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Studies, Trading Strategies - Posted by on April 23, 2009

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Trading the RSI as a Static Strategy

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

Daily Commentary - Posted by on April 22, 2009

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Trading the Odds on Thursday – April 23, 2009

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

Daily Commentary - Posted by on April 21, 2009

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Trading the Odds on Wednesday – April 22, 2009

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

Daily Commentary - Posted by on April 20, 2009

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Trading the Odds on Tuesday – April 21, 2009

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)

Daily Commentary - Posted by on April 19, 2009

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Trading the Odds on Monday – April 20, 2009

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

Daily Commentary - Posted by on April 17, 2009

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Follow-up on Trading the Odds on Friday – April 17, 2009

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

Daily Commentary - Posted by on April 16, 2009

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Trading the Odds on Friday – April 17, 2009

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