Momentum Signals
Posted: May 4th, 2020, 10:29 pm
Posting these for observational interest, not recommendation...
- An intermediate+ buy has just been signalled in the SPX; the signal is the 10-week Rate of Change (ROC) to move from below -10 to above -5 (-3.77 as at the close today):
http://schrts.co/HjQmBesp (lower panel)
- A second VIX-based intermediate+ buy signal for US markets is also in place as of the close today; the signal is for the 10-week ROC to fall from above to below the 10 level after a spike (-10.3 at close today):
http://schrts.co/fnSKMjjH
NB the 10-week ROC signal for the FTSE 100 is not there yet (presumably because its rally off the lows has been weaker than SPX's):
http://schrts.co/eywmQRVD
Disclaimer (statement of the b133p!n9 obvious): these types of signals might be used as inputs along with a bunch of other stuff, offering probabilities not guarantees. Further pullbacks, retest of the lows, a failed test and new lows are all possible. Even if the signals are subsequently shown to have been informative, they say nothing about the short term probabilities. Interest only etc. Hopefully that covers it!
- An intermediate+ buy has just been signalled in the SPX; the signal is the 10-week Rate of Change (ROC) to move from below -10 to above -5 (-3.77 as at the close today):
http://schrts.co/HjQmBesp (lower panel)
- A second VIX-based intermediate+ buy signal for US markets is also in place as of the close today; the signal is for the 10-week ROC to fall from above to below the 10 level after a spike (-10.3 at close today):
http://schrts.co/fnSKMjjH
NB the 10-week ROC signal for the FTSE 100 is not there yet (presumably because its rally off the lows has been weaker than SPX's):
http://schrts.co/eywmQRVD
Disclaimer (statement of the b133p!n9 obvious): these types of signals might be used as inputs along with a bunch of other stuff, offering probabilities not guarantees. Further pullbacks, retest of the lows, a failed test and new lows are all possible. Even if the signals are subsequently shown to have been informative, they say nothing about the short term probabilities. Interest only etc. Hopefully that covers it!