$SPX - Chart Link - amazing how strong
it's been today, the SPX hasn't even had a confirmed close below
the 9 EMA on a 5 min chart. some divergence late in the day
on the RSI however
One thing to note: The 60 Stochastic has been above 80% all day,
generally when that happens it's due for a reversion to the mean,
thus if it stays above 80% until the close, I would expect a small
pullback in the morning to recycle that
Posted by frtaylor on 27th of Feb 2013 at 03:35 pm
Given that VIX will give a confirmed buy signal today, any
pullback would seem to be a good entry for a long based on that
system. Funny, exiting out of the SPY system, but entering w/
the VIX rules.
Posted by frtaylor on 27th of Feb 2013 at 06:39 pm
Actually I didn't take the SPY per se, but I scalped a long
based on the unconfirmed VIX signal and exited mid-afternoon when
things got overbought. Also, though my first attempt at a
short didn't work, I did short SSO at 66.55 later. Looking to
close tomorrow morning, then looking for another long entry for a
longer hold. Ha! Mr. Market prolly won't cooperate.
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SPX 5 min
Posted by matt on 27th of Feb 2013 at 03:33 pm
$SPX - Chart Link - amazing how strong it's been today, the SPX hasn't even had a confirmed close below the 9 EMA on a 5 min chart. some divergence late in the day on the RSI however
One thing to note: The 60 Stochastic has been above 80% all day, generally when that happens it's due for a reversion to the mean, thus if it stays above 80% until the close, I would expect a small pullback in the morning to recycle that
Given that VIX will give
Posted by frtaylor on 27th of Feb 2013 at 03:35 pm
Given that VIX will give a confirmed buy signal today, any pullback would seem to be a good entry for a long based on that system. Funny, exiting out of the SPY system, but entering w/ the VIX rules.
Maybe stay long on the
Posted by sbwoman on 27th of Feb 2013 at 03:40 pm
Maybe stay long on the SPY just put a stop in just below tomorrow's opening?
Actually I didn't take the
Posted by frtaylor on 27th of Feb 2013 at 06:39 pm
Actually I didn't take the SPY per se, but I scalped a long based on the unconfirmed VIX signal and exited mid-afternoon when things got overbought. Also, though my first attempt at a short didn't work, I did short SSO at 66.55 later. Looking to close tomorrow morning, then looking for another long entry for a longer hold. Ha! Mr. Market prolly won't cooperate.