Trader’s Narrative

For the past few days I’ve noticed that someone has bought a slug of ads targeting my blog’s audience through Google Adsense’s site targeting feature. After seeing the same ad over and over again I got curious and being careful to not click my own ads, I instead typed in their URL in my browser.

I […]

The Commitment of Traders (COT) report is issued by the Commodity Futures Trading Commission (CFTC) and shows how small speculators, commercials and large speculators have placed their chips in the futures markets.
In contrast to other indicators like sentiment, it is an invaluable source of market information because it objectively lays out how the three […]

It pays to step back once in a while and take a really long term view of things. Here’s a graph of the Shanghai Composite since its beginning in the early 1990’s.
The chart is log scaled so that each price movement represents the same percentage distance on the graph. This is a must when looking […]

Before I delve into the current state of the utilities sector, allow me to do some accountability and revisit my last post: Deceptive Relative Strength in Utilities. That was at the end of July 2006 and the best that my bearish call on the sector did was see it trade flat for the next two […]

If you’ve read this blog for some time you know that I’m a great fan of popping the hood on price and looking at what is really driving the market (Market Internals). One great indicator is the advance decline number which shows you, on any given day, how many stocks closed up and how many […]