Archive
Although US major market indices were not able to put in another multi-month high on close of Friday, October 29, the last trading week of October was at least good enough for 2 other multi-month high /lows:
With 2.96%, the SPY's annualized 5-day
Most recently the Commitments of Traders (COT) reports got (and still get) a lot of press around the blogosphere, regularly picking out the rapid increases in the net short /net long positions of non-commercial and commercial traders (respectivel
With respect to the (admittedly very specific) setup triggered on the close of last Thursday's session ( see my posting (Negative) Outlook for Friday, October 22, 2010 ), it was the second out of 12 occurrences (since 1990) where the SPY did not post
Just a quick pre-opening post with respect to the SPY's (S&P 500 SPDR) negative outlook on Friday, October 22, 2010.
On Thursday's session the SPY posted a higher high, a higher low, was up +0.83% at the end of the first hour of the session, b
On Tuesday, October 19, the Heart of Gold (from Douglas Adam's 'The Hitchhiker's Guide To The Galaxy' novels) - in this event represented by the S&P 500 - went back into reverse after being power ahead by its famous Infinite Improbability Drive
It seems as if major market indices are currently powered by the famous Infinite Improbability Drive (the Heart of Gold in Douglas Adam's 'The Hitchhiker's Guide To The Galaxy' novels); the improbable odds against closing higher (on a session with mo
On Wednesday's session, and utilizing Bollinger Bands %B with a 14-day EMA (Exponential Moving Average) and 2 standard deviations (for a detailed explanation of the Bollinger Bands %B concept see Stockcharts.com), the SPY closed above the 1.10 thresh