Trader’s Narrative

Last summer, on June 2007, to be precise, I wrote that the caution was warranted for energy sector. Let’s take a look to see how I did and what lies ahead for this area of the market.
The energy sector managed to push a little bit higher in July 2007 but it then succumbed to the […]

Sprott, a young Canadian asset management firm, is going public next week. This might be a market tell. Or it may be nothing.
The reason why I bring it up is not because of Sprott’s size or significance to the market. It is after all tiny, managing only $7 Billion - in the world of asset […]

The sentiment landscape has changed much from just a month ago:
Sentiment Surveys
The AAII sentiment survey came in this week at 53% bulls - unchanged from last week. Not only is this a very high bullish reading for this indicator, it is the level at which the market topped out last October. Furthermore, the fact that […]

It never ceases to amaze me just how horribly wrong regular people are as a group when it comes to timing the market. There is a whole cottage industry around trying to gauge their sentiment so it can be faded.
Being a contrarian isn’t as easy as simply doing the opposite of what the non-professional […]

I’ve updated the list of social networking website devoted to trading/investing with these four:

Cake Financial
MarketGuru
Mint
Wikinvest

Is this completely new to you? Then you are in for a treat! Think of it as facebook meets Wall St.
If you are already familiar with one or two, or even be a member of a site… it’s worth looking over […]