Dr. Bruce Hong at the TraderPsychology Blogspot recently called my attention to a few of his excellent posts and I wanted to highlight some of them. Make sure you read his post entitled “Checklists” which not only is an excellent list, but addresses a topic rarely covered in the jubilant financial or trading media: redundancy…
Bill Luby at the VIX & More Blogspot recently posted an excellent Thanksgiving-style article entitled “Twelve Things my Account is Thankful For” which includes practical tips for aspiring beginners and experienced market professionals. Without listing all twelve, consider the following: “ETFs – to diversify, go short, apply leverage, etc.” “Numerous enhancements to a detailed and…
Hale at the Bonddad Blog recently posted a detailed assessment of the current intermarket conditions in his post “Is a Bear Market Developing” which absolutely deserves a read and deep thought. He covers the following five points with a myriad of charts and brief informative comments: 1.) A long-term view of the markets (4-5 years)….
Ed Yardini – as posted at the Blogs section of the Wall Street Journal Online – recently listed nine things to be thankful for in 2007. While I will not post the complete list – please browse the site to find the complete list with insights – I will tease with the following items on…
EDIT:Â The Original post contained a link to a site that had stolen word-for-word a wonderful trading plan from Dr. Bruce Hong on his TraderPsychology Website, of which I was unaware of the plagiarism, and so I have removed the offending link and have now given full credit to the originator of the excellent trading…
Dr. Steenbarger recently addressed the topic of “Trading and Anxiety: Navigating Danger and Opportunity” in a recent post that’s absolutely worth review. Read the whole post, but here are a few highlights: “Research suggests that people … become highly risk averse when they are anxious.” “If we are not accurate in our perceptions of danger,…
Chris Perruna recently posted an excellent look at recent history’s corrections (which sometimes have been 10%) and then discusses full-blown bear markets and makes note of some key differences. Specifically, he pulls the camera back to the monthly charts which, I assume, a minority of active traders do. It is important to view the major…
Gary at The Smart Money Tracker posted an excellent observation that is one of the basic tenets of technical analysis: The Larger the Consolidation Period, the Larger the Move out of Consolidation. This concept is based in the Fourth Principle of Price Behavior which states that “Price Alternates Between Range Contraction and Range Expansion.” Price…
Analyst Sam Stovall wrote a most insightful article regarding brief historical lessons regarding past housing contraction cycles and resultant recessions. The article from Business Week is entitled, “Housing… Why All the Huffing and Puffing?” While the entire article is certainly worth reading in detail, here are some key highlights: “We think increased investor concerns… could…
In preparation for the Meeting of the Federal Reserve on Wednesday, why not take a look at some other insightful posts from the blog world: Pivot Level Support and Resistance: How Often Do We Hit Those Price Targets? from Dr. Steenbarger Wizards and Pundits – interesting post from Adam on BIDU at Daily Options Report…