ETF Prophet

As I mentioned in my last post, I was waiting for a pull back to the trend-line I had identified over the past month or so.  Let’s start by taking a closer look at it on a 30m ES chart.  So, unlike what happens to me most of the time, the market actually did what [...]

I've been researching a number of angles over the last week, but not come to any dramatic conclusions. One thing – Does anyone know a good formula for calculating consecutive values in excel? Weekend Reading: Is trading Luck or skill – Been referred to in a few places, but still fascinating if you missed it.  [...]

Recently I had started to review the historical tendencies of the coming month as the current month comes to an end.  I felt it had helped my trading so I will share my thoughts for August.  I did well predicting the outcome in May and June.  My July prediction that “it is a turning month [...]

Sometimes a trading concept takes a bit of time to sink in.  I love tape reading and believe that the more one watches the market the more one will get a feel for the action.  Every chance I get, I try to get as much live market action as possible.  While I am not the [...]

Euro Overnight Review

Euro Overnight Review

Thank you Bill Luby for the Suggestion!

One of the unique characteristics of Friday is it’s tendency to stick to the VWAP more so than other days, at least with regard to the SPX (SSO shown above). The VWAP is displayed as the purple line in the upper portion of the chart, while the lower technical panel of the chart shows the SSO Prognosticator. [...]

Price action is levitating near unchanged after a nice downside gap fill to the pivot this morning. Although up and down volume are suggesting a range day, other internals are nicely positive suggesting an overall neutral to mild upside bias going into the pm session. Our apologies for anyone who had difficulty logging into the [...]

A few odds and ends here. This month’s (August) edition of Futures magazine has some great reads and regular readers know this is a freebie www.futuresmag.com so hop over and check out a unique technical setup to catching falling knives and a top-down approach to selecting high probability ETFs on a rotational basis by Deron [...]

Dear Subscriber,This post will be light given Rewind's big move to ETF Prophet this evening.  Note in the dashboard how we also have a big move alert, a moderate negative bias for tomorrow, and an emerging misalignment among the trend time frames.  Clearly tomorrow's GDP looms large and I'd suggest that holding SPY $108.75 or [...]

I would like to thank Jeff from Mrkt_Rwnd for this opportunity as well.  I am a part time trader who tries to juggle a full time job with family/2kids.  I am a “keep it simple” writer during the week and will have an occasional longer piece on the weekend, but of course “NEVER INVESTMENT ADVICE!” [...]

Michael at MarketSci has been reviewing some statistics on the  DVI: http://marketsci.wordpress.com/2010/07/29/exploring-the-dvi-indicator-extreme-readings/ . The tests that MarketSci has covered are long only going back to 1970. Michael has done an excellent job showing overall how the DVI works.  To provide some added information, the DVI considers two factors in determining overbought (>.5) or oversold (<.5) [...]

Here it is, two or three days off schedule, but here nevertheless.  Semi’s have really led this move.  I’m watching the SPY closely for indicated support in the $109 range right here near S2 and with the five-day moving average still rising.  However, I’d like to see internals confirm, particularly cumulative tick.  Whether this is [...]

Those who have followed the generals over the past 2 weeks may have noted that IWM has been leading the SPY in daily gains. We now have an about face occurring with the IWM leading the SPY down over the past 2 days. That weakness can be seen in absolute % change: IWM -1.74% vs. [...]

Dear Subscriber,Today's minor pullback indicated from last night was led by Health-care, which has been relatively weak of late during the recent "risk-on" rebound (see Rewind Tab Line 58).  We still have a minor bearish bias for tomorrow, although I expect a potential "buy opportunity" anywhere between here and SPY $109-110 — We'll see.  Mr. [...]