We are back with another episode of The Money Game Podcast with Phil Pearlman. Today we talk about the inability for some people trade US stocks from the long side due to biases stemming from past experiences. This is a real thing that we see constantly. So we talk about the causes, being aware of these feelings and what can be done to overcome these hurdles. I’m lucky that I’ve been through enough bull market and bear market cycles to not get stuck into betting on just one side or the other. But some people have a real fear of admitting they’re wrong and turning bullish at, what they think might be, precisely the wrong time. Some of this is driven by ego and some is just irrational anxiety. This is a really important conversation and one that I will likely listen to again several times over in the future.
[Read more…]
[Premium] Monthly Conference Call Video Recording September 2019
This is the video recording of the September 2019 Conference Call.
[Options] Heading South From KC
Okay, having a play in mind for Kansas City Southern $KSU made the title of this post low hanging fruit. Captain Obvious, this guy.
Our boy JC here at All Star Charts went shopping this weekend and couldn’t help catching a glimpse of the cover of this week’s Barron’s attempting to instill fear into the hearts of Railroad investors. He, like me, is a natural skeptic of headlines. So he dug into the sector and was not surprised to see price action telling a different story. One of the most compelling charts to me is the one for $KSU and I’m liking the route these tracks are headed. [Read more…]
[Chart of The Week] Is It Really THAT Simple?
From the desk of Tom Bruni @BruniCharting
We look at a lot of charts every week, so it’s not surprising that we often come across charts that look “too simple.”
A setup we’ve seen thousands of times or a trend that’s reaffirmed itself time and time again, yet I always find myself being skeptical of a chart that looks textbook in nature.
Today I want to take a look at one of those charts.
Mystery Chart 09-17-2019
From the desk of Tom Bruni @BruniCharting
New Mystery Chart!
For those new to the exercise, we take a chart of interest and remove the x/y-axes and any other labels that would help identify it. The chart can be any security in any asset class on any timeframe on an absolute or relative basis. Maybe it’s a custom index or inverted, who knows!
We do all this to put aside the biases we have associated with this specific security/the market and come to a conclusion based solely on price.
You can guess what it is if you must, but the real value comes from sharing what you would do right now. Buy, Sell, or Do Nothing?
Weigh All The Evidence! How Stock Market Analysis and Blind Tasting Wine Are Exactly The Same!
We’ve all been there and we’ve all seen others do it to. We get one data point and then all of sudden we’re drawing direct conclusions based on that number. Think about how silly it sounds to make decisions based on a government report or even single chart or “technical pattern”.
The first thing we need to do is take a deep breathe (We live better when we’re breathing). Then we want to ask ourselves, “Ok, this is new data. How does this fit within the context of all the other data points”. We also want to identify how much weight we want to put on this particular data point.
It’s funny, when I first started studying for Sommelier exams, I caught myself doing the same thing. Instead of looking at the wine, smelling it, tasting it, thinking about what it could possibly be and then coming up with a guess, I was already making guesses just by looking at it. Light body? Pinot Noir!!! Heavy tannin? Napa Cab!!! Low acid white? Viogner all day baby! Wrong, Wrong and Wrong again!
I was making the same mistake people in the markets do every day. Even some of the best blind wine tasters do that too. They’re already thinking about a conclusion without even going through the process first. That’s not a recipe for success.
Let’s take a step back, evaluate all of the data, weigh the evidence responsibly and then come up with our conclusions. This goes for both market analysis and blind tasting wine! [Read more…]
[Options Premium] Structural Breakout
You’ve got to love a stock breaking out of a seven-year base and doing so with options pricing in the lowest volatility levels all year. And when it is in a strong sector that has been among the leaders all year, I’m licking my chops. [Read more…]
Banking On These Canadian Sectors Gaining Energy
From the desk of Tom Bruni @BruniCharting
The TSX Composite is peaking its head out above resistance and into the fresh air of all-time highs, but can the recent strength continue?
Today we’re looking for answers in two sectors that matter, Financials and Energy, which account for roughly 50% of the index’s weighting.
- « Previous Page
- 1
- …
- 616
- 617
- 618
- 619
- 620
- …
- 953
- Next Page »