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David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
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  • Delineators In Sync: An Acceleration In Trend 4 comments
    Mar 19, 2012 8:00 PM | about stocks: SPY, IWM, QQQ, AAPL

    Closing Read Mar 19, 2012
    Primary trend = TRANSITIONING TO UP
    Number of days = 5

    We knew on Friday that if signal weight opened moderately positive today that a new up cycle would be identified on the Primary (shown above). We also knew that the Secondary, the daily trend, was in a position to identify a new up cycle now as well.

    The Secondary was not in a position to turn up when the Primary identified the last up cycle on March 7th that took SPY from under 135 to just over 140. By the 13th, the Primary was overextended at +10,800 and had no where to go but down. That down cycle ended this morning at 11:30 and for most of the day, both the Primary and the Secondary had identified new up cycles, a rare in-sync event.

    But, the Secondary did not close up, due to exogenous factors (the rumor mill) that reduced signal weight just enough to keep it just fractionally down. However, it will very easily turn up on Tuesday given only modestly positive signal weight. (Secondary, shown below)

    <READ MORE>

    Themes: High Frequency Trading, HFT, Algos Stocks: SPY, IWM, QQQ, AAPL
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Comments (4)
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  • untrusting investor
    , contributor
    Comments (9928) | Send Message
     
    Looks like interesting software with predictive value for trading, but it is not cheap for a small individual investor.
    19 Mar 2012, 08:52 PM Reply Like
  • Steve Hammer
    , contributor
    Comments (8) | Send Message
     
    Had to chime in here on the cost. At $199 a month, given the complexity and features, it isn't expensive.
    20 Mar 2012, 02:57 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9928) | Send Message
     
    Steve,
    That's probably true for a serious trader, but for an occasional trader like us, it is probably more than we would do. On the other hand, it could also more than pay for itself on 1 or 2 successfully placed and timed trades as well. Which of course would make it a bargain.
    20 Mar 2012, 04:55 PM Reply Like
  • amalina
    , contributor
    Comment (1) | Send Message
     
    Sometimes cost is prohibitive. I am a frugal guy, but have realized I need a team. Steve is a major part of my team. I use the Delineator, Accumulator and HFT alert. I must say that I am still learning the system. My problem is not the accuracy of the software but my execution. My suggestion is to do the math. Even at trading on $25,000 per month the software is only 1.8% of the trading amount ($450). Using the software and depending on what you trade, you can easily make that back. My suggestion is to try it out for 6 months and then track your total return. In the end I believe it will be worth it.
    21 Mar 2012, 12:54 PM Reply Like
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