The idea behind the pop above the key 417 level last week was to set the semi-obligatory new high and possibly then schedule a service appointment to check the air suspension below the 404 level, which has been causing the check engine light to flash intermittently. Tuesday saw an intraday high of 422.72 just south… Continue reading 6/3/21 Missed It By That Much
Author: Josef Friedman
6/2/21 Leveraged ETFs – LABU
In all the excitement surrounding finishing my article on Monday, I forgot to include all the 3x Bulls in the one year summary. The technical problem of displaying this stuff cleanly is considerable. DS is CO -OC. A negative means that OC is higher than CO - man bites dog. If you are playing dog… Continue reading 6/2/21 Leveraged ETFs – LABU
6/1/21 The Homestretch
36 days is a great lookback period. 36 * 7 = 252 which is the number of trade days in a calendar year. That makes a market year = 7 periods of 36 days. Enhance Returns With a Simple Trading Edge was just published on SeekingAlpha. I argue that leverage should be increased in the… Continue reading 6/1/21 The Homestretch
6/1/21 Current Signal xCF
The bottoming tails coming off the 13 week SMA tell the story. There is a lot of buying interest at lower levels. At the same time, things have been quite boring and the summer season is just starting. Perhaps today will take out 422.82 for a new high.
5/26/21 The Homestretch – IWM
Every day with a positive return is a good day. IWM is having a nice day. It is only four months into loitering at this level and it is not clear why anyone would expect the next few years to be much different, at least from a perspective of immediately going a lot higher. The… Continue reading 5/26/21 The Homestretch – IWM
5/25/21 Current Signal xFF
As expected the resistance at 417 proved not very formidable as SPY consolidated near that area Friday and easily poked through on Monday. Setting a new all time high is close to a sure thing because of how close it is. The study shows that CO13 and OC13 have gone in the opposite of their… Continue reading 5/25/21 Current Signal xFF
5/21/21 Current Signal xHL
SPY has bounced off the air cushioned support line at the 54 day SMA at 405 and is now threatening to move above resistance at 417 which is near the 18 day SMA. SPY has bounced off the air cushioned support line at the 54 day SMA at 405 and is now threatening to move… Continue reading 5/21/21 Current Signal xHL
5/20/21 The Homestretch
SPY isn't too far from doing something positive like poking above 417,49. The air cushioned support at 404 should probably be given a little respect. QQQ has looked good, already making an eight day high with a reasonable looking double bottom at 316. The 18 day SMA is a downward sloping trendline, which might be… Continue reading 5/20/21 The Homestretch
5/20/21 Current Signal x00
The 50/100/200 return study shows the couch potatoes in their usual top position, and with growth beating value. Note how well the value dogs SPLV and USMV play OC while getting hosed CO. Playing the 3x Bulls OC is really a waste of time and money. Note how the UDOW tOC loss of 0.20 ranks… Continue reading 5/20/21 Current Signal x00
5/19/21 The Homestretch
This is an unusual retest of an unusual air bottom. There was a little bounce around 406, no doubt helped by poorly positioned stop orders. The couch potatoes are also showing some support at a place that at least makes some technical sense. IWM has deserved little commentary, as the past four months show more… Continue reading 5/19/21 The Homestretch
