Archive

Daily Commentary - Posted by on January 27, 2010

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SPY and MA Envelope

On January 17, 2010, I mentioned that although since 01/01/2009 the SPY always posted a higher close (than the trigger day's close) 4 and 5 sessions later (after the SPY’s 2-day RSI closed above 96), it was the first occurrence (since 01/01/2009) t

Daily Commentary - Posted by on November 28, 2009

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TRADING THE ODDS on Monday – November 30, 2009

On Thursday's session European indices (and futures on US major market indices) tanked on Dubai news (the ES E-MINI S&P 500 was temporarily down -3.75%), but although US major market indices closed sharply lower on Friday's half trading day, the

Daily Commentary - Posted by on November 23, 2009

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Thanksgiving and Stock Market's Performance

This is a follow-up to my post TRADING THE ODDS on Monday – November 23, 2009 . Thanksgiving (exchange holiday, with a shortened session on Friday, November 27) is celebrated on the fourth Thursday in November, this year on November 26. I thought i

Daily Commentary - Posted by on November 19, 2009

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TRADING THE ODDS on Friday – November 20, 2009

On Thursday's session market internals were heavily lopsided on the downside, but nevertheless the ES E-MINI S&P 500 managed to close in the upper half of it's daily trading range the fifth day in a row. The ES E-MINI S&P 500 left an unfill

Daily Commentary - Posted by on November 14, 2009

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TRADING THE ODDS on Monday – November 16, 2009

On Friday's session the ES E-MINI S&P 500 managed a small gain on the close, but did never seriously challenge Thursday's intraday high. But there was some remarkable weakness beneath the surface: Despite the fact that almost all US major market

Daily Commentary - Posted by on November 8, 2009

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TRADING THE ODDS on Monday – November 9, 2009 (Follow-Up)

A couple of minutes ago I noticed that there was another setup triggered on Friday's close, in particular confirming the negative outlook with respect to the first part of Monday's session (see my posting TRADING THE ODDS on Monday – November 9, 20

Daily Commentary - Posted by on November 4, 2009

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TRADING THE ODDS on Thursday – November 5, 2009

Wednesday's FOMC announcement session again perfectly complied to historical probabilities and odds calling for some extensive strength between yesterday's close and the start of Wednesday's last hour of the session. The ES E-MINI S&P 500 gaped