Trader’s Narrative

The following charts are from Jason Goepfert, of SentimenTrader.com, showing his proprietary indicator called the “Panic Button”.
This indicator measures stresses in the credit market and is expressed as standard deviations from the norm. So a 2.0 means that the aggregate measures are 2 standard deviations from their usual or normal place. Yesterday it reached 9.5 […]

Monday’s jarring market woke everyone up from the snooze fest we’ve had to endure recently. The 500+ point drop reminded those who were around then, of the 1987 crash. But of course, there was a world of difference between the two Mondays. Today’s bounce is, believe it or not, the normal thing for the market […]

Far be it from me to criticize a luminary of technical analysis but it certainly appears that Richard Russell is confused.
For those who are unfamiliar with him, Richard Russell is known as the Sage of the Dow for his expertise in Dow Theory. He has been writing about the market non-stop for more than 50 […]

At the risk of wearing out the welcome of this technical indicator…
Towards the end of June, something quite rare happened. Something that hadn’t happened in the stock market for more than 5 years!
… zero Dow Jones Industrial component stocks traded above their 50 day moving average.
The last time we saw this was in January and […]

If you want to totally ignore September, I don’t blame you. Historically, that has been the smart thing to do:

Source: Alan Newman’s Cross Currents
The famous Wall St. adage: “Sell in May and go away!” suggests that you buy at the start of November and sell at the end of May. There is nothing magical about […]