Trader’s Narrative

Last week the Nasdaq new highs, new lows indicator was just under 30 and I mentioned that although it had dropped it had yet to reach an extreme level which would presage a bounce.
After yesterday’s red day, it fell to just under 15. That’s low, but still I’d like to see it reach below 10 […]

Usually I try and avoid pontificating on the VIX because Bill over at VIX & More does a fantastic job of examining volatility in all its shapes and sizes. You could say that he picks up the VIX by its scrawny neck and bashes it about until the poor statistical measure gives up every drop […]

The trend in the fund flows data continues. Investors are shunning the US stock market and embracing the international equity markets.
According to AMG Data: for the month of May 2007, domestic funds reported an outflow of $5.2 billion while non-domestic funds report net inflows of $11.6 billion.
For the month of June 2007, domestic funds […]

Over the weekend, Barron’s coverstory was “Where’s the little guy?”. Basically it pointed out that while the market has gone (almost continuously) higher, there has been a lack of participation from the “little guy” or retail investor.
This is something that I wrote about at the beginning of May, when I asked, Where are the retail […]

Over the next few months and even till the end of the year, I’d be willing to “forecast” that we will close higher, but for the next few days and weeks, the market may be heading into some kind of a short term top or choppy trading.
I was looking over some different indicators to take […]