Hi Everyone
The major indices tried to get going positively today and got pegged back.
Here is the previous day’s OVI chart for the S&P (today’s is still being calculated as I write this not…
Hi Everyone
Do not be concerned if you cannot find many or any decent patterns like neat flags right now.
The market is telling you something – that it’s temporarily sick, so you’re better to b…
Hi Everyone
Just a quick note to comment on the general market action right now.
Yesterday’s rebound is a natural reaction and I wouldn’t be surprised to see more wild gyrations for a few …
I know I don’t email and blog that much, and that’s because I only want to contact you when there’s something important to say.
If you read my email from 26 April you would have prepared yourself for …
Hi Everyone
By now you know my mantra:
“Trade What You See”
And still what we can see is a rising market with the OVI largely positive. This generally points to a contin…
Hi Everyone
Just another reminder of the most important lesson of trading …
“Trade What You See”
Remember Warren Buffett’s quote: “Forecasting tells you a lot about the forecaster…
Hi Everyone,
As you must know by now, my trading mantra is: “Trade What You See”.
Having an opinion can be very costly in trading and you’re always better off not having one! Just trade wh…
Hi Everyone
If you ever wanted an indication of the power of the OVI you witnessed it today. All the indices buckled – note my email/blog yesterday which highlighted that while the markets had b…
Hi Everyone
Last week’s Jobless Claims and PPI (inflation) figures came and went without too much fuss, with the markets trundling upwards but with low volume.
What’s interesting is…
Hi Everyone
The markets came roaring back on Thursday albeit on moribund volume. Remember though, one swallow doesn’t make a summer. Are we headed for new highs or is this part of the ine…
