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Strategies & Market Trends : General market lab and commentary
SPY 675.37-1.2%4:00 PM EST

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To: Robohogs who wrote (520)7/3/2016 10:05:52 AM
From: Robohogs   of 668
 
One more interruption. For XBI, 2 down 4% days only has happened 10x. All 9 past cases were up at 13 weeks, all but 3 less than the current return 4 days after this time (12+% already). 3 out of 4 days up 3%+ is a first btw. Relaxing to lower thresholds gets a few cases with returns mixed.

Getting 2 big down days (2%) followed by 3 of 4 big up days (2%) has happened only once, during the 2008 crash. The up days got to 5-6 straight btw. Returns were highly negative at 4 and 8 weeks. Barely + at 13 weeks.

So it would appear we used quite a bit of our fuel already recovering the mini-meltdown from Brexit.

Other indicators signaling more up though.

Jon
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