Elliott Wave Analysis of USDJPY – June 1st, 2026
USDJPY posted a modest 7‑pip rise, marking its third consecutive weekly gain and keeping the pair anchored around the 160.00 psychological threshold. The move reflects continued risk‑on sentiment despite lingering concerns over a potential Bank of Japan (BOJ) intervention. Elliott Wave analysts see the current structure as supportive of further upside, but the 160 level remains a critical barrier. Market participants are closely watching whether the yen can break this resistance or trigger policy action.
Survivorship Free Momentum And Trend-Following Strategies
Survivorship bias can silently inflate backtest performance by omitting delisted or bankrupt stocks. Michael Harris demonstrates the effect with a simple trend‑following rule that earns 7.7% annually on the Dow 30 when survivors only are used, but drops to 5.6%...
Standard Error Bands Trading Strategy for Individual Stocks
The article introduces a Standard Error Bands (SEB) trading strategy that plots upper and lower bands a set number of standard errors above and below a linear regression trend line. A backtest on all S&P 500 constituents from 1990 to the...
Bitcoin Analysis Today: BTC Tries to Turn the 72,900 Flush Into a Bullish Pivot
Bitcoin futures slipped to a low of about $72,900 before snapping back above the 73,145 and 73,350 high‑volume zones. The rebound is viewed as a tactical repair, but the market remains neutral until price sustains above the VWAP‑aligned 73,750 level....
Gold Continues to Slide Amid Lack of US-Iran Breakthrough and Hawkish Fed Risks
Gold slipped to a new two‑month low, hovering around $1,945 per ounce, as the anticipated US‑Iran diplomatic breakthrough failed to materialize and Federal Reserve officials grew increasingly hawkish. The lack of a cease‑fire and the continued closure of the Strait...
Micron Takes SPX, NDX To New Highs. Oil and Yields Ease.
Micron Technology surged 20% after its market value crossed the $1 trillion threshold, propelling the S&P 500 and Nasdaq to fresh all‑time highs. The rally was supported by a modest decline in crude oil to roughly $94 per barrel and a pullback...
KOSPI Hits All-Time High (+2.55%): Electrical Components and Transportation Equipment Lead
The KOSPI surged to an all‑time high of 8,047.51, up 2.55%, as domestic institutions absorbed foreign selling in semiconductor‑related stocks. Institutional short‑selling rose sharply to 38.57%, while net buying reached roughly 910 billion KRW (≈$680 million). UBS tripled Micron’s price target, triggering...
Bullish Harami: A Small Candle With Big Reversal Potential
The article examines the bullish harami candlestick—a two‑candle reversal signal—by backtesting it on the S&P 500. Over 162 instances, the strategy yielded an average 0.77% gain per trade, a 64% win ratio, and a 16% compound annual growth rate while the...
Are All Time Highs Coming Next Week? May 25/26 Plan
The S&P 500 E‑mini (ES) has settled into a sideways range after a multi‑week rally, with support around 7355‑7377 and resistance near 7458. The newsletter highlights a "Failed Breakdown" pattern, which the author says is how institutions accumulate positions by trapping...
🎯 Take Profit Alert: BROS Cash Secured Put 73% Captured
An options trader closed a June 5 $49 cash‑secured put on BROS after capturing roughly $115.50, which represents about 73% of the $158 premium collected. With 15 days left until expiration, the stock remained above the strike, allowing the trader to...
A Mean Reversion Strategy for Semiconductors
A rules‑based mean reversion model targeting semiconductor ETFs was backtested from the launch of SMH to the present. The system generated 124 trades, delivering an average 1.1% gain per trade and a 78% win ratio. It produced a 5.5% compound...
Larry Connors' RSI Strategy Still Performing Well
Larry Connors' two‑decade‑old RSI mean‑reversion strategy continues to deliver strong performance in modern markets. A backtest on the Nasdaq‑100 from 2000 to 2026 shows a 10.7% compound annual growth rate, 71% win ratio, and a profit factor of 2.1 while...
Indicator of the Day (Video): NYSE New 52 Week Highs
The NYSE New 52‑Week Highs index ($NYHGH) chart for May 18 2026 shows daily closing levels and volume alongside the S&P 500. The indicator tracks how many NYSE‑listed stocks are hitting fresh 52‑week highs, a proxy for market breadth. Recent data reveal a...
💡Trade Idea for Monday, May 18, 2026
The author recommends a cash‑secured put on an unnamed stock that has pulled back after a sharp earnings‑driven rally. A new strategic partnership has prompted an increased price target and a more bullish outlook. The trade shows a 77% Probability...
SPX Finally Gets A 1% Dip. Will It Get Bought? May 18 Plan
The S&P 500 e‑mini (ES) posted a roughly 1 % dip on May 18, falling to a low of 7,421 before rebounding. The move illustrated a classic "failed breakdown," where institutions use sharp sell‑offs to trap short sellers and accumulate positions....