Friday, May 24, 2013

SPY Closes At A 5-Day Low For The 1st Time In A Long Time

On Tuesday the SPY closed at a 5-day low for the 1st time in over 4 weeks.  This triggered the study below, which I last showed on the blog in December.


I also did a 4-week filter and though instances were greatly reduced the numbers looked much the same.  This study suggests a moderate upside edge and hints that persistent uptrends normally wither before they die, rather than turn on a dime.
 

2 comments:

Daniel said...
This comment has been removed by the author.
Daniel said...

"Persistent uptrends normally wither before they die, rather than turn on a dime."

Quite true Mr. Hanna, normally and in general. But take a look at IYR, the large REIT etal etf.. One might think they were looking at the chart patterns of a small pharmaceutical company whose promising new drug study just went sour.

What has changed about REITs and rentals? Something is afoot.

(note prior entry did not format right)