Live Update

Tuesday, January 26, 2010

01/26/2010 After Bell Quick Summary

One trick today, when both VIX and SPX closed in red, 18 out of 25 times (72%) a green close the next day.

Sector1

One buy signal was triggered, it’s not as good as my standard VIX MA ENV setup, but it’s a well known setup. For me, however, it doesn’t matter anymore, because at today’s close the SPY ST Model sell signal was triggered and according to my test whenever SPY ST Model is in sell mode, neither did VIX MA ENV or VIX BB BUY setup work well, while VIX MA ENV and VIX BB SELL setup worked good, so the focus from now on will be on SELL SETUP only.

 Sector2

The bottom line, don’t try to be a hero here if you don’t think you’re smarter than those multi-billion guys because more than 50% down ticks today on QQQQ was BLOCK sell!

3

In case someone asks, yes, I did notice that ISEE Indices & ETFs Only Index was extremely low today (in fact the ISEE index itself was closed at 52 week low today). The chart below (see red bars, highlighted when ISEE Indices & ETFs Only Index was closed less than 35) should good enough to tell you what happened thereafter recently. However, I’m not intended to imply it means a top this time, actually I don’t think merely 4 cases mean anything.

21

blog comments powered by Disqus

Disclaimer

The information contained on this website and from any communication related to the author’s blog and chartbook is for information purposes only. The chart analysis and the market recap do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor.

This websites provides third-party websites for your convenience but the author does not endorse, approve, or certify the information on other websites, nor does the author take responsibility for a part or all materials on the third-party websites which are not maintained by the author.