Trader’s Narrative

The market is bumping its head against a resistance range from 1400 to 1450. This area was of course, support just a few months back.
Starting from April 18th, I noticed a change in the market tone. Whereas pretty much every single indicator had been flashing buy in January, February and March, one by one, they […]

You know how, when you’re walking a dog it pays no attention to the path or sidewalk and instead, driven by the instinct to collect and archive as many smells as possible, zig-zags to the left, then pulls to the right? It takes as much distance on the leash and as much of your patience […]

In last week’s sentiment overview I mentioned some troubling signs were appearing on the horizon. For one, we were once again just below the 1400 level on the S&P 500 index.
But that this important technical junction coincided with wobbly results from indicators like the percentage of stocks above their short term moving average and […]

Although I was early, my skepticism about the growth story of Crocs (CROX) turned out to be right on the money.
The dream turned into a nightmare for the longs with an almost 40% gap down on November 1st 2007. Although it would have been very painful, the best option - in hindsight - would have […]

While the Chinese stock market bubble was brewing, a lot of people ignored it and frothed at the mouth about the over-valuation in the US market.
In keeping with that odd behaviour, while the US market has now fallen less than half the distance of the Chinese market (from their respective October 2007 tops), most people […]