Australian (ASX) Stock Market Forum

Recent content by DaveTrade

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    NYSE and the status of world markets

    Was That a Black Friday Sale or Sell-Off? By Mike ReillyNovember 30, 2021 News that a new COVID-19 variant has surfaced in South Africa spooked global equity markets this past Friday causing a frenzied sell-off. The question coming into Monday’s open was whether that sell-off was an...
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    NYSE and the status of world markets

    Did Powell Just End the Bull Run? Vindication. That was the word on my mind this morning as I read the latest statement from Fed Chairman Jerome Powell. After over a year of insisting that high inflation was merely transitory, Powell finally said “uncle” today when he admitted that it was...
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    NYSE and the status of world markets

    What the Covid Resurgence Could Mean for Stocks It was another wild trading session this morning as stocks opened significantly lower on the day. Treasury yields initially spiked, driving equities lower. The 10-year Treasury yield hit a 6-month high for a few moments. But several hours later...
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    Gold Price - Where is it heading?

    Is Gold Finally Ready to Shine? By Mike ReillyNovember 23, 2021 Last week, an ADAPT Weekly reader asked about my thoughts regarding investing in Gold… Not that my opinion is all that important – remember, the only thing that pays to watch is price. I’ll say it again: If you’re going to pay...
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    NYSE and the status of world markets

    My personal view is that the markets world wide, including the $SPX, look very weak at the moment.
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    NYSE and the status of world markets

    Did the Fed Just Lie About QE? Stocks opened slightly lower this morning before tumbling further shortly before noon. Rising rates sparked the midday selling as tech shares endured most of the losses. Fed Chairman Jerome Powell’s nomination – something that initially sent equities higher...
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    NYSE and the status of world markets

    What a Powell Nomination Means for Stocks President Biden’s made his pick. Jerome Powell is to remain Fed chairman for another term. Bulls breathed a sigh of relief this morning as stocks rallied strongly in response. “It appears markets are reacting positively to the continuity signal...
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    Dump it Here

    Yes not a lot of trades. I'm looking to see how the trades that I'm using will perform in another period of the market, I may get even less trades, I may get more. The trades are sound in that they have their own edge but if I need to have a larger sample to feel confident before going live then...
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    Dump it Here

    I’ve completed the initial backtest on my NTW system. The backtest was done on only one market, the SPY, for the 15Y period from July 2006 through to July 2021. I selected this period for my initial test because it includes the 2008 crash, the 2020 covid flash crash and the 2015 year of...
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    NYSE and the status of world markets

    Is Covid Coming Back This Winter? It was a big day for earnings but a lackluster morning session for bulls. Stocks fell slightly at the open today despite blowout earnings from some of the market’s top companies. Tech-stalwart Nvidia (NASDAQ: NVDA) reported far better-than-expected quarterly...
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    NYSE and the status of world markets

    This "Hidden Divergence" Just Gave a Crash Warning Stocks down, rates up. As has been the case in each recent pullback, rising rates sent equities lower this morning. Yields even hit new monthly highs as the market priced in a 19% chance of a Fed rate-hike by March of next year. But instead...
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    Dump it Here

    So that people better understand what I’ve been saying I should explain that I’m using a charting software called Trade Navigator which has a programming language called Tradesense. This allows a user to program just about anything onto the chart. This is how I’ve created my own indicators and...
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    Dump it Here

    After getting a massive response from ducati916, thanks for your interest BTW, I thought I should respond by saying where I’m at and what I see as a possible next step going forward. I’ve been coding and recoding trade ideas and slowly increasing the number of trades that I’m getting from this...
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    Dump it Here

    Yes I can do this when I finish the full period because I'm manually doing the backtest and I have written a spreadsheet to record the data and calculate the metrics, so when I finish I can simply extract sections of the spreadsheet into individual spreadsheets. As long as I can get my required...
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    Dump it Here

    Initial testing of the NTW system In starting to put things together and testing how the planned components of the system worked with each other, a few problems were highlighted. Problems are always expected but usually the ones that you get are not the ones that you originally expected. I’ve...
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