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Daily Commentary, Studies - Posted by on October 30, 2010

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Low Volatility and Bullish Optimism

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

Daily Commentary - Posted by on October 28, 2010

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COT: Commercial, Non-Commercial and Small Traders

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

Daily Commentary - Posted by on October 23, 2010

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Noticeable Problems at 3-Month High

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

Daily Commentary - Posted by on October 22, 2010

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(Negative) Outlook for Friday, October 22, 2010

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

Daily Commentary, Studies - Posted by on October 19, 2010

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The ‘Heart of Gold’ Went Back into Reverse

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

Daily Commentary, Studies - Posted by on October 16, 2010

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The 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

Daily Commentary, Studies - Posted by on October 14, 2010

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Overbought Market, and Similarities between 1997 and 2010

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