Most of us in the trading and investing universe have the freedom to buy or sell anything we want, whenever we want. Sure, there are some exceptions out there like long-only mutual fund managers that have to pretty much be fully allocated at all times...
When calculating risk in a given trade or investment, I find that opportunity cost is often overlooked. Remember, it's not just how much money you can potentially lose on a given position, it's the opportunity to make money elsewhere that you are...
There is a lot of noise surrounding the period between Christmas and the start of the new year. Santa Claus rally this, end of 2016 predictions that, what worked this year, what didn't..... The truth is, most of that doesn't matter and is just a lot...
As we close out 2015, one of the biggest stories of the year has to be the crash in Energy prices. The CRB Commodities Index is heavily weighted in Energy and, as an Index, has fallen over 20% this year now down almost 65% from its peak in 2008. Here...
This week I sat down with Frances Horodelski over at Business News Network to discuss the disastrous implications of a breakdown in the Dow Jones Industrial Average below last week's lows. Apple continues to be a 'sell on any strength' stock and an...
This week I had the opportunity to join Joe Weisenthal and Alix Steel on Bloomberg's What’d You Miss? On this appearance I wanted to follow up on our Apple discussion...
Technical Analysis of Stock Trends by Robert D. Edwards and John Magee is widely considered to be the Bible of Technical Analysis. Today I thought it would be a good idea to share with you guys Page 1 of Chapter 1, so you can see...
Since October 23rd, the Dow Jones Industrial Average has been a place where we've wanted to stay away. This was the day that it first crossed above what was then, and still is, a flat 200 day simple moving average. When prices are anywhere near a flat...
The noise surrounding the U.S. Interest Rate Market has been all Fed all the time. For headlines and theory, that's great. For market participants who live in the real world, we like to focus on what the market is actually doing, not what a...
Thank you to everyone who registered for the new All Star Charts membership. I'm super excited to have you guys as part of our team. Remember, we're all in this together trying to navigate through this market day in and day out....
It amazes me how we're almost in 2016 and you still hear what I consider to be intelligent and experienced market participants talk about technical analysis as a self fulfilling prophecy. A statement that technical analysis is self-fulfilling...
Last week I invited everyone to jump on a conference call to discuss what I think are the best 10 charts in the world. I don't want you to think that these are just...
The other day I told someone that I never look at the 50 Day Moving Average and that I haven't for a few years. They couldn't understand why. So I had to explain that it's something I used to keep on my charts, but over time I noticed that it created...
We have to trade and invest in the market that we have in front of us, not the one that we want. Therefore we have to be able to approach the market from a completely unbiased perspective. We don’t care if the market doubles in...
If you know anything about me you know that I can't stand when prices are near a flat 200 day simple moving average. It's not that I want to short stocks in those situations. I don't want anything to do with them at all. You're signing up for a...
For the past few weeks I’ve been writing a weekly open letter to readers about what I’m seeing across the stock market, bond market, commodities and currencies. The feedback I’ve received has been unlike any other time in the 5...
When you talk about some of the most valuable tools for market participants, there are very few out there better than the community that is Stocktwits. One of the most difficult...
This has to be one of the more hilarious things that smart people say all the time: "The problem with technical analysis is that it only looks at information from the past". This, to me, is a classic case of nonconcious human mimicry. Some of...
