* While the overall SPX index has traded inside a multi-month attain (blue delineate of piece of occupation above), the cumulative expose of stocks inward the NYSE universe trading higher upwards their upper Bollinger Bands vs. below their lower Bands has been steadily declining. That tells us that we’re seeing to a greater extent than pregnant weakness than forcefulness alongside private stocks, no dubiety aided yesteryear the relative weakness inward commodity-related shares. I am seeing the same underlying weakness inward the cumulative NYSE TICK, suggesting that we’re seeing to a greater extent than hitting of bids than lifting of offers alongside the broad attain of NYSE shares (Raw information via Stock Charts).
* We tin accelerate our increase equally traders yesteryear the forecasting models that I’ve described recently, also equally interesting links. Readers tin experience complimentary to add together their ain notes to mine via the comment characteristic of the blog. The finish is non to pitch merchandise ideas, but rather to expand the information gear upwards that tin assist traders brand improve trading decisions.
* Yet closed to other means to expand your chance gear upwards is to respect 1 novel valuable information source each calendar month that tin popular off a regular operate of your research/decision process. Over the course of report of 12 months, yous tin greatly widen your range in addition to sustain your evolution equally a trader. When yous peruse posts curated yesteryear such sites equally Abnormal Returns in addition to Quantocracy, focus on the sites offering the posts in addition to non but the posts themselves. Many times you’ll uncovering bully resources that way.
* Looking forwards to the speakers in addition to networking fourth dimension at the Traders4ACause conference adjacent month. My plan off the plan volition live on that I volition select a one-page write upwards of an original, valuable trading method in addition to volition central with all participants who are similarly willing to percentage their writeups. It’s non but broader networking, but smarter networking, that helps us suit to changing markets.
Have a bully kickoff to the week!