This weekend’s update is a new installment of, “A Trade From The Hedge Fund.” Before passing it along, I wanted to touch briefly upon the Weekly Trend Models. These models trade longer-term trends identified by our ATR-based algorithm using the four major data points of weekly price bars, i.e. Open-High-Low-Close. [Read more...]
In putting together the short-term trading models I backtested the trend algorithm we use via hourly price bars against what seems like hundreds of stock indexes, etf’s and individual stocks. A pattern emerged almost immediately, that some individual stocks trended better than anything else, including five different stock indexes. The [Read more...]
***I will be leaving about two hours before the close today and if my eyes are up to it, I’ll be posting today’s Market Close Report a little later then usual.
The AAPL Hourly Trend Model continues to be an effective model for stepping back and gaining some perspective [Read more...]
The market is likely working off from oversold, although it is always possible it has reached a short-term low. The more important issue is whether or not the Weekly Trend Models reverse SHORT? Today’s close is the first opportunity for that to happen, so here are the key levels:
DJIA [Read more...]
Weekend Market Analysis
My prior life was that of an attorney and early in my legal career I learned that basic elements that apply to just about any legal case:
From this basic outline flows the judicial [Read more...]
VXX Hourly ————>SHORT
The Big Picture
A common feature of these April-May TOP’s is that the LONG signals immediately following the TOP’s were all very profitable signals. The current Long signal is already profitable, but based on the past 4 years, this [Read more...]
It looks like the SLV Daily Trend Model will reverse Long on today’s close. I’ve posted the Weekly Trend Models that suggest this might be a risky trade.
The charts that follow are some of the fasting growing companies in America. Finding a promising stock in a hot sector is only half the battle. The other half is knowing when to hold onto the big winners, knowing what to do when the stock’s price action flashes a yellow [Read more...]
The market has quietly opened higher, though it’s a little early in the session to assess the sustainability of this rise. Quiet or not, a rally that finishes the week higher will almost certainly reverse the Weekly Trend Models higher, opening the door for us to take a much more [Read more...]