I’ve taken a short break from the ETF Rotational Strategy series to try and figure out what is going on with this recent pullback. To be clear, I want to short this market. (In fact I did, this morning). It seems I’m not the only one, as even our dear Blogfather is sitting on mounds [...]
Many of the broader market ETFs have recently seen their 20 day moving averages fall and cross beneath their 50 day moving averages.
Is this is good time to get short?
The Rules:
1. The close is higher than the 200 day moving average (ensures there is still a primary up-trend).
2. The 20dma crosses beneath the 50dma.
3. Sell [...]
It might be hard for technicians not to be bullish after Friday’s (2/5/2010) close.
After a tiny gap-up on the opening, the SPY traded down ~-2% and then reversed to close just above the open and above yesterday’s close. This action creates an interesting candlestick which shows the battle between the bulls and bears. (See circled [...]
From what I can tell, the recent contracted range and simultaneous diminishing volatility can only mean one thing: We’re going to get a large move, soon.
The charts that follow plot the SPY with my four favorite measures of volatility underneath: 30 day Historical Volatility, Bollinger Band Spread, ATR(10), and the $VIX.
Above we see that all [...]
Sellers are in control of the Russell 2K issues.
RSI, OBV bearish divergences look to be playing out.
(IWM: 68.26 -0.31%) has exhibited a common bearish technical pattern which is to fall below the 50 day average (after a long run-up) and then test the moving average from below. I see this pattern [...]
Bearish divergences are beginning to appear in the (SPY: 117.0375 -0.05%) and SPX.
I know, you’re thinking, “What could stop this market?” I have no idea. However, I would like to share a few of my personal observations, for what they are worth. Then we’ll take a look at the [...]
Yes, you read that correctly, and don’t forget you read it here first.
I submit the graph below as proof:
Today the (SPY: 117.0375 -0.05%) closed above its long-term downtrend line. I assume most technicians [...]
