The past 30 years, 3 consecutive days of gains >1% on the SPX
has led to an avg. drawdown over the next wk (5 trading sessions)
of -2.58%. Prefer to get a trigger.
Posted by frtaylor on 30th of Jun 2016 at 02:57 pm
Cool stat - where did you find it? Combined with this morning's
short SPY system signal (and maybe a candle or wedge pattern) it
could mean a low risk short trade (i.e., put stop closer than the
normal SPY stop, etc. - Matt pointed out the historical drawdown
for this signal is small). I can really only buy puts, or spreads,
as my IRA is tiny, but something to watch for.
Bonds and Utilities held up very well (big continuation in XLU
today with no RSI divergence on Daily or Hourly) through this low
volume equity short squeeze. Again, risk off doesn't look over
based on a number of factors. The odds look pretty decent again for
Steve's statistical note.
The past 30 years, 3
Posted by steve on 30th of Jun 2016 at 02:26 pm
The past 30 years, 3 consecutive days of gains >1% on the SPX has led to an avg. drawdown over the next wk (5 trading sessions) of -2.58%. Prefer to get a trigger.
Are there stats on four
Posted by EdZ on 30th of Jun 2016 at 03:59 pm
Are there stats on four gains of > 1% in a row?
GREAT STATS
Posted by bugsdrugs on 30th of Jun 2016 at 03:49 pm
GREAT STATS
Cool stat - where did
Posted by frtaylor on 30th of Jun 2016 at 02:57 pm
Cool stat - where did you find it? Combined with this morning's short SPY system signal (and maybe a candle or wedge pattern) it could mean a low risk short trade (i.e., put stop closer than the normal SPY stop, etc. - Matt pointed out the historical drawdown for this signal is small). I can really only buy puts, or spreads, as my IRA is tiny, but something to watch for.
Bonds and Utilities held up
Posted by a_l_ on 30th of Jun 2016 at 02:42 pm
Bonds and Utilities held up very well (big continuation in XLU today with no RSI divergence on Daily or Hourly) through this low volume equity short squeeze. Again, risk off doesn't look over based on a number of factors. The odds look pretty decent again for Steve's statistical note.
XLU Daily
XLU Hourly
Look at the volume and
Posted by a_l_ on 30th of Jun 2016 at 03:56 pm
Look at the volume and price spike on XLU at the close.