Trader’s Narrative

As Sears Holdings was gapping up yesterday and rising, institutions were dumping their holdings. And they are continuing to do so today as SHLD shows no signs of letting up:

Blue and red arrows indicate institutional buying and selling. Source: Thomson.
The strong relative strength of SHLD reminds me of Google in October 2005. As the wider […]

The cumulative tick indicator was invented and made famous by the market wizard, Mark D. Cook. Since the indicator is proprietary, Cook hasn’t divulged its exact calculation but he has mentioned that it is a cumulative measure of tick for n days. Tick, of course, being the measure that tells us the net of all […]

According to the Hulbert Stock Newsletter Sentiment Index, newsletters have capitulated in the face of the recent market drop. From May 10th to yesterday, they reduced their market exposure by 42.6% points.
The last time sentiment was at this level was November 2nd 2005, when the Dow stood at 10,473. So “despite the Dow being some […]

When a stock swims upstream, and does so in the face of a market meltdown… you can’t help but to take notice. Especially when it is one as well known as Sears Holdings:

As you can see, price gapped up in pre-market; but even before today’s action, if you look on a daily chart you’ll notice […]

Every once in a while I check in with the Canadian REITs to see how they are doing. I can’t believe there are about 30 REITs now - it seemed just a while ago that there was hardly a dozen. For a complete list of the REITs that are included in my scan, skip to […]