917 trading days since down 2% day
A Trader friend emailed this: It has been 95 trading days since we have had a down 1% close. This is 4.5 standard deviations from the...
Today’s explosion: $4B emini covering
I’ve checked the grapevine, and have it on fairly good authority: Today’s explosion was caused by a covering (or...
Are You a Trading Junkie?
Doc Steenberger addresses a problem we rarely hear discussed: when trading becomes an addictive activity. I can personally validate the...
Record Short Interest Prevents Correction
If you are at all curious as to why the market keeps powering higher, you can look at several factors: Falling energy prices, lowered...
Dow vs Money Market (Since Peak)
On Wednesday, we looked at the breakdown of Dow components, surprised to discover that only 10 of the 30 Dow components were above their...
Breadth and Volume, improving but . . .
We saw a nice increase in both breadth and volume yesterday. NYSE volume was 1.6B, and the only hair on the day was Nasdaq volume. Oracle...
Who’s to Blame for Amaranth’s Losses?
Answer: their investors. Before you roll your eyes, hear me out on this. I have some very specific experience with this, as I have spent...
Statistical Mistakes Traders Make
Doc Steenbarger has an interesting discussion about one the most common mistakes traders make: They confuse descriptive statistics with...
Day Before September Quadruple Witch
Two different schools of thought when it comes to the rest of the week’s market action: Bill King at M. Ramsey King Securities...