Up she goes!
Not all bears get honey. We expected markets to come off last week and pretty much exactly the opposite happened. Up she goes!
FSR
Kansas City Shuffle
One of the more important lessons we’ve learned from participating in markets for the last almost two decades is that the Kansas City Shuffle is very often a very reliable move. What are we talking about you ask? Well, when everyone is looking right, go left. Still, what are we talking about? In a nutshell, the market has become very bullish, despite the enormous amounts of negative economic data and overall headwinds.
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Moment of truth
Well, the end of the year approaches and markets find themselves at a rather pivotal point. The moment of truth is upon us, and we will soon learn whether or not the down trend is over, or here for another six months.
Volatility is king
Volatility is king in whipsaw city! Markets have been wild these last weeks and going into US midterms will be no different. Trade carefully.
Volatility is king Read More »
Looking a bit stretched
Last week we called for new highs and we got them. Now we’re kind of sitting here thinking that is is looking a bit stretched and wondering if the market is not due a bit of a breather.
Looking a bit stretched Read More »
Twitter chart requests
Well then, alright. This week we’re doing things a little differently. @TraderPetri asked twitter what they wanted us to have a look at and we’ve obliged. In no particular order, here are the twitter chart requests for the week ahead.
Twitter chart requests Read More »
Trend following for the win!
Very often we overcomplicate things for ourselves. The easy truth is that trend following it often the best way to interact with markets. Since the trend is currently very firmly up, we’re happy to toe the trend following line for as long as the trend stays in tact.
Trend following for the win! Read More »
Patience is key to opportunism
We’ve said a few time in the past that patience is key. The main benefit of being patient when it comes to trading is that we can wait for the really good setups to mature and then take trades in which the odds are firmly skewed in our favour. Some of the stocks we’ve been watching for a long time have finally triggered buy signals.
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Hold tight, we’re trending higher
Volatility is subsiding and markets are feeling more confident than they have for some time. We can debate about logic and valuations and inflation for days on end. In the end though, it will boil down to “yes, nothing makes sense” and “don’t fight the FED”. The money printer is going brrrr and all we can do is hold tight while the bulls give another run.
Hold tight, we’re trending higher Read More »
No pullbacks, only new highs please
Markets bounced hard in the second half of last week. It’s almost hard to believe how fast things are changing in the current landscape. Although there are so very many reasons to be cautious, if not flat out bearish, the market is just pulling its ears back and making its way higher despite the conditions of the world around it. Thus, given the strong footing the market ended on last week, and of course the charts, we think that we’ll likely see new highs in the week ahead.
No pullbacks, only new highs please Read More »