|
(4/15/14)
Intra day volatility has been picking up especially in the
Nasdaq which reminds me of the period from late 1999 into 2000 when sharp moves
occurred in both directions on a daily basis. Notice today the Nasdaq fell
110 points from the open through midday and then a magical ramp job occurred in
the afternoon with a 90 point rise. 
Many are probably
wondering what happened which led to a major upside reversal around
midday. It was all about the Nasdaq bouncing perfectly off its 200
Day EMA (green line) after falling 10% from its high. If the 200 Day
EMA holds look for a potential Head and Shoulders Top pattern with the initial
target for the 2nd Shoulder near 4200. 
Finally Zerohedge
had an excellent post today about daily performance so far this year involving
the Dow. Notice the only day with a positive bias so far this year has
been on Tuesday's. 
Wednesday's
Buy Signals
| Primary |
Secondary |
RSI |
Williams |
Fisher |
TRIN |
Volatility |
Money |
Money |
Put to |
VWAP |
Advance |
Signal |
| RSI
Long |
RSI
Long |
Max/Min |
%R |
Transform |
S&P 500 |
Bands |
Flow |
Flow/
TRIN |
Call Ratio |
|
Decline |
Strength |
| Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Ratio |
|
| No |
No |
No |
No |
No |
No |
No |
No |
No |
No |
No |
No |
|
When 6 or more Signals are generated that is a Strong Buy
Signal
When 3 to 5 Signals are generated that is a Moderate Buy Signal
When only 1 or 2 Signals are generated that is a Weak Buy Signal
Wednesday's Sell Signals
| Advance |
Fisher |
ROC |
RSI |
VWAP |
Volatility |
Volatility |
TRIN |
Signal |
| Decline |
Transform |
VWAP |
Max |
Percent |
Index |
Bands |
S&P 500 |
Strength |
| Ratio |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
Signal |
|
| No |
No |
No |
No |
No |
No |
No |
No |
|
When 5 or more Signals are generated that is a Strong
Sell Signal
When 3 to 4 Signals are generated that is a Moderate Sell Signal
When only 1 or 2 Signals are generated that is a Weak Sell Signal
When a Buy or Short Signal is triggered numbers will be entered into the table
below.
| ETF |
Wednesday's |
Buy/Short
Signal |
Entry |
Initial
Stop |
Trailing
Stop |
1st
Target |
2nd
Target |
3rd |
| Target |
|
Signals |
Date |
Price |
Price |
Price |
Price |
Price |
Price |
| SPY |
|
|
|
|
|
|
|
|
Amateur Investors
| 
