Interesting set of charts relating to the perceived fall in trading volumes during the recent rally in the US.
I dont really need to say much about this. And to put the strength of the US market into context this is the S&P500 monthly. However, there is always some idiot who thinks they know better than the market. Remember my view – the market is simply a voting machine, it votes on which…Details
Well….I am still long the Dow, boring that it is. The interesting thing about markets at or around new highs is the emotional problems they seem to bring. Traders struggle with the notion of buying something that is higher than it has been in recent times simply because we have inbuilt cultural notions about what…Details
Earlier this week I reinstated my longs on the Dow – the combination of a breakout to new highs and a low volatility is hard for me to resist and as fate would have it the market decided it would reverse. So what does this mean for this position? At present nothing, markets do…Details
I was doing the Market Wrap yesterday for Talking Trading and in my usual look at markets I noticed that the arse had effectively fallen out of volatility in the markets I was looking at. I have dropped in a chart below which shows the 30 day HV of a variety of instruments, I have…Details
I came across this chart over the weekend. It looks at the volatility of stock, bond and currencies markets. The article that accompanies it falls into a trap I have commented on before namely, that volatility and changes in volatility are predictive. My view is that they are post-dictive – that is they react after…Details
I have been waiting for awhile for a breakout of congestion to enable me to go long the Dow. Looks like I will have to wait a little bit longer.
I came across this image on Bespoke – those folks who generate arrays of dazzling data very few of which are in any way helpful to market participants. It shows the daily change on the S&P 500 since January and I have no idea why this would be of interest but I thought I would…Details