Trader’s Narrative

The slideshow below is from the San Francisco Technical Securities Analysts Association presentation earlier this month by Martin Pring. Most of the charts are familiar and self-explanatory so the outlook that Pring offers is clear.
It jumped out at me pretty fast even as I skimmed the charts because it is the same that I’ve been […]

This is a guest post by Wayne Whaley, CTA:
From 1970-2009, going long the S&P 500 when it is 1% above its 50 day moving average would yield a 6.59% gain. Going short when the S&P goes 1% below it’s 50 day moving average would result in a 10.15% loss on your short. The net annual […]

After trading within a tight band for the past 7 previous trading days, the stock market embarked on its much awaited correction today. Last week (to the day) we went over the reasons for a short term pullback as provided by Lowry Research: distribution and an overstretched rally.
Their expectations were for a correction that would […]

Recently we looked at the 1970’s bear market as a template for today using the simple technical indicator of distance from the long term trend.
To expand on that comparison exercise let’s put aside the 1970’s for now and go back a bit further. Here’s a chart from a recent research report form CitiFX showing […]

This is a guest post by Vadim Pokhlebkin:
The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook.
Of the many forward looking market indicators we at EWI employ, one of the most interesting tools (and least discussed in the financial […]