So have I made my point yet? The one about Sheep scattering, grazing, filling up, pooping and then scattering again? Good. Let’s put that aside now and talk about trading ranges, and leading sectors/ groups.
Beginning with the 2015 Granddaddy …
As annoying as my constant harping on the Sheep imagery related to market tone may be-I must say-it has kept me patient throughout the correction-or at the very least, given me perspective.
For example, let’s take our friends, the so-called …
Following inside day patterns in all 4 indices, they all reconciled to the downside, with certain instruments going s-p-la-t!
We have unconfirmed warning phases again in both the S&P 500 and the Dow. The Russell 2000s or small caps held …
It seems safe to get back into the sheep conversation after recent activity. I titled the weekend commentary as Cast Sheep because that perfectly defined last Friday’s action (if you accept the premise of sheep in the first place.)
A …
An experienced trader never designs or alters a trading plan based on what he/she “thinks” is going to happen. Experienced traders confirm and place trades using top down analysis, market internals, risk/reward ratios, and proper position sizing.
Key is to …
I feel like the market looks-upbeat but a bit tired. Upbeat because the sectors I have been watching are holding up. Tired, because it seems that the prices in those sectors haven’t moved much as if waiting for either the …
Last night I wrote about the 5 Classic Signs of a Top (please review 03-04-15 Commentary archived on the website) with added remarks that none of those signs had come to fruition on Tuesday in the indices.
That nearly put …
It’s tempting to remark on the potentially harmful yet more than likely ephemeral impact of speeches and economic data on the resilient market, but for objectivity’s sake, let’s just stick to the technical signals (and of course, sheep and wolves …
Over the weekend, I glanced many times at my twitter stream (that was when we weren’t binge-watching House of Cards Season 3).
I felt my anxiety level rise every time I read comments from fellow traders I respect that the …
Longs:
As per last week’s relatively mild and flat price action in the 4 indices, what started out for me as a fun and poetic way to describe the market using the Chinese Zodiac’s Year of The Goat/Sheep/Ram (In Chinese, …