Alibaba is trading, now we can get focus on something else. the S1TH jumped to 86 % from 73 %. All three supportive indicators are positive, so this market remains "tradeable". The the AK TREND ID indicator for the SPY, remains in the green zone ( see comment section). Cheers Algo
The week has been pretty volatile. SPX closed below 2000, and the VIX jumped to 14.27 before closing at 13.31. The S1TH lost 11 pts, going from 84 % to 73 %. Two out of three supportive indicators remains positive, so this market remains "tradeable" Interesting week ahead, things i will keep my eye on : - Scottish independence & GBP - Alibaba IPO & YHOO -...
The day is not over yet , but as of yesterday close, the SPY is up a nice 3.65 % for the month of August. It remains above it 's 200 MA, so this trade is still open. So far, this trade is up 67.84 % since Jan 2012. Summer is now over , and most big traders are leaving the Hamptons to head back to work next week. September and October are usually the most...
I'm still long SPY despite all the noise and BS i see on CNBC. Over the last two weeks, so called "experts" have appeared on Business Television shows, to either call the top and say the market will crash like in 1987 , or expecting the S&P 500 to go up for another 28 %.....Seriously?? My favorite quote comes from Stephen Auth, Chief Investment officer of Federal...
The S1TH is at 73 % , up from 69.30. 2 of 3 supportive indicators are still positive. Market is "tradeable" cheers Algo
The S1TH saw its sharpest drop since March of this year, and currently sitting at 69.30 ( down from 83.16). The exit point for conservative investors is 65, but we are not there yet. Out of the three supportive indicators, only two remains in positive territory. Very interesting times , is this the beginning of the end of one of the most profitable bull market...