Assessing Market Action With Indicators And History
Wednesday, May 14, 2008
Stretched ETF's
In the last few nights I’ve talked about Time Stretches and I’ve discussed my newly bearish outlook. In the spirit of those concepts, tonight I present a list of ETF’s that has gone at least 20 days without closing below their 10-day simple moving averages.
I have a proprietary screen that finds both long and short reversal signatures in equities.
This evening's run shows one of the longest potential shorts lists I've ever seen. It's composed principally of energy stocks, commodity stocks and regional banks. They don't become actionable until there is a near term trend change indication, but it is suggestive.
In this blog I will be examining market action and quantifying my findings. Using sentiment, breadth, price and volume indicators - both standard and customized - I will try and uncover short-term edges which could be taken advantage of by market participants. I will frequently add opinion to these studies and may sometimes post opinions without quantifiable research behind them.
All content on this site is provided for informational purposes only. It is NOT a recommendation or advice to buy or sell any securities. I may hold positions for myself or clients in the securities or industries mentioned here. There is a very high degree of risk involved in trading securities. Your use of any information on this site is entirely at your own risk.
I have traded professionally since 2001. From January 2003 through February 2007 my bi-weekly column "Rob Hanna's Putting It All Together" appeared on TradingMarkets.com. I have been conducting quantitative research and designing trading systems - mostly focused on short-term edges since 2004.
1 comment:
I have a proprietary screen that finds both long and short reversal signatures in equities.
This evening's run shows one of the longest potential shorts lists I've ever seen. It's composed principally of energy stocks, commodity stocks and regional banks. They don't become actionable until there is a near term trend change indication, but it is suggestive.
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