SOX Gives Intermediate-Term Bullish Market Indication

Cobra

A positive intermediate-term sign Wednesday was the fact that the Semiconductor Index (SOX) rose even as the S&P and Nasdaq suffered 1% declines. I first showed the below study on the blog last August. I’ve updated the stats to run up until the present.




These are solidly bullish results with the winning percentage, the profit factor, and the average trade all posting strong numbers throughout the test period.

Not shown above is that over the next week the S&P has posted a close higher than the trigger day close 89% of the time. If you look out 12 days there has been at least 1 close higher than the trigger day in 42 of 43 instances (98%). The only loser came after the 7/21/98 signal. This has been a solidly bullish intermediate-term signal.

源济

Thanks!

target1

Thanks a lot!

oldfat

casper

今天看烟火的可能比较大.

金牛银熊

这些老熊早就先知先觉了。
自古华山一条路啊！！！

hutongchuanzi

佩服老蛇。

benben

1# Cobra

Thanks, Lao Da.

Amy999

globe

thanks a lot

shi33

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leftright

thank you for sharing

NewMember

Thank you for the update.

ychen222

INTC and XLF jump big while others lag. Let's see....

Maotao

Thank you Lao Da!!

newnewhand

thanks for sharing!

CoolMax

plankton

Thanks Cobra!

dong_wd

thanks and support

waterbull