Trader’s Narrative

The rise of Web 2.0 is really the repackaging of old ideas with a few new technologies. One of the hottest trend in ’social networking’ websites are those focused on the stock market & investing.
Those that were around for Web 1.0 will remember the original investment social networking site: Marketocracy. It allowed anyone to […]

Any one else find it ironic that a private equity firm is going public?
No? Well, it must just be me.

Late yesterday the upcoming IPO of Blackstone Group (BX) was priced at the higher range: $31. Trading will start sometime today in New York.
One of the concerns is that as a public company they will not […]

One of the eternal battles within technical analysis is the relationship between price and volume. Some argue that volume is not important at all. Especially when different exchanges have different methods for calculating it and different market data sources provide slightly different volume data.
Others have gone so far as proclaim the relationship between price and […]

Tells you a lot about the sort of market we’re having when after only a -1.36% move, the bears can be said to have flexed their muscles and roared a bit.
But for a strong down day, its surprising how muted the damage was.
Put call ratios didn’t budge. The CBOE put-call ratio was only 0.62 […]

I received a lot of questions regarding my post on the extremely bullish commitment of traders report. So let me explain it and answer the questions that were raised. Then I’ll cover the most recent COT report and its significance.
What is the COT?
The Commitment of Traders report is a static snapshot of how the 3 […]