When SPY Closes Above Steenbarger R3 Two Consecutive Sessions
By on Thursday, March 8th, 2012 at 12:46 pmYesterday I noted on Twitter that SPY would finish above Steenbarger’s R3 target on a close over 135.59 (which it did), triggering the 5-10 day buy setup outlined in this December 9th column. Today SPY is working on a second consecutive close above R3 (at 136.28). That usually means…
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SPX Component Volume Hits Lowest Level of Year
By on Sunday, March 4th, 2012 at 5:23 pmTotal volume among S&P500 components totaled just under 2.3 billion shares Friday, easily the lowest SPX volume day of the year. That’s an encouraging sign for…
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February Effect
By on Thursday, March 1st, 2012 at 4:59 pmThe ‘February Effect’ builds on the traditional ‘January Effect’ signal that points to an up year when January finishes positive. That’s certainly a worthwhile signal to monitor, but the February Effect takes it one step further by…
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When the Equal Weight S&P500 Underperforms SPX
By on Wednesday, February 29th, 2012 at 12:28 pmThe following signal was triggered at Tuesday’s close and calls for a lower close today…
When both the S&P500 and Equal Weight S&P500 close higher on the day but the Equal Weight index underperforms the SPX by …
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Pre-OpEx Week Strength
By Rennie on Friday, March 9th, 2012 at 1:23 pmSPY currently trading above Steenbarger’s R3 at 137.64. A close above that level would trigger the same signal discussed yesterday and imply limited downside potential on Monday. Interestingly, one additional study suggests the exact opposite for Monday, but only if S&P futures…
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