Hi Skycn
Which 'others' are you referring too?
Top Performing ETFs
- Thread starter investics
- Start date
Hi Skycn
Which 'others' are you referring too?
<b>Market View for 06.Mar.2010</b>
NYSE Percent of stocks above the 50 Day MA: <b>77%</b>
Buy Aggressively
Buy Cautiously
<b>Hold</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
With the above number, at <b>77%</b>, I am changing my sentiment to extra caution or hold. The Market is reaching that stage where we are enter over bought levels.
I suggest you read this post for more details.
I will have a week-end post later on!!
NYSE Percent of stocks above the 50 Day MA: <b>77%</b>
Buy Aggressively
Buy Cautiously
<b>Hold</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
With the above number, at <b>77%</b>, I am changing my sentiment to extra caution or hold. The Market is reaching that stage where we are enter over bought levels.
I suggest you read this post for more details.
I will have a week-end post later on!!
Week-End Post
It is time to go back and visit why this market cycle was very profitable.
I entered the market with <b>$TYH</b> & <b>$QLD</b> on <b>04.Feb.2010</b>.
If you take a look at the attached chart you can see that the, NYSE Percent of stocks above the 50 Day MA had dipped below <b>30%</b> .
I was on the prowl for <b>Selling Exhaustion</b>, it had arrived, and I jumped in.
We can do this again and again and again....
My next move is to look for an exit point, I will be observing this with razor sharp focus once the number hits above <b>80%</b> and will sell at the first sight of <b>Buying Exhaustion</b>.
Did you hear, Spring is here.........
It is time to go back and visit why this market cycle was very profitable.
I entered the market with <b>$TYH</b> & <b>$QLD</b> on <b>04.Feb.2010</b>.
If you take a look at the attached chart you can see that the, NYSE Percent of stocks above the 50 Day MA had dipped below <b>30%</b> .
I was on the prowl for <b>Selling Exhaustion</b>, it had arrived, and I jumped in.
We can do this again and again and again....
My next move is to look for an exit point, I will be observing this with razor sharp focus once the number hits above <b>80%</b> and will sell at the first sight of <b>Buying Exhaustion</b>.
Did you hear, Spring is here.........
<b>Market View - 08.Mar.2010</b>
<b>NYSE Percent of stocks above the 50 Day MA: 77%</b>
Buy Aggressively
Buy Cautiously
<b>Hold</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
With the above number, at <b>77%</b>, I am changing my sentiment to buy with extra caution or hold. The Market is reaching that stage where we are enter over bought levels.
I suggest you read this post for more details.
<b>MY ETF Watch List for this week:</b>
<ul>
<li>TNA
<li>MWJ
<li>UWM
<li>MVV
<li>UYM
<li>URE
<li>XME
<li>XRT
<li>JJC
<li>QLD
</ul>
<b>NYSE Percent of stocks above the 50 Day MA: 77%</b>
Buy Aggressively
Buy Cautiously
<b>Hold</b>
Sell Cautiously
Sell Aggressively
(the highlighted option is my current sentiment)
With the above number, at <b>77%</b>, I am changing my sentiment to buy with extra caution or hold. The Market is reaching that stage where we are enter over bought levels.
I suggest you read this post for more details.
<b>MY ETF Watch List for this week:</b>
<ul>
<li>TNA
<li>MWJ
<li>UWM
<li>MVV
<li>UYM
<li>URE
<li>XME
<li>XRT
<li>JJC
<li>QLD
</ul>
Hi investics,
A couple of questions about your use of the "NYSE Percent of stocks above the 50 Day MA":
1. On your weekend post (March 7), you included an attachment of the chart along with TYH chart at the bottom for comparison. Wondering how you managed to do this - I tried playing around with the chart but didn't get it.
2. Your use of the "NYSE Percent of stocks above the 50 Day MA" to give you indication of when to enter and exit the market is interesting. I was wondering if you had backtested this back over the past year to see how well it worked?
Thanks,
wellsley
A couple of questions about your use of the "NYSE Percent of stocks above the 50 Day MA":
1. On your weekend post (March 7), you included an attachment of the chart along with TYH chart at the bottom for comparison. Wondering how you managed to do this - I tried playing around with the chart but didn't get it.
2. Your use of the "NYSE Percent of stocks above the 50 Day MA" to give you indication of when to enter and exit the market is interesting. I was wondering if you had backtested this back over the past year to see how well it worked?
