Archive
As Michael Stokes in his latest (strongly recommended) post The State of Short-Term Mean-Reversion: September, 2009 already pointed out, short-term mean reversion is currently not the 'play du jour', and instead of retracing recent gains (as histori
On Thursday’s session the market fully complied to the positive outlook based on those setups which were triggered on Wednesday’s close ( see my posting Trading the Odds on Thursday – October 8, 2009 ).
The ES E-MINI S&P 500 (expectedly) o
'Against all odds' the ES E-MINI S&P 500 posted it's third consecutive higher close on Wednesday's session, but at least provided the favorable opportunity on the short side when the ES E-MINI S&P 500 was trading higher +0.50% above Tuesday'
Monday's remarkable under-performance of the Nasdaq 100 in comparison to the S&P 500 and the historical negative tendency on the then following session ( see my posting Trading the Odds on Tuesday – October 6, 2009 ) did not prevent the bulls
On Monday's session the market fully complied to the bullish outlook based on those setups which were triggered on Friday's close (e.g. three consecutive closes below the previous session's low, three consecutive lower lows and lower highs, see my
Friday's session marked the 20th consecutive session where the ES (E-MINI S&P 500) didn't loose -0.60% or more on the close, and the 11th consecutive session where the BKX Banking Index out-performed the ES (E-MINI S&P 500).
The ES (E-MINI S
When almost all major Asian market indices closed higher on Monday's session again (as it was already the case on Thursday's and Friday's session), probabilities and odds were again (the third day in a row) tilt in favor of a positive bias for the U