etfmsolutions: S3 Kind of Day + IWM 3 day low study...06.04.15

Thursday, June 4, 2015

S3 Kind of Day + IWM 3 day low study...06.04.15

Yikes! That was bad. Dow down 170 and VIX up 11.5%. The Ergodics/ADX were out of sync most of the day and the volume was about 7% above average. Friday looms tomorrow and the expectations are bearish although we may see some early session recovery based on after hours action today.
Below not a study of the IWM (Russell 200) using the 3 Day Low model posted yesterday. I'd be lying if I didn't admit frustration with recent LM performance and the 3 day low model is in the running as a possible replacement. We'll look at a couple other target ETFs on Friday and/or over the weekend but the signals so far have demonstrated some attractive metrics.

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