(5/27/14)
A unique set of conditions occurred today which has only
happened 4 other times since the March 2009 low. These conditions
include the following: 1. S&P 500 closed above the +2.0
Bollinger Band.
2. S&P 500 closed higher 4 days in a row.
3. The VIX closed higher than the previous day. The
last time all three of these conditions occurred prior to today was on 9/14/12
(point a) which was followed by a 132 correction in the S&P 500.
Another occurrence happened on 6/19/12 (point b) which was followed by a 54
point correction. Meanwhile another
occurrence happened on 4/29/11 (point c) which was followed by a 113 point
correction. Finally the last
occurrence happened on 4/15/10 (point d) which was followed by a 147 point
drop. Thus based on previous events one would think a decent correction is
just around the corner. 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 |
|
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Amateur Investors
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