IWM weekly 2010-04-03 observations

Since the last couple of weeks the results of the percentile rank of IWM’s weekly RSI(10) study gave a good frame for the next week, here are the numbers for this week.  I looked at 3 consecutive rises (actually greater or equal) to prior weeks ranking, and the last week was over 95% (based on the prior 2 years weekly RSI(10) readings).

intraday high intraday low week close open high low
median 1.36% -2.06% -0.82% -0.09% 0.64% 0.73%
<0 1 22 14 14 9 9
>0 23 2 10 10 15 15

So, a bit contradictory – the median low is greater than median high, and the median close is lower by .82%.  More times it closed lower than higher.  On the other hand, the high and low of the week is usually higher than the high/low of the prior week.

Furthermore, see recent tweets by trading the odds showing bullishness of the beginning of April.  My own findings, looking at the first full week of April (as opposed to the the first trading days of April) shows the closing price the last day of the week is usually less than the opening price for the week (with 2 out of the last 3 years being the exception!):

Date Open Close change open change prior close
4/6/2009 44.99 46.64 1.65 1.01
4/7/2008 71.66 68.74 -2.92 -2.42
4/2/2007 79.61 80.44 0.83 0.99
4/3/2006 76.12 75.01 -1.11 -0.96
4/4/2005 121.44 121.3 -0.14 -0.34
4/5/2004 120.47 119.11 -1.36 -1.29
4/7/2003 76.15 73.84 -2.31 -0.69
4/1/2002 100.1 99.1 -1 -1
4/2/2001 89.55 86.4 -3.15 -3.2
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