Statistics – Page 8 – The Art Of Chart

Category: Statistics

Rolling Over

[vc_row][vc_column][vc_column_text]SPX has reached a peak of 9.57% over the 45dma on this run. That's likely to be the highest reading as the 45dma is now rising significantly every day, and has risen 40 handles this week. We should now see a retracement that reaches at least close to the 45dma, now at 3971, and may...

Air Getting Very Thin Here

[vc_row][vc_column][vc_column_text]I was talking on Friday about how every so often we see market moves that make no sense, but are technically sound, and go ahead and happen despite making no sense. I was calling these grey swans and as it happens there was a very good example of this that day. On my daily 45dma...

Choices Choices

[vc_row][vc_column][vc_column_text]After the violent rally on Thursday and Friday next week the real question here is whether a significant low has been made. There are some signs that might be the case. On the SPX daily chart the low saw a spike down through the 3sd lower band, generally a good indicator for at least a...

The Masks We Wear

I'm planning to drop some COVID-19 info and updates into some of my posts, hopefully in a way that won't get people thinking that I'm taking a position in the US election, as it is of vital interest for the economy going forward, and there was a time when that mattered for stock markets too,...

Rally Time

My apologies for this being the first post in a couple of weeks. Hoping to get this back to a couple of posts a week now. I've been avoiding discussing COVID-19 much in recent months as it is very much an election issue in the US and that's not a conversation I really want to...

Nosebleed Highs

The high earlier this year was at the main resistance trendline on SPX, starting at the low in March 2009, support at the low in 2010, broken as support in 2011 and then backtested as resistance then and several times since. The high yesterday was just shy of a full test and that has broken...

An Overflow Of Good Converts To Bad

I have a Shakespeare theme with the title today, which is a quote from Richard III. I am a lifelong Shakespeare lover and have been using some of my quarantine time watching film versions of some of his plays, of which I have about thirty or so in total, many of which were beautifully done....

A Short History Of Superflu Pandemics

My last few posts have been a coronavirus COVID-19 series, so I'm putting in the links here so as to refer back to them easily for now. These are the six posts so far. 18th February - Peering Through The Fog Around Coronavirus COVID-19 24th February - Some Genuine Coronavirus Numbers Coming Through 28th February...