As per the request for analysis on VXX from @lkeno in the trading room, my charts on both $VIX (spot VIX, CBOE Volatility Index) and VXX (iPath S&P 500 VIX Short-Term Futures ETN) are below. As the underperformance/tracking error of the volatility/VIX tracking ETNs are among the worst of just about any exchange traded products [...]
Analysis of the US stock market via QQQ, SPY, IWM, SMH & the following market leading stocks: AAPL, GOOG, MSFT, AMZN & FB.
Nice dump into the close to print red candles on the SPY, DIA, QQQ, virtually flat on MDY & a slight green close on IWM after the late session dump into the close resulted in a fade of about 75% of the earlier gains. Also worth noting is that only 2 out of the 11 [...]
There's an old saying in trading/investing about how most gaps are back-filled at some point in time. The statistics on what percentage of gaps are filled range depending on the source but the author of this article from 2013 claims to have conducted a backtest spanning 24 years showing that over 91% of all gaps [...]
The charts below help to illustrate that, at least as this point, the recent rallies in the major US stock indices have so far been nothing more than typical oversold, counter-trend bounces off support with every major US stock index still well within the typical Fibonacci retracement levels. All major indices, other than the Nasdaq [...]
I spent the bulk of yesterday working on the back-end of the site & as of yesterday, all of the Long Trade ideas have been updated. The charts on all 4 trades currently listed under the Active Long Swing Trade category (ACBFF, WEAT, NIB & CCE) all still look constructive & all of those trades [...]
After the brief whipsaw sell signal (false breakdown) in the SPY two weeks ago today, price went on to breakdown & backtest the rising wedge pattern & have moved impulsively lower since, tagging the S1 support level (minor support) this morning. As minor support levels (S1, S2, etc...) are levels where I expect any reactions [...]