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Daily Commentary - Posted by on December 30, 2011

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Trailing Week and Week-to-Date at Year's End

Trailing Week and Week-to-Date at Year’s End

When the markets showed an extraordinary strong performance on those sessions immediately preceding Christmas Day, but far less convincingly returns between Christmas Day and the end of the year, as a consequence the S&P 500 had performed better

Daily Commentary - Posted by on December 29, 2011

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Singularities between Xmas and New Year

Singularities between Xmas and New Year

Wednesday's sessions has been unique in many respects. It was the first 90%+ down volume day since 1965, Gold posted its biggest one-day loss (-1.75%) since 1969, down more than -2.0% two days after Christmas Day for the first time since 1969, alway

Daily Commentary - Posted by on December 28, 2011

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High Number of 52-week Highs in December

High Number of 52-week Highs in December

At time of writing (11:11 am ET), the S&P 500 is currently down -0.81%, which might provide a favorable intermediate-term buying opportunity. On Tuesday, December 27, more than 4.5% of NYSE listed issues closed at a fresh 52-week high for the 4t

Daily Commentary - Posted by on December 26, 2011

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Santa and 52-Week Highs/Lows

Santa and 52-Week Highs/Lows

The Santa Claus rally has come in a bit late this year, but not too late, and its delayed presents had been quite impressive so far. The SPY (S&P 500 SPDR) closed out the Xmas week with a 3.95% gain, closing above the previous session's high on

Daily Commentary - Posted by on December 25, 2011

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NYSE Full-Day Closings 1850 - 2050

NYSE Full-Day Closings 1850 – 2050

Due to the fact that calendar effects (e.g. historical return behavior surrounding closings of the New York Stock Exchange) play an important part in my studies and blog postings, I have been searching for a complete and accurate listing of all fores

Daily Commentary - Posted by on December 21, 2011

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Christmas Time ...

Christmas Time …

With two sessions left before Christmas, it may be time to check for the markets performance during the last couple of sessions of a year. Table I below shows all occurrences (since 1930) and the S&P 500 performance assumed one went long on clos

Featured, Studies - Posted by on December 21, 2011

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Wilder's 2-day RSI (adjusted)

Wilder’s 2-day RSI (adjusted)

A couple of months ago I introduced blog readers to my modification of Wilder's Relative Strength Index (RSI) ( see Modified RSI(2), Buying Power and Intermediate-Term Outlook ), utilizing an underlying's high | low | close (instead of close vs. pre