Trader’s Narrative

A recent research report from CitiFX Technicals argues that this is a healthy correction for the equity markets and not the start of a “big meltdown”. Citi foresees a possible move all the way to the 200 day moving average which is at approximately 1100 on the S&P 500 index. But they also note that:
…on […]

This is a guest post by Wayne Whaley (CTA):
Bearish Concerns

January, which is a bell cow for the rest of the year, was down 3.7% (S&P 500).
Too many in the bullish camp. In early January, the Investors Intelligence numbers showed 3 times as many bullish newsletter editors as bears.
A few market experts (like Grantham and […]

I’m going to analyze the chart of Microsoft (MSFT) through the techniques outlined in Stan Weinstein’s book, Secrets for Profiting in Bull and Bear Markets. This is a response to a request for help in my previous post about Stan Weinstein and stage analysis. Newbee writes:
I have read the book and found it interesting and […]

I had the opportunity to chat recently with Matthew Claassen (CMT) about his views on the market and what he sees ahead. Matthew’s work caught my attention because he turned bullish early on in 2009 when very few did so. As well, one of the indicators that helped him at that time was the same […]

A few months ago we looked at the behavior of the stock market when it roams too far away from its long term trend line: What Happens This Far Above The 200 Moving Average?.
Usually when the relative distance from the 200 moving average hits +20% the market has a tough time pushing ahead as […]