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Strategies & Market Trends : General market lab and commentary

SPY 675.37

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4:00 PM EST

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From: Robohogs	7/18/2016 5:18:18 AM
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Too late as usual. I just noticed (actually noticed then but did not think about it) that XBI closed marginally down on Thursday while Advancers led Decliners by more than 10 components. This has only happened 7 times previously with 6 up and 2 down (including this time) the next day and 5 of 7 up a week later, and with 4 crashes, 1 bull run (20+%), and 1 moderate gain and loss 65 days forward (13 weeks). The data on this type of indicator to my mind only works over short periods as this is a technical ST indication. That being said, long term data is bad - but it just so happens to pick up 4 dates which start before the big down in January but have 13 weeks ending after. One always has to be careful dismissing observations, which is an issue with these technical studies I do. But in this case, be aware the data is out there but dismiss it unless we start to cascade lower. The two down weeks were pretty bad but again, I think it is luck of the draw as 5 were up. Some of it is luck of timing - happens in highly volatile markets so a chance you hit a down cycle in measurement.

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