Re the exhaustion trade, the following stats ares from Tom
Bowley from stockcharts.com:
The October 27th (close) through January 18th (close) period as
being the most bullish period of the year. We've gone up nearly
every year since 1950 (57 of 69 years) during this period. Barring
a collapse of mega proportions, this period will end at Friday's
close in positive territory once again. Looking into next week,
however, suggests a different outcome.
January 20th (Monday) is the 3rd worst calendar day of the
year,trailing only October 19th (think Black Monday 1987) and October
22nd.
It has an annualized return of -83%.Mondays that fall after options expiration are also typically
very poor stock market days.
So hopefully the spy triggers Thursday or Friday, maybe at
the upper pivot just above 3304-3306!!
well I told you guys on the weekend the market was likely going
higher and that has come to pass, and that 3300 now has been
tagged. We'll see if by end of week that AAII has went back up,
which needs to.
yeah amcap - IWM my mistake was not buying that because was
pretty obviously it was gonna play catch up to the other indexes.
anyway liquidity driven market
OMG that short almost triggered
SPY Exhaustion Short Condition back on
Posted by matt on 15th of Jan 2020 at 03:58 pm
OMG that short almost triggered by pennies, I was scrambling to get an alert sent out here. on TS the official close is 2 min after.
anyway maybe it goes tomorrow, that's 2 days now it's tried to go
Re the exhaustion trade, the
Posted by elliotw on 16th of Jan 2020 at 12:24 am
Re the exhaustion trade, the following stats ares from Tom Bowley from stockcharts.com:
The October 27th (close) through January 18th (close) period as being the most bullish period of the year. We've gone up nearly every year since 1950 (57 of 69 years) during this period. Barring a collapse of mega proportions, this period will end at Friday's close in positive territory once again. Looking into next week, however, suggests a different outcome. January 20th (Monday) is the 3rd worst calendar day of the year, trailing only October 19th (think Black Monday 1987) and October 22nd. It has an annualized return of -83%. Mondays that fall after options expiration are also typically very poor stock market days.
So hopefully the spy triggers Thursday or Friday, maybe at the upper pivot just above 3304-3306!!
Reminder - the US markets
Posted by steve on 16th of Jan 2020 at 08:19 am
Reminder - the US markets are closed on Monday (MLK Holiday)
so we won't get an
Posted by mla127 on 16th of Jan 2020 at 09:49 am
so we won't get an all time high on Monday ... we are taking a breather ... lol
well I told you guys
Posted by matt on 16th of Jan 2020 at 09:53 am
well I told you guys on the weekend the market was likely going higher and that has come to pass, and that 3300 now has been tagged. We'll see if by end of week that AAII has went back up, which needs to.
yeah amcap - IWM my mistake was not buying that because was pretty obviously it was gonna play catch up to the other indexes. anyway liquidity driven market
Thank you Matt, can't imagine
Posted by retirefire on 15th of Jan 2020 at 04:04 pm
Thank you Matt, can't imagine how busy you are and also field questions and do your own trading.