Trader’s Narrative

I suggested yesterday that the overnight and pre-market range would be a good market tell for what we had in store today.
I really meant what the market would do after it had set this range. The classic interpretation is that if it breaks down, a lot of people would be disappointed and in a loss, […]

You’d have a headache too if you had his job.
We’ll never know how the market would have traded without the Fed rate cut but I have a feeling it didn’t make much of a difference.
I’ve been telling the Fed to cut rates since last summer so if you’re one of my 4 long term […]

While everyone waited for the open of today’s market with bated breath, the word crash was thrown around like confetti. Retail investors crapped their pants (again). Here are a few frontpage stories from digg:

That’s notable because digg occupies itself usually with technology and science news. The stock market and the economy rarely make it to […]

While the US market was closed for Martin Luther King day, markets in Europe declined in what can only be described as a panic.
Lets throw some scary numbers around: Toronto fell almost 5%, Mexico -5.4%, the MSCI World Index fell 3%, the European Stoxx 600 -5.7%, the FTSE -5.5%, the DAX more than -7%, in […]

My continued bullishness may be seen by some as stubborn, but after looking at the sentiment out there, what other position can you take?
Option Traders Freak Out
The ISEE index recovered from a low of 60 - a low enough level to show severe panic in retail option traders. Although we don’t have long term data […]