Sunday, October 7, 2012

Possible Target & Stats...

Action in SPY on Friday was interesting in that it nailed the exact price advertised by a phantom bar (or a bad tick) that had occurred on Thursday.  Near the end of trading Friday, another bad tick/p-bar showed up back up at 146.81.  These "targets" seem to get taken out more times than not, so it wouldn't surprise me to see a move up sometime this week.

(Click to enlarge)

I had a chance to update stats.  For simplicity and consistency, I just used TNA for long and short trades.  I will incorporate XIV and VXX (depending on contango) beginning in 2013.  Had I used XIV for longs in Sept, returns would've been higher.  I had a pretty good finish to September thanks to XIV despite being down much of the month.


  1. The bad ticks-we call them "wicks" at marketspath and have many traders that use them for trades. They are taken out more times in not and some do take longer to get filled-but it is amazing how they work. We have been following them for over 2 years now. Good stuff.