ETF Prophet

Our Flickr Channel Our Facebook Our RSS Feed follow us on twitter
You Are Browsing the December 2011 Archive:

QE Big Time Swing System 2011 Results

Posted by on December 31st, 2011

I’ve updated the Quantifiable Edges Big Time Swing System overview page with results through December 28th. There is not a SPY trade currently open and based on the current market setup there is no chance of a trade triggering before year-end. I don

What to expect in 2012?

Posted by on December 31st, 2011

As we look to 2011 through the rear view mirror, I make a quick divergence from my recent lethargy to send my best wishes for 2012 to all readers. May 2012 be a trading year filled with opportunities you capitalize on.
See you in the new year.

Best of 2011

Posted by on December 31st, 2011

With this post I’m going to close 2011.  Bellow you find a list of the most popular posts. Let me know what you want me to write about in 2012 by sharing your thoughts in the comments section. I want to take the opportunity and wish all readers and fellow traders a happy new year! [...]

Ready for 2012

Posted by on December 30th, 2011

A glimmer of rally early in the day was sold by the close.  2011 was a roller coaster year when the trading was often dominated by Europe news headlines and end of QE2.  I am reading quite a few bearish calls for next year, so as a wild guess we may rally a few days [...]

Friday Fun – Happy New Year

Posted by on December 30th, 2011

12.30.11 – Quiet Close to a Rocky Year

Posted by on December 30th, 2011

For all the volatility, at the time of this writing the SPY is trading about thirty cents above its 2010 close (excluding dividends) — incredible.

GDX Turns

Posted by on December 30th, 2011

Here’s the scene as of 1 hour into Friday.  It’s been a rough ride for GDX lately but yesterday’s action initiated a BUY signal at the open for a nice pop.   The GDX signal is actually a bit divergent and a cross back over the zero line will be our first exit trigger. Today we’re [...]

NASDAQ’s Astounding Performance on the Last Day of the Year

Posted by on December 30th, 2011

Last year in the 12/30/10 blog I showed that while the last day of the year used to be a bullish day for the market it seems to have changed over the last decade into a seasonally bearish day. I looked at performance across a number of indices last nig…

End of 2011

Posted by on December 29th, 2011

Amazon and precious metals saw a little panic selling early, but the dip buyers jumped in and the market recoup most of the losses from yesterday.  On the positive side banks led the action all day.  With tax selling and getting rid of under performers, banks could have a decent bounce in January.  Last day of [...]

12.29.11 – Riding the Five-Day to Meet the Two Hundred

Posted by on December 29th, 2011

Volume remains miniscule, but its bullish for now to see equities hold their ground after yesterday’s rout and internals remain positive.

When SPX Drops Hard After A Steady Drift Higher

Posted by on December 29th, 2011

Wednesday’s selling followed a slow drift higher and wiped out a few days worth of gains. Below I show results of the 30 instances since 1982 where 3+ days of gains were erased after a rally of 5+ days.

These results appear to provide a solid ups…

Dry Powder

Posted by on December 28th, 2011

Today’s retrace wiped out the last two days of gains and put the S&P 500 back in the red for the year and back under the 200 day moving average.  Although volume was light, it picked up over yesterday and the damage was broad.  The SPY is currently under the 25% retracement of recent rally [...]

12.28.11 – Back to the 5-DMA

Posted by on December 28th, 2011

Price sold off from the open, with the major indices now at their still rising 5-dmas. It’s obviously a very negative day, but the daily bar technical damage remains light, as does volume.

Holiday Trading Continues

Posted by on December 27th, 2011

Light volume holiday trading continued today.  Holiday seasonality and quarter end mark up may hold us up a bit longer.  However, we have Italian bond auction on Thursday with Italian bond rates still hovering at recent high, any glitches there will produce a nice ripple in the current low volatility environment.

12.27.11 – Christmas Break

Posted by on December 27th, 2011

A sideways range trade here at the mid-day. Price is a bit overbought after last week, but I’d expect a catalyst requirement to push price one way or the other just now given seasonality. Volume is EXTREMELY light, so do keep on guard.

Portfolio Trader ~ Week 52 / 2011

Posted by on December 27th, 2011

Update Last week the portfolio saw an increase in equity (1.74%) while being hedged. The MOM system added past momentum losers to the portfolio. They are going to be sold with a good profit this week. Hence three new stocks will be added ( WFM, STX and NUAN). In case of RIMM I did a Twitter update [...]

ETF Rewind – Ho Ho Heavily Overbought | Week 51 | 12.23.11

Posted by on December 25th, 2011

After a rough start to the week, better than expected economic reports combined with holiday seasonality to leave the S&P 500 (SPY) higher by a full +3.9%. Of course seasonality continues through the last week of the year, but that move did leave price in the early stages of short-term overbought. Thus, while price action [...]

Happy Holidays!

Posted by on December 24th, 2011

« Previous Entries