Thanks,
wellsley
<b>wellsley</b>
Hope you are having a nice day so far.
Let me address your questions:
1. On your weekend post (March 7), you included an attachment of the chart along with TYH chart at the bottom for comparison. Wondering how you managed to do this - I tried playing around with the chart but didn't get it.
It is a simple task on stockcharts.com, first choose $NYA50R as the main stock symbol for the chart and then please find attached a screen shot of the settings I used. Hope it helps. If not we could talk over the phone and I can instruct you live.
2. Your use of the "NYSE Percent of stocks above the 50 Day MA" to give you indication of when to enter and exit the market is interesting. I was wondering if you had backtested this back over the past year to see how well it worked?
I do not have the data to back test. I have been using a very similar statistic of my own on a subset of stocks, which I have used since May-2009 and has proved to be very very very, did I say very beneficial. This stat on its own is not useful but if combined with a few other market breadth numbers is GOLD.
Thanks for the post and questions, I really enjoy interacting with members here, I wish there was more I could do to encourage members to post. Honestly this is getting a little boring for me.
But I did start another thread in the stocks section:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=190991
Cheers!
Hope you are having a nice day so far.
Let me address your questions:
1. On your weekend post (March 7), you included an attachment of the chart along with TYH chart at the bottom for comparison. Wondering how you managed to do this - I tried playing around with the chart but didn't get it.
It is a simple task on stockcharts.com, first choose $NYA50R as the main stock symbol for the chart and then please find attached a screen shot of the settings I used. Hope it helps. If not we could talk over the phone and I can instruct you live.
2. Your use of the "NYSE Percent of stocks above the 50 Day MA" to give you indication of when to enter and exit the market is interesting. I was wondering if you had backtested this back over the past year to see how well it worked?
I do not have the data to back test. I have been using a very similar statistic of my own on a subset of stocks, which I have used since May-2009 and has proved to be very very very, did I say very beneficial. This stat on its own is not useful but if combined with a few other market breadth numbers is GOLD.
Thanks for the post and questions, I really enjoy interacting with members here, I wish there was more I could do to encourage members to post. Honestly this is getting a little boring for me.
But I did start another thread in the stocks section:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=190991
Cheers!
Quote from investics:
Investics,
I love this technical advice - some (or much) more would be appreciated.
You are a bit bored - aren't you?
BTW - what is TYH and why this comparison?
Nonetheless - thanks for taking your time!
<b>Goalgetter</b>
Thanks for your post.
I do not consider myself a technical analyst, but yes my methods are very quantitative in nature. All my efforts are converged towards removing emotions from my trading. I promise to post more as I see increasing interest.
But feel free to post here or email me with any questions you might have.
<b>TYH</b> is an ETF that is bullish technology and responds 3 times to the underlying sector.
It is a very volatile in nature, and could be a dangerous play, but if one were to time it right, it could be a very profitable entity.
Cheers!
Thanks for your post.
I do not consider myself a technical analyst, but yes my methods are very quantitative in nature. All my efforts are converged towards removing emotions from my trading. I promise to post more as I see increasing interest.
But feel free to post here or email me with any questions you might have.
<b>TYH</b> is an ETF that is bullish technology and responds 3 times to the underlying sector.
It is a very volatile in nature, and could be a dangerous play, but if one were to time it right, it could be a very profitable entity.
Cheers!
Quote from investics:
Investics,
I love this technical advice - some (or much) more would be appreciated.
You are a bit bored - aren't you?
BTW - what is TYH and why this comparison?
Nonetheless - thanks for taking your time!
Thank you Investics.
- speedy Gonzales like-
I wonder why TYH responds 3 times to the underlying sector - have not heard that before?
Does this only apply to TYH or to more/or all ETFs?
Thanks again.
G.
<b>TYH</b> is an ETF that is bullish technology and responds 3 times to the underlying sector.
It is a very volatile in nature, and could be a dangerous play, but if one were to time it right, it could be a very profitable entity.
Cheers!
- speedy Gonzales like-
I wonder why TYH responds 3 times to the underlying sector - have not heard that before?
Does this only apply to TYH or to more/or all ETFs?
Thanks again.
G.
<b>TYH</b> is an ETF that is bullish technology and responds 3 times to the underlying sector.
It is a very volatile in nature, and could be a dangerous play, but if one were to time it right, it could be a very profitable entity.
Cheers!