This is unusual. It is theoretically stronger than x33 which is a buy. Today's advance cleared the previous two weeks candle bodies. Seems favorable to be long here.
SPY is showing strength moving off the 52 week moving average so far this week. The tables are for 13em. Signal xC3 probably does not occur in nature, xM3 can happen but it is quite unusual. Quarter 1 was much more bearish than quarter 2. The columns starting with sd have the standard deviation associated… Continue reading 6/30/20 x33 Current Signal
It wasn't too bad to buy the x03 on the Friday close. The Close to Open numbers for the second quarter were favorable, but the YTD numbers were not. x30 is quite negative if the market is dropping, so that is a big loser YTD. However it is playing OK in the second quarter. In… Continue reading 6/29/20 Probable x30
Can't say I'm surprised about this test of 300. There is a sense of inevitability about setting a new monthly low. x03 is not bad to buy but it has a negative close to open return in the seven times this has happened in 2020. x00 also has a negative close to open. x00 has… Continue reading 6/26/20 Drama at 300 x03 13em
SPY Weekly QQQ Weekly The weekly candles will look a lot better if today is positive. Seems to me that the main discussion is still about SPY 300. This is the first summer Friday this year and near the end of the 2nd quarter is not traditionally bullish. Theoretically there might be lighter than usual… Continue reading 6/26/2020 Lipstick Day
x00 is a favorable state, but YTD, buying the close tends to be losing money at the open. 60 days means x00 has happened 10 days YTD because there are six equities aggregated. Avoiding the overnight seems like a good idea at the moment.
SPY Daily The support at the 52 week moving average (297) appears brittle. The 295 low on this move will most likely be broken. A simple method of forecasting involves assuming that the next low will be equal in size to the move from 322 to 295. The current move down started from about 315.… Continue reading 6/25/20 xX0 Signals
This is negative, All four of the xEM numbers will go x0F without some late day rally. The big question is whether the low made earlier in the day will will hold. IWM, DIA, and XLI look technically quite weak. IWM is worst as usual. IWM The 13 month is crossing below the 39 month… Continue reading 6/24/2020 x0F
It is important to avoid these sharp declines, so getting out close to the open was mandatory for overnight longs. SPY Weekly Price is at the bottom of the bodies of the candles from two and three weeks ago. Certainly, there is a good chance of it taking out the 52 week average at 297.… Continue reading 6/24/20 Lows in Play
The close seems to be known at 4:15. The close to open aggregate numbers look pretty good.