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This is a follow-up on my previous post Trading the Odds on Thursday - May 21, 2009.
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I received an excellent and very legitimate comment concerning the reliability of the SPX' opening quotations, especially with respect to t
The bullish setup triggered on Tuesday's close - NYSE Advancing Issues / Declining Issues and NYSE Advancing Volume / Declining Volume both above 1.25 when the SPX closed lower, but not more than -0.25% - (see my post Trading the Odds on Wednesday
Besides the fact that the S&P 500 fell a bit short of the profit target of -0.75% below Monday's close for the potential short at Monday's close (the intraday low on Tuesday was -0.49%), the remainder of Monday's session played out expectedly
The following is a follow-up on my previous post Trading the Odds on Tuesday – May 19, 2009.
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On Mondays's session volume in NYSE advancing stocks accounted for more than 90% of NYSE total volume, for a so called '90% up(-side)
It seems that the smaller the sample size and the more I emphasise that therefore one should be careful reading anything significant into it (like the bullish forecast for Monday's session), the better the accuracy of forecast.
At any rate on Mond
On Friday the S&P 500 perfectly complied -from a historical and statistical point of view- to the expected negative outlook for option expiration's session with respect to those (negative) setups which were triggered on Wednesday's (S&P do
For those who love the numbers, the table below shows the S&P 500' intraday performance stats on option expiration Fridays since 01/02/1990 (open, high, low and close in comparison to the session's close immediately preceding option expiration