x03/x0 has been a great combination to go long since the election. What happens is that x30 can either resolve into x03, x33 or xHL. x03 can resolve into x00, x30, or xHL. x00 has not happened for over 63 days. x0 is consistently profitable. I don't understand the GME/XRT thing except that it is… Continue reading 1/29/21 Afternoon Signals x03/x0
Month: January 2021
1/29/21 Current Signals x30/x3
The relatively mild late afternoon weakness was quite bearish, even though CO and OC were both positive. That resulted in x3 for the daily signal. That signal has happened only one time in the past 190 trade days. The Octal logic goes from x0 to x7 but x3 and x4 are quite rare. The previous… Continue reading 1/29/21 Current Signals x30/x3
1/28/21 Afternoon Signals xHL/x7
I've been looking at broad based ETFs in groups of five. IWM is the Golden Child obviously because of CC performance, but also because of OC. It went through a sizable period of OC underperformance that ended in the 3rd quarter. xHL looks like a good place lately. If the market gets weak into the… Continue reading 1/28/21 Afternoon Signals xHL/x7
1/28/21 Current Signals xLH/x0 – GME and XRT
Have to confess, I went long yesterday at the close. With the introduction of the sefirot, x0F and x0C have been merged into xLH. xLH can either drop to the lower cycle with x00 or x30 or stay in the middle cycle with xHL (or xMM if not x0F or x0C previously). x0 as a… Continue reading 1/28/21 Current Signals xLH/x0 – GME and XRT
1/27/21 Afternoon Signals xLH/x0
I guess Fed days were getting too predictable, so today there was no 14:00 reaction. I'm a little curious about the Fed buying SPY on market weakness. The 39 month simple moving average for SPY is at about 290. My guess is that they will support SPY at around 250. The 13month simple moving average… Continue reading 1/27/21 Afternoon Signals xLH/x0
1/27/21 Current Signals xCC/x2
The negative CO action this morning is a bit negative for overall OC profit chances today but not too bad. VGT was dropped from the sector ETFs as it seemed overly similar to XLK. XLI is in a little worse shape than DIA which is the weakest of the broad based index ETFs. It looks… Continue reading 1/27/21 Current Signals xCC/x2
1/26/21 Afternoon Signals xFC/x6
The market will probably stay in snooze mode until exactly 14:00 ET tomorrow when the Fed speaks. xFC has played CO quite well over the last 63 days in addition to the two 63 periods prior to that, x6 is the most likely daily signal with x2 and x7 possible. Like yesterday, the weak CO… Continue reading 1/26/21 Afternoon Signals xFC/x6
1/26/21 Current Signals and Sectors
The last table shows results over the past 63 days if the next day CO (for SPY) is positive. x6 has a win rate of 70% for the two out of seven days that happened. That means that 70% of the 15 sector ETFs had positive returns OC, which is 21 positive out of 30… Continue reading 1/26/21 Current Signals and Sectors
1/25/21 Afternoon Signals xCC/x6
x2. x6, and x0 are the possible daily signals when CO is known to be negative. The current reading is x6. Neither x6 or x2 are favorable CO. This is Fed week, and tomorrow is Tuesday. The market will probably not make any decisive moves until Wednesday afternoon. The matrix fragment is looking at seven… Continue reading 1/25/21 Afternoon Signals xCC/x6
1/25/21 Current Signals
Same signals as Friday afternoon, but weakness in the last half hour caused the daily signal to be x1 - RR is negative, CO is negative, OC is positive. The last quarter has both these signals mildly profitable in both CO and OC states. If one looks at xCC without considering x1, the CO picture… Continue reading 1/25/21 Current Signals