I'm hoping to start regular commentary again, and thinking about ways to share my VBA code. SPY began the day in the pocket formed by the 20 and 50 day SMA. This would a nice time for a move to challenge those two topping tails. Recently, I've been working with the Excel chart object, which… Continue reading Stock Charts With Excel
Tag: IWM
11/19/21 The Homestretch
The consecutive weekly white candle streak ended at five. All of the candles were shaped about as good as they get. The more recent two week period looks more like a consolidation than a topping pattern. The November low of 458 is probably important because it was probed last week. Any minor weakness should be… Continue reading 11/19/21 The Homestretch
11/2/21 The Homestretch
The little guys are breaking out to the upside from a ten month base. The bottoming pattern is pretty, especially from July. Note how the 52 week is rising at a steeper angle than the 13 week. IWM and associates are usually heart breakers on breakouts, but both the 13 and 52 week levels look… Continue reading 11/2/21 The Homestretch
7/29/21 IWM/TNA
This is typical IWM behavior. It got to about where it was going in February, and crashed into the 13 week SMA from the side. It could stay like this for a long time. Assuming it does, the idea is to buy when prices cut below the 13 week SMA and sell at some point… Continue reading 7/29/21 IWM/TNA
6/21/21 Broad Based ETFs Growth vs Value
After Friday's value drubbing, I was surprised to see an article pushing value stocks because they have doing so well. They are definitely more valuable this morning than Thursday for example. Personally, I'm a big value fan but sort of regard that as a weakness because growth consistently trounces value. About the best one can… Continue reading 6/21/21 Broad Based ETFs Growth vs Value
6/18/21 Quadruple Witching and Ex-Div
I was so excited by the Fed meeting, I didn't realize today was quad witching and the Ex-div situation is murkier than usual. Spy is Ex 6/19 (tomorrow), otherwise 6/22 is popular, IWM happened already. Brokers don't do a good job of adjusting prices. IT guys don't like to do it because it is a… Continue reading 6/18/21 Quadruple Witching and Ex-Div
6/15/21 Homogeneity
Looks like everyone who spent a lot of time on broad based ETF selection leading up to Apr 23 was wasting their time. Sometimes a chimpanzee and dartboard are all it takes. Very high winning percentages CO, but the gains are chimp change. The action consists of maneuvering with investors reluctant to increase or decrease… Continue reading 6/15/21 Homogeneity
6/7/21 IWM – Door Number 3
There was commentary today on SeekingAlpha about AMC being a small cap with a market value of $25 billion. That makes AMC the AAPL (or take your pick) of the small caps. That situation is also the case from GME which has a market cap of over $18 billion. That inspired me to check out… Continue reading 6/7/21 IWM – Door Number 3
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
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