Trading
November 17, 2019
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. The first snowstorm of the year came early this year as winter unexpectedly descended on Montreal this past week. Having moved to Montreal from Vancouver about 10 years ago I still find the transitions between each season a beautiful time of the year. So this season whether you’re busy shoveling out or trying to navigate the hazardous Montreal streets take some time to take in nature’s beauty. The Trend Is Still Your Friend This week 3 out […]
November 16, 2019
This week 3 out of the 4 US indices logged all-time highs with the Dow closing above 28000 for the first time. As I shared in last week’s video the markets have been exhibiting trending characteristics typified by buyers buying all pullbacks and a strong respect for the 8-day EMA. The question on everyone’s mind is how far will this rally take us? Remember the old market adage, “The market can stay irrational longer than you can stay solvent.” In this week’s video, I review some of the market’s internals and structure to see the strength and health of the […]
November 10, 2019
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. The trend is your friend … The markets continued to grind higher as the DIA finally joined the SPY and QQQ this week to hit new all-time highs. Year to date the SPY, QQQ, and DIA are up over 23%, 30%, and 18% respectively. In this week’s video, I discuss how the indices are now exhibiting trending and herding characteristics and this means you’ll want to fight the inclination to fight the trend. However, remember the trend is […]
November 9, 2019
The markets continued to grind higher as the DIA finally joined the SPY and QQQ this week to hit new all-time highs. Year to date the SPY, QQQ, and DIA are up over 23%, 30%, and 18% respectively. In this week’s video, I discuss how the indices are now exhibiting trending and herding characteristics and this means you’ll want to fight the inclination to fight the trend. Remember the trend is your friend – till the end. Watch this week’s Weekly Outlook video to see the setups and levels we’ll be watching. In this week’s video, we look at the […]
November 3, 2019
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. VXX melts and indices hit all-time highs – It was a wet and windy Halloween in Montreal this past week but neither Mother Nature nor City Hall could keep my kids from getting their candy this past Thursday. On the trading front, the final trading week of October showed that once again we are trading in a bull market as the NA indices navigated the volatility from Wednesday’s FOMC announcement as well as earnings reports from AAPL, FB, and GOOG culminating in […]
November 2, 2019
The final trading week of October showed that once again we are trading in a bull market as the NA indices navigated the volatility from Wednesday’s FOMC announcement as well as earnings reports from AAPL, FB, and GOOG culminating in a record all-time high close on Friday for the SPY and QQQ. With the month of October now behind us, in this week’s video, I make the case why we are unlikely to see the Q4 meltdown we had in 2018. Hint – it has to do with market structure and timing. As a further resource, I mention another video […]
October 27, 2019
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. BTFD – Buy the f*cking dip – This week the markets continued to climb the proverbial wall of worry as buyers took the QQQ’s to all-time highs showing once again that all pullbacks this year continue to be buyable. The US indices are having a banner year with the SPY’s and QQQ’s returning over 20% and 25%YTD respectively. With just over 2 months of trading left in the year, there’s no reason to say it won’t end as a […]
October 27, 2019
This week the markets continued to climb the proverbial wall of worry as buyers took the QQQ’s to all-time highs showing once again that all pullbacks this year continue to be buyable. The US indices are having a banner year with the SPY’s and QQQ’s returning over 20% and 25%YTD respectively. With just over 2 months of trading left in the year, there’s no reason to say it won’t end as a big year for the bulls. This final trading week of October is shaping up to be a potentially volatile one as we have the FOMC announcement on Wednesday […]
October 20, 2019
Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. Hi traders, This time of year is one of my favorites as the leaves begin to turn the most spectacular color and Halloween right around the corner. Fall is in the air. A quick announcement, unfortunately, this month’s meetup will be postponed. The venue we used for our past couple of meetups unexpectedly went out of business so unfortunately that leaves us without a suitable space this month. We are exploring other locations for next month so if you know of […]
October 20, 2019
This week buyers continued to have the upper hand as all the US indices ended the week green even after some negative news flow to end the trading week. Even though the environment feels ripe with risk (tariffs, recessionary talks, slower global growth, etc). the VXX is telling a different story as it hit yearly lows throughout the week. Whatever the headlines are telling you – volatility traders haven’t been buying it. All of the indices are now trading slightly above but in and around the monthly and quarterly opening levels so that will continue to be an important area […]