Tag Archives: SPY

There Is No Head And Shoulders Pattern in SPY

There are many posts in the blogosphere and social media in the last few days about a head and shoulders top formation in SPY. There is no such pattern formation.

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The Market Is More Efficient During The Day

It could be that the market is more efficient during the day since 100% of the gains in SPY ETF are due to overnight changes. In fact, since inception, SPY has lost about 38 points during regular trading hours as … Continue reading

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Year-To- Date SPY Absolute Price Series Momentum Performance

Absolute price series momentum woes in the equity markets continue this year. Only one of the four models considered shows positive performance in SPY.

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Year-To-Date Performance Of Three Mean-reversion Strategies

Year-to-date performance trading the SPY ETF:  Popular RSI(2) system -2.9%, WR2 system +8.19% and PSI system -0.5%. More details with charts are included below.

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Quarterly Bullish Chart

Quarterly SPY line chart when adjusted for dividends shows a dynamic bull market.

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Money Has Nowhere To Go Except to Equities

Investors may allocate 5% or 10% to gold, currencies or to other alternative products but the bulk of fresh money has nowhere to go in an environment of zero to negative interest rates. This explains the rally in low volatility … Continue reading

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