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US major market indices fully complied to historical probabilities and odds when the VIX had surged 20%+ on a single session in the past: The SPY (S&P 500 ETF) showed the expected intraday weakness (follow-through of Thursday's weakness), went up
Major markets sold off today, with the VIX (CBOE Volatility Index) up more than 20%. From a historical and statistical perspective, when the VIX surged 20% or more on a single session in the past, the market regularly turned around the then following
This is an update to my previous posting How To Make A Million (%) Trading The SPYDER – Part I.
By streamlining a couple of conditions and the respective set of parameters as well as utilizing Bollinger Bands for identifying areas of short-term mea
Friday's session complied in every way to (the heavily lopsided negative) historical probabilities and odds (even to the magnitude of change on the intraday low and on the close) where either the CBOE Volatility Index (VIX) had closed lower at least
It might appear that I'm addicted to blogging about the financial markets (my original intention was to take a couple of days off), but some of those setups triggered at today's close are way too interesting.
Despite the fact that all major market
Tuesday's session finally broke the streak of 21 consecutive sessions so far where the ES (E-MINI S&P 500) didn't loose -0.60% or more on the close and 12 consecutive session where the BKX Bank Index out-performed the ES (E-MINI S&P 500), an
On Friday's session the market complied to the slightly positive tendency based on those setups which were triggered on Thursday's close (see my posting Trading the Odds on Friday – July 31, 2009).
But again market internals provided a reliable in