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SP500 Chippchat

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21 November 2022
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SPX historical strong 2 week periods
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Follow on from post above results from a lazy bit of code i just wrote , entry is not day perfect but the sense of the performance in first 2 weeks of july is well revealed . Compelling Win Rate over 20 years and out of sample prior is not that different so seems a solid pattern .


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Not looking like a great night in US developing here 10 of 10 NDX big caps are red premarket , NQ had a -500 intra last week and one leads to another

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Just reversal: big caps to Russel as a new trend?
interesting rotations ... investors were seen shifting towards small cap stocks as bets for a September US rate pivot reached 100 per cent.

overnight
  • Nasdaq Composite was 2.8 per cent lower at the close in New York.
  • S&P 500 shed 1.4 per cent.
  • Dow Jones was 0.6 per cent higher.
  • The NYSE Fang + Index, which tracks the megacap techs, fell 3.3 per cent.
  • Russell 2000 Index, down 1.1 per cent
  • The VIX, or Wall Street’s favourite volatility metric, spiked 9.8 per cent, briefly reaching its highest in six weeks.
  • the yield on the US 10-year note was unchanged at 4.16 per cent
.
Not really happening here.
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NDX nudging a channel break , maybe another bull flag or maybe a little more ominous . NDX down 5.5% from 5 day high with SPX down 3% , no panic stations yet . We had larger 5d downmoves in April around opex as well .

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A new model ive been working on has this weeks SPX as a green week , look to buy some calls today and be a dip buyer NQ futures where applicable . No real key data till Thursday/Friday nights . TSLA & GOOG the big earnings events this week , both after close Tuesday . Opex shennanigins done so looking for a drop in vol . Biden thrown the towel so bit of closure there also
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