Trader’s Narrative

This is a guest post by Wayne Whaley, CTA:

Before presenting my latest seasonality study - which may be the most statistically significant - here is a short summary of the previous three studies that I have shared with you. Enjoy.
End of Year Positive Bias
Since 1950, the average annual return on the S&P 500 index has […]

This is a guest post by Wayne Whaley (CTA):
I’m not sure whether this market reminds me more of my grandfather’s beagle puppies or the current Secretary of State’s husband, but either way he (the market) doesn’t seem to be inclined to hang around the house for long. It looked like this market might show […]

Guest post by Wayne Whaley, CTA
Valuation is a funny bird because we are forced to use trailing information to attempt to estimate whether the market is fairly priced relative to future information (earnings) and there is substantial guesswork involved.
This allows analysts a great deal of flexibility to mode the statistics to serve one’s agenda. […]

Guest Post by Nico Isaac
The following article includes analysis from Robert Prechter’s Elliott Wave Theorist. For more insights from Robert Prechter, download the 75-page eBook Independent Investor eBook. It’s a compilation of some of the New York Times bestselling author’s writings that challenge conventional financial market assumptions. Visit Elliott Wave International to download the eBook, […]

Jeremy Grantham declares most of the easy money made in his latest quarterly letter from GMO. I respect Grantham as one of the few ‘elder statesmen’ of the stock market because he approaches it with an impressive amount of perspective and discipline. No doubt, a result of having survived many market cycles.
He was one […]