Archive
A few days ago Michael Stokes at MarketSci made an excellent post concerning RSI(2) readings, the changing frequency of extreme readings, its (the RSI's) quality of forecast and efficiency of trading short-term mean-reversion in the markets over the
On Wednesday's session, especially right at the open and at the close, the market (SPY) perfectly complied once again to -from a historical and statistical perspective- the most probable outcome after several setups with a negative tendency had been
And with Tuesday's session again the market (SPY) did what is was expected to do: The pre-opening weakness in SPX futures provided an favorable buying opportunity (see my Twitter updates) due to that fact that Monday's lopsided breadth session on the
On Monday’s session the market traded in perfect compliance to the probabilities and odds concerning last Thursday's (NYSE Advancing Issues/Declining Issues at 3.90 and NYSE Advancing Volume/Declining Volume at 3.80 for a heavily lopsided session)
On Friday the market traded in a very narrow range for a relatively quite session. Wilder's True Range for the SPX came in at 1.71% which is the second lowest reading since 02/17/2009 (last 2 month). Breath was once again exceptional strong with NYSE
This is a follow-up on my post Trading the Odds on Friday - April 17, 2009.
In my previous post I mentioned that we witnessed a very strong breadth (NYSE Advancing Issues/Declining Issues and the NYSE Advancing Volume/Declining Volume) during the la
Trading the Odds on Friday - April 17, 2009
On Thursday's session we couldn't have asked for more: In an almost perfect compliance to the probabilities and odds concerning Wednesday's setup ('NYSE Advancing Issues/Declining Issues ratio and the NY