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...
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...
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...
We talk a lot about the S&P500 and Dow Jones Industrial Average. Lately it's been the Nasdaq100 leading the charge and actually the only index that hit new highs this month. Each of these are popular due to their large-cap components. In other...
Guys, let's just get something straight: we do not live in an average world. We never have lived in an average world. We most likely will never live in an average world. That's just math, or science, or both I don't know. But it is a fact. Think about...
Today I want to bring up something that I discuss often, but I'm not sure that I ever explained clearly in a blog post. Long-time readers know that I only use a handful of tools as...
If you have any appreciation for supply and demand dynamics in the stock market you are likely to flip through a chart or two throughout your day. In my case, I flip through hundreds of charts a day, sometimes thousands. These include...