD has been on a downtrend while SPY has been on a sharp uptrend during the last two years.  SPY and GLD … Continue reading

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