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Artwork for Markets and Systems

Markets and Systems

Michael Harris

Systematic approaches to trend, risk, and repeatable alpha.

Platform
Substack
PricingOnly free issuesPublishesDaily
Issues117SubscribersRead priceactionlab.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Backwardation in Oil Futures is Not Generally Bullish

Oil futures backwardation is a bullish signal only when this is supported by strong fundamentals because, in reality, the curve expects lower prices in the future.

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QQQ vs. IGV: The Big Divergence

The performance of the Invesco QQQ Trust (QQQ) and the iShares Expanded Tech-Software Sector ETF (IGV) matched closely until about the end of 2021, but afterward, the spread started increasing.

11 days ago
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Authors

The writers behind this newsletter.

  • Michael Harris

    Thirty-five years of market experience and 4 trading books. A pioneer developer of software for identifying price action anomalies. Analyst and hedge fund trader. I never DM anyone with offers; if you get one, it is an impersonator.

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