market timing
Market, SPDRs (SPY) Now Taking on Water
The S&P 500 SPDR ETF (NYSE:SPY), though not yet even close to falling out of its recent bullish trading range, may have just done something far more alarming. The support line that extends back to July (and arguably to March’s bottom) failed to act as a floor today. The ETF is under it for the [...]
Weekly Market Outlook – December 19th, 2009
Despite Friday’s late gains, it still wasn’t enough to push expiration week back into the black for the market. The S&P 500 closed 4.0 points lower (-0.36%) than the prior Friday’s close. It was the fifth straight week of the bull/bear stalemate, and as we’ve mentioned before, the longer the bulls [...]
Market Update: The Damage Has Been Done
Stocks are back in the black today after a very tough start to the week, but is the rally too little, too late? We believe it is, though we don’t necessarily feel it’s the end of the world for investors.
We’ll detail the idea below, but we first want to let you know where the [...]
Short Term Trading System Still Not Bullish
We’ve always used a short-term trading system to time our long-term (bullish) positions. After all, there’s no reason to get into a long-term trade at a short-term high, and no reason to make an exit at a short-term low. However, with a new data source we’ve updated the systems’ parameters to include more historical data. [...]
Late Day Dip Dooms the Day, But Still Not a Problem
The bulls wish the day had ended about 3:45 PM EST. If it had, the market would have taken only small (negligible) losses. Instead, a late-day selloff in the last 15 minutes led stocks to fairly dramatic lower closes.
Still, it’s a relative victory. All the indices (and index ETFs) managed to once again close above [...]
NYSE Breadth and Depth Bullish, But Inconsistent
For those of you how are fans of breadth and depth - and perhaps the somewhat obscure 90/10 rule - you may be interested in the last five days worth of advancer/volume data for the NYSE. We’ve still not seen a true 90/10 day since late spring (which clearly wasn’t a buy signal then). However, [...]
