Tag Archives: SPY
MId-Session Update
The market has gapped down and has stayed down, so far. As I wrote earlier, the Daily trend lines are key to a real change-in-trend Short. Despite Bernanke’s keynote speech tomorrow, it is my intention to stay true to the [More]
TAGS: Despite Bernanke, SDS, SPY, trading
Fibonacci Resistance
First, here is a 30 minute DJIA chart showing how the first counter-trend rally stopped right at the 61.8% Fibonacci retracement level: Next, where the current counter-trend rally should find it’s own Fibonacci resistance: In other words, somewhere between 12,650 [More]
Market Open, June 12th
Was yesterday’s move lower the beginning of another leg down? Across most of my index charts a familiar pattern is emerging: “The Wave 5 Sell Signal.” For new subscribers and as a recap, this pattern has the following characteristics: (1) [More]
TAGS: Market Open, Sell Signal, SPY, VXX
Market Open, May 21st
On trading days like today it is helpful to keep an eye on where prices are compared to where they opened. It gives weight to the momentum of the market, not so much the absolute value. Stock [More]
Or, you can trade the SPX/SPY Hourly
Here are the SPX Hourly Trend Model trading signals (shown with an SPY chart as well) since the beginning of 2012. You can tell by just looking at the signals how robust this model has been. Note that the reversal [More]
Market Close, January 3rd
New Daily Signals XLE = LONG Commentary Last night a group of us went to the Fiesta Bowl here in Phoenix. By the beginning of the fourth quarter, two opposing realizations began gnawing at our patience. One, this was one [More]
TAGS: Fiesta Bowl, Market Close, New Daily Signals, SPY
Market Close, Dec 27th
New Daily Signals USO = LONG Commentary It is at times like this week when there us a lot more going on then meets the eye. No, not in the market so much as in AllanTrends. The slow action on [More]
TAGS: Market Close, New Daily Signals, SPY, USO
SPY Hourly Trading System
SPY trades at about 10% the value of SPX. One would expect that the hourly trading signals for both the SPX Trend Model and the SPY Trend Model would be almost identical. They are not. For one reason, I use [More]