Per Diem: 3 Mar 2015

Good evening


For the S&P 500, the last 100 times the 1st trading day of all months closed up, the 2nd trading day has a 60% winning ratio, with .12% average returns.


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2nd trading day of March

• SPX, 40% winning ratio with -.05% average returns (last 2 closed up)
• R2K, 55% winning ratio with -.02% average returns (last 2 closed up)
• AGG, 27% winning ratio with -.13% average returns (last 2 closed down)

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Tuesday's are getting better…

• SPX, 55% winning ratio with -.05% average returns (last 4 closed up)
• R2K, 55% winning ratio with -.04% average returns (last 4 closed up)
• AGG, 55% winning ratio with .02% average returns

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AGG, 30-min

• Price failed to recapture 50% of wave AB and has dropped out of the blue box
• A measured move down from wave 1-2 suggest a re-test of the bottom at B
• Heavy volume (I'll talk about that at the bottom of the page)

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SPX, 30-min

• 2103 has been tested 4 times (QUAD support)
• Trendline 1-3 was tested for a 2nd time, and for the 2nd time, buyers stepped in (Vol-Spike)

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W4500, 30-min

• Priced closed off the highs, creating a Triple Top

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Transports, 30-min

• Both trendlines 1-2 and 3-4 were breached, with the recovery of trendline 1-2 in progress

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NASDAQ 100, 30-min

• Fresh set of 52-week highs

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This is a picture of my Google News Feed's Top Stories. Normally it is full of junk like Kanye West or Taylor Swift, today it's listed "NASDAQ" if this isn't a warning of a top, I don't know what is.




As for AGG, today's volatile close was in the bottom 4% of all 2800+ trading days and today's volume was the heaviest ever!

Trade what you see, not what you read…Jason

 

[MrJohnRoss]

Nice work Jason.