Friday, April 23, 2010

Trading the SPX

Below is the SPX hourly trend model for the past two weeks.  The beauty of this model is that it has no directional bias, it is simply a trend following, rule based, purely mechanical, objective, algorithm-based trend line. 

SPX 60 minute trend model


I'm not advocating short-term trading here, just providing an illustrative model of trend following on a shorter-term time frame. 

 The monthly chart isn't all that different:

SPX monthly trend  model


This weekend I hope to provide a fresh overview of these models in my Weekend Update to the email list.  



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5 comments:

Anonymous said...

ultra-short consumer might be one to watch

John Mayer - Free Fallin

Anonymous said...

Again,
Trade of the next week to your subscribers:
think of cxm just think of it

Anonymous said...

Monday, April 26, 2010: Saturn opposite Uranus. Simply said, with Saturn and Uranus, we have Same vs. Change.

The most consistent (same) market event for Mondays has been a rally. As of 04/19/10, 18 out of the last 19 Mondays the market was up big.

Maybe this Monday will be different. And the stock market will begin plunging at last.

Sometimes I lie awake at night, and I ask, "Where have I gone wrong?" Then a voice says to me, "This is going to take more than one night."
~ Charlie Brown, "Peanuts"

Charlie Brown likes ultra-short ETFs

Anonymous said...

http://blogs.stockcharts.com/chartwatchers/2010/04/consumer-discretionary-stocks-primed-to-lead.html

consumer spending index technicals; PPO at critical level, which prefigured previous downturns.

Mike said...

nice Lil Wayne reference.

take the trade...

-Mike