Quantifiable Edges

A couple of years ago on the blog I showed a study suggesting that Labor Day week performance has been somewhat dependent on whether the market has rallied over the 20 trading days...

One notable from Friday was that the number of NYSE new highs expanded to the largest number in over a year. That’s quite remarkable considering the SPX closed at a 50-day low just 4 days ago....

I’ve shown numerous studies in the past that suggest uptrends often become choppy before they ultimately end. It is highly unusual for an uptrend that is showing strong persistence to abruptly...

Fed Days have a long history of showing a bullish tendency, and we have a large number of Fed Day studies to refer. For those that are unaware, a Fed Day is simply a day where the Federal Reserve...

Below are the nine S&P 500 sector ETFs and their performance for the 14 days heading into the December 24th market bottom, and then their performance for the 14 days since. As you can see, the...

The Quantifiable Edges Capitulative Breadth Indicator hit 20 on Friday. That is just the 12th time since 1995 that the CBI reached that high. A very high CBI reading implies that there is a...

Over several time horizons op-ex week in December has been the most bullish week of the year for the S&P 500. The positive seasonality actually has persisted for up to 3 weeks. I’ve shown...

I have seen a fair amount of hubbub about the Russell “Death Cross” that is happening today and the potential bearish implications for the market. A “Death Cross” is a catchy...

Today I decided to look at S&P 500 performance following past mid-term elections. I did not find much that suggested a strong edge. Below is a look at results since 1970 following mid-term...

The market tested its recent lows on Tuesday, and that may have washed out the sellers, at least temporarily. Tuesday did not see a “turnaround” with a higher close, but it did manage to...

Friday is generally not terribly reliable in being a day where the market bounces from a low. It is one of the least popular days for this to occur (along with Wednesday). But a potential positive...

Strongly oversold markets often contain a short-term upside edge. Of course oversold can always become more oversold. Wednesday took the SPX down to a 50-day closing low. Additionally, many short-term...

I have spoken a fair amount lately about the “split” market, and how that has historically been followed by declines. But not all kinds of splits are bad. Wednesday we saw the SPX rise...

S&P 500 closed at a new all-time high on Friday. But NYSE volume came in at the lowest level since mid-July. Low volume at new highs can sometimes be a negative. Of course August frequently has...

Opex week often carries some bullish seasonality. Pullbacks into strong seasonal periods will often offer substantial edges. The study below utilizes this concept and examines pullbacks of at least 3...

After the market close on Wednesday, Facebook (NASDAQ:FB) released earnings, and the news and future outlook was not viewed well. After closing at an all-time high on Wednesday, it traded down in...