Getting Granular – RSI on SPY 60 Min Chart Reaching Extreme Levels Seen Only 4x in Past Year
The RSI on the 60 min SPY chart has only been this elevated, whether it be euphoria or something else, 4x over the past year. Once was in early July 2011 when Greece managed to secure a release of bailout…...
Based on the Average Historical Outcome, this Very Reliable Indicator Suggests SPX ~1,550 by October
On October 3, 2011 when the SPX closed at 1,100, investors in the Rydex family of funds had nearly $1.60 invested in money market fund vehicles for every $1.00 invested in long or sector-based equity mutual funds. In effect, cash balances…...
AAPL’s Run Highly Similar to Silver’s Parabolic Move; $1,000/$1 Trillion Cap Next?
Have attached two items to look at – one is a daily analog chart that compares the % increase in AAPL from January 2012 to current vs. the % increase SLV experienced from September 2010 to April 2011. These starting…...
Does Volatility Tell us anything about the Potential for a Sustained Move Higher?
If history holds, YES! And that probability is reasonably high. If the market meets certain qualifications today (most importantly, if the VIX closes < 17.8 and one other item) our proprietary “fear” and volatility-based market timing tool will have provided its first…...