Trader’s Narrative

Who could have imagined that with crude oil at +$110, the transports would be one of the highest relative strength sectors out there?
Well, if the stock market was strictly logical we would have figured it all out centuries ago. This is exactly what makes trading so fascinating.
Bullish Percent
The recent swing low was in early January, […]

The early March preliminary Reuters/Michigan consumer sentiment survey results were bad enough, coming in at 70.5 and they got worse when they were finalized at 69.5 in late March.
“A recession has occurred whenever the Sentiment Index has declined as much as it has fallen during the past year, including the recessions occurring from the mid […]

It looks like it is the end of the line for RedEnvelope (REDE). The company is mired in losses, their credit lines have been terminated, and they have sent most of their employees packing. While their site is still up, there’s no telling what will happen.
Perhaps they will be wound down. Or maybe bought out […]

Alright, before we start the new trading week, here is the sentiment overview of the concluding week. There is little to write about because little has changed since the previous overview:
Sentiment Surveys
According to Investor’s Intelligence, newsletter editors are pretty much were they were when we did an overview of sentiment last week. With 36% bullish […]

Trading is deceptively simple.
After all, there are only 3 kinds of trades, and thanks to today’s technology, anyone with even a small amount of money can open an account, be linked to the exchanges and start sending off orders in no time.
But that doesn’t mean making money through trading is easy. On the contrary. It […]