Back-filling The Gaps, Better Now Than Later

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 [...]

Mar 28, 2017 9:01am|Categories: Equity Market Analysis|Tags: , , , , , , , , , |7 Comments

Fibonacci Clusters & Retracement Levels on the US Stock Indices

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 [...]

Mar 24, 2017 12:21pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , |6 Comments