Good morning traders, This is somewhat lengthly, but I thought it might be interesting to republish my comments on equities from my morning Waverly Advisors report. Keep in mind that most of the readers of that report are working on a significantly longer timeframe, but this does help to keep yesterday’s moves in context: Equities: Equities are in the spotlight … Read More
Morning thoughts 1/19
Good morning traders, (this was written about 5:30 AM. Check marks to see if anything has changed by the time you read this.) Big picture on equities from my morning Waverly Advisors report: There is very little new to be said with regard to domestic equities. Volatility is compressed, volume is low, trading interest appears to be muted, but all … Read More
AAPL: A Case for Mechanical Trailing Stops
A look at how a mechanical trailing stop can help with exits from trending plays.
Morning Thoughts 1/18/11
Good Morning Traders, World equity markets are higher across the board. Asia up roughly 0.6% on average, Europe and UK up 1.4%. A number of world markets, including our S&P futures, made new 52 week highs overnight. S&P futures have backed off from their highs after the C earnings, but we now have a range of rougthly 1287 – 1292 … Read More
Morning thoughts 1/13
Good Morning traders, I’m moving a little more slowly than usual this morning (probably due to the 1AM blog posting lol), so I’m going to steal more heavily than usual from my morning note for Waverly Advisors. Keep in mind that most of our perspectives there are aimed more at swing traders or investors, but I think they also serve … Read More
Finding a trading edge: a case study
Finding a trading edge in the SMB Radar’s In Play list.
Morning Thoughts 1/11/10
Good Morning Traders, We are coming in this morning to find world markets up strongly overnight. Asia is mixed (Taiwan +1.6%, Hong Kong +0.7%, Japan – 0.5%), Europe up across the board (Europe Broad +1/2%, Portugal 2%, UK 1.2%). South Pacific lagging a bit (Philippines -1.4%, Australia -0.5%), but these have been world relative strength leaders for several months. The … Read More
Morning Thoughts 1/10
Good morning traders, From my weekend note for Waverly Advisors: We see many conflicting tactical factors in Equities, which is typical of price action in consolidation areas. On one hand, our sector themes remain largely intact as the sectors recently underperforming are actually the traditionally defensive Staples. Another indication of a potentially supportive psychological backdrop is the continued outperformance of … Read More