SPDR S&P 500 (SPY)

[Fox13]

OK Gleno here is the explanation: I have concocted a new complicated home-made strategy based on “correlative indicators“. That means it is not derived from the price action itself but from other factors which are:
a). the KINETICS of indicators linked to it: (VIX, TICK, TRIN)
b). the breaking of key levels of opportunistically chosen pilot stocks or baskets (today OIH and FCX). They change every 2-3 days.
I called it “V” - from Volpinacci: a fusion of “volpino” (Italian for fox) and Fibonacci. It is supposed to produce timely and unambiguous buy or sell signals for short term trades of 2 hrs - 4 days. It gives an early signal and a confirmation signal. Sometimes the price fakes an up or down move while V stays steady and prevents me from bailing out too early, which is a frequent problem for me. V is still in a testing phase in back-trades, paper trades and some real time cash trades. So far it has a predictive value of approx. 0.7 (after confirmation), which for me is pretty good. However, after an early signal the confirmation occurs only in ½ of the cases. Today I decided to play it and post its signals. Let us review them:
- Early sell signal at 1:05pm Bought a seed position short and posted at 1:07 (#50330)
- Confirmation at 1.19. Bought more and posted at 1:22 pm (#50333)
- Around 1:30 -1:45 SPY went up but V continued to predict a down course. Posted this at 1:49 pm(#50345). I hope now it’s clear what I meant. I like this one.
- After a low of NDX was “established” - exit and posted that I was scared of the “foxhunt” at 3:01 (#50372). That was my decision, not V’s.

I will continue to share some of such V signals with everyone here, for entertainment only . I am sure nobody will take it seriously.