I snipped this on the last trading day of the year as part of a year in review video I am doing. The chart compares the relative performance of the following. All Ords (^AORD) Dow (^DJI) Nasdaq Composite (^IXIC) Nikkei (^N225) Hang Seng (^HSI) Dax (^GDAXI) Its important to note that these are relative performances…Details
Previously I had talked about a long trade on the Dow I was running – nothing new there and the rationale and management of the trade was hardly revolutionary. However, I did something profoundly f#%^en stupid – I transposed a digit on my stop and got pinged out by a spike because my stop was…Details
Whilst I believe that the correlation indices has increased over time and the correlation of instruments has been shown to increase in times of stress their returns correlations can be a little different. Note the performance particularly of the DAX and the Hang Seng. The charts for some of these may have the same outward…Details
Price is still meandering around the initial fail point. One of the mistakes I see traders make is that they see a chart like the one below and instantly drop into confirmation bias mode simply because price looks as if it might be moving higher. Current price action doesn’t really confirm whether this trade is…Details
It was recently announced that one of the pioneers of managed futures John W Henry was shutting up shop after several difficult years in which his funds under management shrank from $2.5 billion in 2006 to around a $100 million. This made me wonder two things. Firstly, is there a shelf life to money managers.?…Details
Below is a table I lifted from Bespoke Investment It shows the YTD performance of what could be called analyst’s least loved stocks. You will note that some performed quite poorly but the top five had an average return of about 71% with WHR returning 104.34% The second of my related items is titled simply…Details
[Via: Firmex: Virtual Data Rooms]
I am planning on doing a longer piece on the heterogeneous nature of Asian markets as a function of their cultural and economic background. In the meantime I needed to generate a chart of the comparative performance of the Nikkei, the Hang Seng and the doggy Shanghai Composite over the past year.