Trader’s Narrative

I have a nagging feeling this week will be one to remember. Whether it will be the bulls or the bears that will look on it fondly, only time knows. Here is this week’s unforgettable sentiment recap:
Sentiment Surveys
According to the Investor’s Intelligence survey of newsletter editors, we already had a dearth of bullishness, but now […]

I use Interactive Brokers as my primary broker because of their price and offering but also because they consistently improve and add new features. They put the Japanese companies to shame when it comes to kaizen.
Usually they follow the requests made by their clients - I’ve been with them long enough to remember a time […]

Double Bottom Thesis
One of the technical patterns everyone has been watching for during the recent market action is one of the most common and well known ones: double bottoms.

Thanks to yesterday’s rocket ride, it looks like this pattern now has a chance. What we need to look for next is that the low isn’t […]

The “Smart Money Index” was created and popularized by technical analyst Don Hays. It is also sometimes known as the “Last Hour Indicator” because it compares the first hour of trading in a day to the last.
The theory behind such a comparison is that the market participants vary in these two time periods. Since the […]

Remember the Top?
Today is the 8th year anniversary of the tech bubble. Yaaa…aay! Don’t feel like celebrating? I don’t blame you.
Believe it or not it has been eight years since Nasdaq temporarily peeked over 5000. Back then I had a friend who almost threw a “Nasdaq 5000 Party”. How’s that for a contrarian indicator?
Here […]