Figure 1: Daily Trend Alphability - top five Dow stocks
Although it came second overall to Alcoa, the big yellow digging machine put down a serious marker of trending intent on Feb 11th, as the blow-up shows.
Figure 2: Daily Trend Alphability - bottom five Dow stocks
No change among the living dead. J & J still in its customary pole position, though Verizon's April 6th trend torpor looks promising - apart from a rather hyper-active lapse on the first bar of the day.
Figure 3: Daily Trend Alphability - bond futures
Overall Trend Alphability among bond futures was pretty much a replay of a subdued Q1, with T-Bonds also still heading the pack; though on its duller days the Bund looks increasingly like J & J.
Figure 4: Daily Trend Alphability - stock index futures
Stock index futures were a little less trendy overall than in Q1, though the Dax kept things moving along in late January and early February.
Figure 5: Daily Reversal Alphability - top five Dow stocks
Reversal Alphability among the top five Dow stocks was down overall in Q2, though Alcoa's to and fro on March 15th helped enliven proceedings.
Figure 6: Daily Reversal Alphability - bottom five Dow stocks
Though all things are relative, one could almost claim to detect similar enlivenment from J & J in late January. Well, a flicker of a pulse at least.
Figure 7: Daily Reversal Alphability - bond futures
As with Trend Alphability, Bunds are becoming an increasingly sluggish rear marker for Reversal Alphability, as its non-events of April 19th graphically show.
Figure 8: Daily Reversal Alphability - stock index futures
Exhausted by their Reversal Alphability exertions in late January and February, stock index futures made a lifestyle choice and took March off, before condescending to return to their desks in mid April for a spot of light exercise.