Mid Week Outlook

(2/22/17)

As pointed out in the Weekend Analysis, a week ago on February 15th, we saw a very unusual event in which the VIX was up over 10% along with the S&P 500.   Typically there has been a 99% correlation between the two since the late 1990's such that a substantial rise in the VIX is accompanied by a drop in the S&P 500.

Meanwhile I looked at the VXO, which goes all the way back to 1986, and the results show that there have only been "3" events out of 217 where the VXO has been up 15% or more with the S&P 500 up as well.  The other two occurrences happened on May 5th, 1997 and way back on August 11th, 1987.  As I will show in the next Weekend Analysis these prior two events led to substantially different outcomes for the market. 

 

  Thursday'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

 
Thursday'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 Thursday's Buy/Short Signal Entry Initial Stop Trailing Stop 1st Target 2nd Target 3rd 
Target
Signals Date Price Price Price Price Price Price
SPY

  

 

 

 

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