Trader’s Narrative

About a year ago I wrote about how the stock market resembles a dog on a leash. Prices fluctuate from the trend, sometimes in extreme spikes which mark important inflection points.
I thought I’d revisit the idea by taking a long term look at the S&P 500 and comparing how it has fared to its own […]

While the general market, tracked by large indices like the S&P 500 (SPX), fell to lower levels than late last year, there are pockets of strength in some sectors. One sector that is showing surprising strength is the seminconductors:

Not only has it put in a higher low, it is close to breaking out in its […]

Final days of the Hedge Fund Operational Due Diligence book giveaway. Follow the link and submit your email for entry into the draw. Yup, that easy.
Here are just a few picks from the past week’s reading list at news.tradersnarrative.com. Follow the link below to get much, much more:

The Quiet (Lobbyist Lead) Coup
Eternal Struggle: Stocks vs. […]

Here’s this week’s sentiment wrap-up:
Investors Intelligence
According to ChartCraft, the keeper of the Investors Intelligence weekly stock newsletter sentiment survey, we had a small increase in bulls to 28.4%. And about the same magnitude decrease in pessimism to bring the bears to 44.3% of respondents.
This week’s low level of bullishness provides some hope but compared to […]

Final chance to get in on the book giveaway: Hedge Fund Operational Due Diligence
(follow link and submit comment)
At the beginning of the year, fueled by a cocktail of optimism and the famed Santa Claus rally, the market reached for the sky. I pointed out the decade high in the McClellan Oscillator and suggeted that the […]