AMEX:SPY got into a uptrend on the weekly charts as indicated by higher highs and higher lows (marked with yellow zones).We have made a higher high again indicating continuation of uptrend
At 289 levels we got the entry signal on the RSI and indicator has been holding on very well
Since then, we have a nearly 7 pc move and looks good ahead, unless trend...
Please refer my article below. I had shared some quants on how markets have behaved in the past in trading sessions before and after Jobless claims data being published
Below are pointer and the feedback on the performance so far!
1.75% of the time ( 9 out of 12 times), SPY has given an average return of 0.7% 1 week prior to Jobless Claims data announcement...
My quant model predicts
Profitability: it has a high probability(68%) to rebound at this level.
Worst Case: it could drop to $88.44
Money Management: Bet no more than 12% of capital
Suggested Strategy: long stock for 5 Days
See my previous (linked) post. Make sure you click the "Buy & Hold Equity" text icon below to see the comparison between this strategy and simply buying and holding this index.
I'm looking for people interested in algorithmic trading. PM!
This is the second stock this year that made me a 61% profit. AMEX:BVX. Previously it was Nevsun (check out this post). The system gave a buy signal for this stock on 24th Apr 2018 and a position was entered at 3.50. It was held for about 6 months.
The price actually soared to 7.00++ and then it came down recently as the market declines. Today it was sold at...
This fella AMEX:NSU becomes my third most profitable stock so far in my US portfolio. 61.17% profit!! Initially entered on 19th Apr at 2.73. Anyway the story is that Nevsun had a few takeover attempts by Lundin but failed due to the unfavourable offer price of C$4.75 in July. The takeover news had already bump up the price to around USD3.50. The recent takeover by...