Trader’s Narrative

While most of the trading blogs were dissecting the hows and the whys of the Vonage IPO disaster, not much thought was give to another very high profile IPO waiting in the wings.
Today, MasterCard debuted. And what a debut it was! MA started trading in the morning at $40ish, above its lowered offering price of […]

A lot of people focus on the absolute number of the VIX. Some (being a bit more astute) focus on the relative number of the VIX. While others still, focus not on any number but on the VIX’s fluctuations.

Last year, a contributor to the EliteTrader forum mentioned that everytime the VIX drops by 10% or […]

According to AMG, mutual fund and ETF investors have been spooked by last week’s market drop and pulled out major coin. “Including ETF activity, Equity funds report net cash outflows totaling -$3.860 billion in the week ended 5/17/06…”
But more interesting is that several sectors have borne the brunt of the selling:
“Excluding ETFs, Energy funds report […]

According to the Bradley model, May 20th was the most recent turn date. In Bradley terminology, this only denotes a time when (+/- a few days) a major trend change will happen. Technically, the direction is not predicted. But since it anticipates a trend change, all we have to do is identify the trend up […]

I just found a very cool tool over at the NY Times website which allows you to quickly identify high relative strength stocks. I love the graphical user interface. It is very intuitive and makes using the tool actually quite fun.
Each stock is represented by a circle whose size denotes market capitalization. All the stocks […]