NDX: vGRE* Week 9-Aug-2021

Volume-weighted GR-Estimator for NASDAQ-100 (NDX).

Finamatrix.AI — Analyzing data from the previous week can shed light on the coming week for NDX with genetic-optimization. Based on vGRE* there was a small spike on Tuesday followed by a gradual dip over the week, suggesting a potential downside. For the week of 2-Aug-2021 to 6-Aug-2021, there is no clear breach for vGRE*-CR but a near breach on Tuesday warns a change in price direction; 3 buy/hold signals against 2 sell/short for the week suggests an overall buy/hold strategy for the coming week albeit with limited upside.

NDX: 1-Jan-21 to 6-Aug-21.
  • For the week of 2-Aug-2021 to 6-Aug-2021, NDX ended higher at 15,109.
  • The vGRE* spiked on Tuesday (3-Aug-21) followed by a gradual decrease, indicating a potential downside for NDX for next week.
NDX-vGRE* 1-Jan-21 to 6-Aug-21.

The first derivative of vGRE* or the Continuous Return (CR) statistic is also reported for 2021 YTD (6-Aug-2021) to serve as a check for the stationarity of the vGRE* statistic. vGRE*-CR should be a stochastic process with constant variance and a change of variance indicates deviation from the normal and deserves attention for the specific period.

For the week of 2-Aug-2021 to 6-Aug-2021, there is no breach for vGRE*-CR and stayed within the CR-statistic range of -0.5 to 0.5 although on Tuesday (3-Aug-21) the CR-statistic jumped close to 0.5, suggesting a flat NDX direction.

NDX-vGRE*-Sig from 6-Jul-2021 to 6-Aug-2021.

In addition, the genetic-optimization of the golden-ratio estimator produces a value-added statistic where we name as Signal (Sig). The signal of 1 (buy/hold) and 0 (sell/short) are reported per trading day. For the week of 2-Aug-2021 to 6-Aug-2021, it starts off with a 1 and alternates to 0 and ends on Friday (6-Aug-21) with a 1 sig. 3 buy/hold with 2 sell/short signals suggest an overall buy/hold signal for the week of 9-Aug-2021 with limited upside. View: Full Database (since 1985).

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