With due respect to all the advanced math and creative indicators, I'm not sure this market is ANY more complicated that a double top and a fill-the-gap situation for the S&P. Sure looks to me like we're headed to a level between 5125 - 5250 before we see any meaningful reversals. Come back in October, I think...
I often get asked to add some of the indicators I use in certain situations here and there. What you mentioned is one of the reasons I’m always hesitant to add more indicators. But overall, here's the purpose of the current ones:
Bandbreaker is for tracking when the market is oversold (works very well on QQQ).
Hedge strategy is, as the name suggests, for hedging. There's one other sub-indicator of the Hedge that I provided access to when it was always triggering the strategy (our breadth-related indicator). I will probably wrap this one into the Hedge like I did with the new one.
Margin indicator helps identify where it is less risky to use margin.
Took the long today, looking for a bounce!
With due respect to all the advanced math and creative indicators, I'm not sure this market is ANY more complicated that a double top and a fill-the-gap situation for the S&P. Sure looks to me like we're headed to a level between 5125 - 5250 before we see any meaningful reversals. Come back in October, I think...
Dear Vincent, thanks for the update. Great stuff, as always!
Still love the thumbnails.. :-)
Cheers
Thank you for the updates.
Which of the indicators is suitable to use on individual securities?
With so many indicators it is beginning to get a little overwhelming. I am glad the new Risk indicator consolidates some of them.