NYA is the price of the NYSE index, a broader cut of the market than SPY,QQQ or DIA alone. TICK is the difference between the number of green and red issues in NYSE. As such, it measures the breadth of NYSE, a broad index. Multiply the two. Focus on the low's. The trendline from years ago (left chart) predicts the recent market drop almost to the day (right chart)
the chart establishes a STRONG relationship between the probability of a 0.5 rate hike, taken from Fed-futures data, and the price of SPY. chart: The chart shows the fed-futures data on top (inverted) and SPY on the bottom. The scale on top goes from 0 to 100 at the bottom....current future price is 99.83, 24 hours before FOMC announcement. The issue is...
The indicators in the chart compare price (in RSI terms) to volume indicators (OBV and AD both in rsi terms). For more on the indicator and the script below
First, look at the chart, then read. Link to script at bottom Use OBV/Price to see a price adjusted by 'On Balance Volume' - (OBV), a momentum indicator that measures positive and negative volume flow, was developed by Joseph Granville and introduced in 1963. The indicator, together with trend lines, provides good entry/ exit points. In the chart note the...
All negatively correlated with the Zombie Collection. Pair them up with Zombies for a smoother ride.
These leveraged ETF's are going up while their underlyings go down One exception - x3 Bull ETF for TLT.
Left chart: Combine leveraged ETF BIS (bear, bio x3) with XIV (or safer ZIV or SPLV) for a good deal on risk vs return. Right chart: BIS about to overtake EDZ (short emerging markets, x3 ETF). Ratio: 1) currently 1.5 shares of BIS to every 1 share of XIV. This ratio changes over a period of days so must be monitored closely. 2) For less volatile combo's using...
Rate of Change on VXX * XIV approximates changes in intraday contango of VIX futures sorry for multiple posting...new laptop...popup blocker...enough said.
Rate of Change on VXX * XIV approximates changes in intraday contango of VIX futures
Use changes in VXX * XIV to approximate intraday changes in state of contango (available EOD as VI2!/VI1!) The rate of change in vxx * xiv closely approximates changes in contango
If you trade volatility products you need to know the amount of contango between futures 1 and 2. You can see the EOD value using: VI2!/VI1! For a intraday indicator, the expression VXX*XIV contains a good approximation. The Rate Of Change of this expression shows you how much contango there is (in relative terms) and can warn you if we enter backwardation -...
Bottom panel is RSI of SPX500 / XAUUSD ration.... Inverted to give signals for Gold (above 50 is good for gold, below 50 good for SPY
Past ~1.5yrs the ratio between SPX500 and gold (XAUUSD) has followed a channel defined by a 3pt trend line on top and its parallel 2pt trend line below. Currently close to its upper limit. The past 2 peaks were "resolved" by a short term increase in the price of gold, thereby lowering the ratio (increasing the denominator). Alternative resolutions include:, SPY...
DUST is the X2 bear ETF for Gold Miners. The ratio DUST/SPY, on a log scale, suggests we may hit a limit on how high DUST (correlated with short gold) can go relative to SPY
When 5 or more experienced traders say "wow", "OMG" or equivalent about a tanking asset, and do so within 50 seconds of each other, the smart money is likely out and the asset is likely (>50%) to bounce. The System: - when you see 5 in 50sec - buy small position @ market. - speed is crucial - do not check chart - after purchase, check chart - if its bounced, exit...
When shorting VXX you often are trying to profit on decay, independent of small price swings. Pairing each shorted VXX share with 2 shares of SDS (Short SPY, leveraged) produces a position that is short on the volatility (short VXX) but partially hedged for price movements. WARNING: a short VXX position exposes you to VXX spikes that can result in portfolio...