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System Trading with Woodshedder

Woodshedder
Joined Nov 11, 2007
1,458 Blog Posts

Quick Look at Percentage of Stocks Trading Above the 20, 50, and 200 Day Averages

Woodshedder Mon Jan 23, 2012 10:17pm EST 6 Comments

Click on the chart to enlarge…

We are due for a pullback. However, if one doesn’t come pretty soon, don’t be surprised if the rally continues.

SPY is quickly approaching an abnormally overbought condition, which is actually more bullish than bearish.

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6 comments

  1. bpguns
    bpguns
    January 24, 2012 at 1:30 pm

    What is the “abnormally overbought condition” you refer to?

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    • Woodshedder
      Woodshedder
      January 24, 2012 at 1:35 pm

      When SPY closes above the Upper Bollinger Band (50,2).

      In the right sidebar, visit the Category –> Abnormal Markets and you’ll find more info.

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  2. Steven Place
    Steven Place
    January 25, 2012 at 12:19 pm

    I’ve got a trading system that I want to backtest on a crapton of stocks. I’ve got CSI data, any other system development areas you can point me towards?

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  3. Woodshedder
    Woodshedder
    January 25, 2012 at 12:58 pm

    Steven, that is quite a broad question. Can you be more specific? I would be glad to help.

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