International Index Trading

Edwood · 20 January 2011

Yes good to see you're still around Mr MRC

Russell not very happy overnight, still holding the trend line but with Vix sell signal on board now it all looks a little more interesting

professor_frink · 20 January 2011

sinner said:
Hi frinky,

Exactly as I stated:

Secondly, the McClellan Summation Index is cumulative and this is what I watch most closely. The divergence is clearly marked.

Thanks for your thoughts

MRC, the AD line I used to get 10-sma of, calculation here:
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:advance_decline_indi

Code:

=AD Line (previous value) + Net Advances (current value)

all good sinner

Good luck with the short

MRC & Co said:
Yep, still float in and out from time to time Frink. Hope all is well with you and the trading is doing well! I get what you mean now, sorry misread and thought you meant the adv/dec line was measuring % moves, didn't see the part where you talked about the earlier results dropping out of the calc.

Thx for the link Sinner.

yeah trading is going quite nicely MRC, been a little bit of a slow start to the year, went flat before Christmas looking to jump on board an early year pullback when I got back into the swing of things, so unfortunately missed a bit of this recent rally. Hope all is going well for you

professor_frink · 20 January 2011

Edwood said:
Yes good to see you're still around Mr MRC

Russell not very happy overnight, still holding the trend line but with Vix sell signal on board now it all looks a little more interesting

howdy Ed

I'm in 2 minds about things currently. Vix had moved into a very oversold position by my reckoning earlier this week, but I've only really found it to be a short term(less than 2 weeks) bearish scenario for the SPX.

Most of the analysis I'm doing, and seeing from other people suggests that if we do pop down a few % from here that it's most likely just another dip buying opportunity.

Of course that could all change as things develop further

Edwood · 20 January 2011

professor_frink said:
I've only really found it to be a short term(less than 2 weeks) bearish scenario for the SPX.

Most of the analysis I'm doing, and seeing from other people suggests that if we do pop down a few % from here that it's most likely just another dip buying opportunity.

Of course that could all change as things develop further

hey G, how's things??

yeah there's plenty of potential to continue higher, climbing this wall of worry - but doing a bit of trawling around the traps there are some extreme readings around which come along pretty infrequently (could all just be a reflection of the extent of underlying stimulus mind) so that's got me watching more closely for a potential turn.

Key as always is not to try to anticipate it!!

Edwood · 20 January 2011

clear 5 down off the highs now for FTSE on the hrly, and RUT is out of its trend line support.

early days - but looks to be some strength behind it....

Edwood · 28 January 2011

large collapse in UK consumer confidence - not sure why they're so surprised given teh VAT rise + winter blues + austerity measures.
Shame the euphoria from ashes win has worn off already

http://www.telegraph.co.uk/finance/...-confidence-suffers-astonishing-collapse.html

Edwood · 24 February 2011

sad days for the people of Christchurch

Thought this was interesting - shows the dates of the first major Christchurch earthquake (Sept 4, a Saturday) and the latest one, against the NDX....

Edwood · 28 February 2011

so those quake dates, corresponding with major market turns recently, tie in with moon phases. Next quake (& possibly market turn?) due March 19-20

http://www.predictweather.co.nz/ArticleShow.aspx?ID=339&type=home

Edwood · 17 October 2011

Bollies on the Dow weekly suggesting 13,000 as a target - could take a while to get there of course

tech/a · 17 October 2011

Edwood said:
Bollies on the Dow weekly suggesting 13,000 as a target - could take a while to get there of course

Its a 20 period displaced M/A
Means bugger all.

Edwood · 17 October 2011

tech/a said:
Its a 20 period displaced M/A
Means bugger all.

a decent break often leads to a move back to the opposite bolly - subject to PA confirming, divergence on indies etc

about as useful as EW mind

Edwood · 27 October 2011

decent pop following the EU decision, strong day shaping up for Europe, FTSE pointing >2% gap up for the open

Edwood · 29 October 2011

Edwood said:
Bollies on the Dow weekly suggesting 13,000 as a target - could take a while to get there of course

practically 1000pts since then, should be at 13k before Christmas (weekly view)

Edwood · 12 January 2012

slowly getting closer, not convinced we'll make it now appears we're heading into an ED

Edwood · 25 January 2012

US indices looking quite strong, AAPL doing great - DOW 13,000 still on the cards then

Edwood · 22 February 2012

theres the Dow 13,000 - no sign of slowing up just yet

Edwood · 15 March 2012

13,500 looking likely next.
Seen some NZD-USD targets for year end which imply 14,250 area for Dow, assuming similar % change.
if you believe in the 'all-one-market' model mind....

Punta · 27 March 2012

Hi guys, I'm wondering if anyone has an opinion on which international index futures behave "similarly" to the SPI200? I don't mean correlated with the SPI200, but rather the market movements have similar characteristics.

I've written a trading bot for the SPI200 futures that is currently forward testing on a single contract. I'm curious to see whether the same or similar algo would work for other futures markets. It's based on 5-second bars though, so pulling the historical data off IB to backtest is non-trivial. As such, I thought I'd ask if anyone with more experience has an opinion on which futures contracts make the most sense to go for. Down Jones (INDU)? Mini Dow (YM)? FTSE100 (Z)? S&P500 (SPX)? HSI?

I get the impression from the HSI thread that it's more volatile than the SPI, because the index covers fewer sectors, so maybe the US/UK indices are a more sensible first punt?

Cheers,

Edwood · 27 March 2012

Punta said:
Hi guys, I'm wondering if anyone has an opinion on which international index futures behave "similarly" to the SPI200? I don't mean correlated with the SPI200, but rather the market movements have similar characteristics.

I've written a trading bot for the SPI200 futures that is currently forward testing on a single contract. I'm curious to see whether the same or similar algo would work for other futures markets. It's based on 5-second bars though, so pulling the historical data off IB to backtest is non-trivial. As such, I thought I'd ask if anyone with more experience has an opinion on which futures contracts make the most sense to go for. Down Jones (INDU)? Mini Dow (YM)? FTSE100 (Z)? S&P500 (SPX)? HSI?

I get the impression from the HSI thread that it's more volatile than the SPI, because the index covers fewer sectors, so maybe the US/UK indices are a more sensible first punt?

Cheers,

hi Punta - haven't looked at SPI for ages, however in the past the main similarity with Z is behaviour around gap opens

Good luck
Ed

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