Trader’s Narrative

This is a guest post by Wayne Whaley, CTA:
I recently posted research on the 40 year (1970-2009) track record of various simple moving average crossover systems on the S&P Cash Index in a post titled “The 200 Day Moving Average Is Your Friend“. See that link for details, but a summary of those study […]

“Cash on the sidelines is bullish for stocks.” Have you ever heard some stock market pundit utter these words? Have you ever wondered if the statement were true? Read this item from the latest issue of The Elliott Wave Financial Forecast, and you’ll wonder no more:
Myth — Cash on the sidelines is bullish for stocks. […]

This is a guest post by Wayne Whaley, CTA:
There are many different variation of thrust models. Some are based on price, some on volume, and many on breadth. Thrust is a way of measuring how much testosterone a market’s rally exhibits. One of my favorites is the Five Day Breadth Thrust Model defined as:

Thrust […]

On Wall Street copper is give the title of “Dr. Copper” because of its ability to predict future economic activity. When the price of copper falls relative to its prior annual price, we usually head into a recession. But we can’t look at copper priced in dollars - they are useless after all, aren’t they? […]

While a lot of attention has been rightfully given to the US market of late, the tape half a world away in China’s Shanghai stock market deserves equal, if not more, scrutiny. As you can see from the chart below, China was among the very first equity markets to hit firm ground late in 2008. […]