Trader’s Narrative

Head and shoulder formations are one of the most fundamental technical patterns. They are arguably one of the easiest to recognize on a chart and are almost always found at turning points in price. Right now we are seeing the S&P 500 Index (SPX) carving out what looks to be the right side of a […]

My last book giveaway was Tim Sykes book “An American Hedge Fund” so with this new book it seems we are continuing a “hedge fund” theme …
“Hedge Fund Trading Secrets Revealed” by Robert ‘the Hawk’ Dorfman.
Dorfman runs the SilverHawk Fund out of Costa Rica and before that used to work for Jim Mellancamp of […]

Alright, so we have our change. But what’s after change? what’s comes after hope? Is it safe to venture out to put the pieces together again?
To find out, take a look at this weekend’s reading list from news.tradersnarrative.com:

Aftermath: Woe is us
Using TICK to find inflections
Why Peter Schiff’s stock is rising
This bear market a pup […]

Here’s this week’s sentiment overview:
Sentiment Surveys
Let’s start with the most common sentiment measures:
The AAII came in this week at 27% bullish and 46% bearish - little changed from last week (one percentage point variation, if you are that curious).
ChartCrafts’ Investor’s Intelligence results this week shows a bit more movement with the bulls and bears returning […]

Here’s an up and coming sentiment tool that I discovered recently. It is released weekly by the National Association of Active Investment Managers (NAAIM), a non-profit association of registered investment advisors formed in 1989. Since the (200 or so) member advisors provide active money management services to their clients, as opposed to buy and […]