It’s been a choppy month so far hasn’t it?
This is classic behavior for February. See here.
Look at this sloppy hot mess. [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
It’s been a choppy month so far hasn’t it?
This is classic behavior for February. See here.
Look at this sloppy hot mess. [Read more…]
by David
From the Desk of Kimmy Sokoloff
A complete late-day sell-off…
As JC said, February is like a hangover from the last three months.
As a trader, I’ve grown comfortable with losing.
Losing money is part of winning over the long run.
There is no winning without losing. Sounds crazy, but traders know this to be true.
We’ve all heard that losses are lessons. They are expensive lessons, but often the most valuable. Nothing valuable comes cheaply.
During the triage phase of dissecting what went wrong, we often have “a-ha!” moments that lead to new rules and new promises, and renewed confidence. “Next time,” we tell ourselves, “the outcome will be drastically different!”
This is all well and good.
Today, I currently find myself in a unique spot. [Read more…]
From the desk of Steve Strazza @Sstrazza
We held our February Monthly Strategy Session last week. Premium Members can access and rewatch it here.
Non-members can get a quick recap of the call simply by reading this post each month.
By focusing on long-term, monthly charts, the idea is to take a step back and put things into the context of their structural trends. This is easily one of our most valuable exercises as it forces us to put aside the day-to-day noise and simply examine markets from a “big-picture” point of view.
With that as our backdrop, let’s dive right in and discuss three of the most important charts and/or themes from this month’s call.
by David
From the Desk of Kimmy Sokoloff
The $SPX was saved by its 21-day moving average around 4,080 and is now trying to hold above its eight-day moving average at 4,124.
Tomorrow is monthly options expiration, so we should see more volatility.
by Ian Culley
From the Desk of Ian Culley
I prefer to focus on price when analyzing markets.
It’s what pays us at the end of the day. And it bakes in all the news and lagging economic data I tend to ignore.
A few weeks ago, I urged investors to track trends, not inflation.
Honestly, I was only half serious. I pay attention to the Fed and CPI data – mainly to stay aware of the increased volatility accompanying important release dates.
But price is king. And when I look at my charts, the narrative of easing inflation appears suspect…
by Ian Culley
It’s the weekly currency edition of What the FICC?
Despite the overarching range-bound action and intraday indecision across the currency markets, I continue to find trade setups with well-defined risks.
Check it out!
by David
From the Desk of Kimmy Sokoloff
So, either the $VIX is broken or the market is.
The VIX was down more than 15% over the past few days, whereas the market isn’t really moving.