* Thanks to a perceptive reader for this article on overconfidence and its relationship to reading skill; very pertinent to trading;* Excellent article on reflation and its implications;* The need for a level playing field for traders is getting att...
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When producer Danger Mouse (right above) and rapper/vocalist Cee-Lo Green (left) created the Gnarls Barkley collaboration, the result was music that was qualitatively different than either artist had achieved previously. That music, nominated for four...
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This morning we found out that GDP contracted less than expected and consumer spending contracted more than expected. Stocks veered higher and lower upon the release before moving steadily lower. How can we tell when economic numbers are game changer...
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Above, we see the S&P 500 e-mini (ES) futures over the past several days, highlighting yesterday's break to the upside, as well as the late pullback. Overnight we've consolidated above the late afternoon lows; now I'm watching to see if we can sta...
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When does a person become "old"? If you ask my teenage kids, 40 seems ancient.Ask a 40-year old and middle age doesn't hit until the mid 50s.Maybe getting old is more a matter of mindset than chronological age: People become old when they decide that...
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* MARKET THEMES FROM THURSDAY - On the heels of Wednesday's range bound performance, in which stocks stayed above their overnight lows despite overall selling of risk assets, Thursday started strong out of the gate, reaching the R2 level before the op...
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A savvy developing trader posed this question to me, and it deserves a thoughtful answer. My reply: Think in terms of structure.From before the open, I raised the possibility that today could be a trend day to the upside. Even when we were selling o...
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A couple of months ago, I posted to the blog that I would not be able to respond to the growing stream of emails from traders. (My current inbox is shown above). Basically the problem is one of numbers: if only 1/2 of 1% of readers emails me with re...
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Here we see the S&P 500 e-mini (ES) futures on the day via Market Delta. Overall, we've seen more volume transacted at the offer than bid (bottom histogram), though selling ahead of the Treasury auction cut into that. We also see a rising volume-...
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One characteristic of trend days to the upside is that the NYSE TICK--the number of NYSE issues trading on upticks minus those trading on downticks--will persistently stay above zero, with many readings greater than +800. That shows that institutions-...
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