Trading

August 18, 2019
Weekly Perspectives –  Summer Social

Weekly Perspectives – Summer Social

Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. I’m pleased to announce that our next Meetup is just a few days away. Unfortunately, we weren’t able to secure a venue for presentation so as the Summer season comes to an end we’re going to take this opportunity to have a hiatus from our regular presentation schedule and do a Summer social instead. Join me, Etienne Crete, and others in the Meetup community this Wednesday, August 21 as we take over the Sauvage Bar A Vin for a fun night […]
August 18, 2019

Weekly Market Outlook For August 19 – 23, 2019

As I stated in last week’s video, “buyers need to continue to keep control and defend their levels else risk sellers stepping in and selling the pullback and flipping things back to full-time frame alignment to the downside“. This past week the bulls were met with a number of bearish macro scenarios and ultimately the bulls lost control and markets buckled due to the intensified selling. By mid-week sentiment had turned overly negative and compelled me to share the possible reversal, which set up the buying opportunities on Thursday and Friday. See – Overly negative. In the short term, the […]
August 15, 2019
Overly Negative

Overly Negative

I wrote about the possibility of a sell-off at the end of July in Watch Your Downside and since then markets have swooned down due to a number of macro and technical factors. While I think there is some more downside possible and that macro risk is real, sentiment has turned wildly negative in a short period of time so would not be surprised if we saw some respite in selling. The S1FI chart below shows that we now have fewer stocks above their 50day MA than we had even back in May when we had lower prices.
August 11, 2019

Weekly Perspectives – 6 Reasons We Make Bad Trading Decisions

Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. Happy to report that I am now back in Montreal.  I spent the last week in Playa del Carmen, Mexico and while the weather was beautiful I, unfortunately, caught a nasty case of food poisoning that left me spending most of my trip bedside.   On the bright side, I did get a chance to binge-watch Season 1 of the new Amazon Original series The Boys which is about a group of vigilantes set on taking down corrupt superheroes who abuse their superpowers.  Highly enjoyable spin […]
August 11, 2019

Weekly Market Outlook For August 12 – 16, 2019

Markets broke to the downside this week but buyers stepped up creating a mixed technical picture. The short term momentum is to the upside but the technical damage has been done. Buyers need to continue to keep control and defend their levels else risk sellers stepping in and selling the pullback and flipping things back to full-time frame alignment to the downside. Lots of earnings on the tap for the coming week so expect continued volatility. In this week’s video, we look at the technical outlook for the VXX VX SPY QQQ IWM DIA EEM TSX TLT GLD XAUUSD GDXJ […]
August 5, 2019

Markets careen lower and my roller coaster ride

Greetings from Playa Del Carmen, Mexico. Today the markets suffered their biggest losses year to date and as the markets careened lower and I had my own personal roller coaster ride after catching a nasty case of food poisoning that I’m chalking up to some not so well prepared seafood. Nothing quite like spending your vacation cooped up in your hotel room. Wish me a quick recovery! 😀 As I’ve been warning in the Weekly Market Outlook videos and last week’s heads up on the potential sell-off, after taking out the prior week’s lows, monthly lows, and turning the quarter […]
August 3, 2019

Weekly Market Outlook For AUG. 5 – 9, 2019

It was a move we’ve been portending for a while and the bears finally took control this past week as the combined volatility from AAPL’s earnings, an FOMC announcement, a Trump tweet, and the start of a new month allowed sellers to finally break the multi-week long bullish move that began back at the beginning of June. Earnings will be the primary news driver this week however there has been sufficient technical damage done that we can expect to see additional downside volatility. In this week’s video, we look at the technical outlook for the VXXB SPY QQQ IWM DIA […]
July 31, 2019

Watch Your Downside

Mid-week market update as trends have started to shift and sellers have finally wrested the upside momentum. As we enter into the first trading day of August pay close attention to see if the indices can continue to trade above the quarterly open.
July 29, 2019
Bearish Divergence

Bearish Divergence

I’ll keep this post brief but it’s been a while since I updated the chart of the SPY overlayed with S1FI (number of S&P100 stocks above their 50 day MA). We’re now seeing a bearish divergence between the # of S&P 100 stocks above their 50 day MA while the SPY tags all-time highs. No actionable signal yet but with the end of the month approaching it will pay to keep your attention on whether or not the buyers can continue to defend each prior week’s lows.
July 28, 2019

Weekly Perspectives – The Psychology of Prediction

Sign up to our newsletter and be the first to receive the Weekly Perspectives newsletter delivered directly to your email inbox. I am back from Ft. Lauderdale, FL for a few days before leaving to Playa del Carmen, MX at the end of the week.  If you ever find yourself in Ft. Lauderdale, do yourself a favor and check out Shooters Waterfront for some great drinks and seafood.   Here’s to enjoying the rest of the summer and depending on the internet at the resort I hope to be able to deliver next week’s Weekly newsletter to you at the regularly scheduled […]
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