Thoughts about the markets, automated trading algorithms, artificial intelligence, and lots of other stuff
Tragedies often sound a clarion call that get people to band together and be their best selves.
But how long will the good behavior last? Like exercise or showers, while it is good to do … it is better to repeat.
It is time to take an honest look at ourselves … and take appropriate action.
The 3 minute video below highlights some tough issues. The hard truth is that progress starts with honesty.
Do you think this painted an accurate picture of the current United States?
There was finally an uptick in securities reaching new 52-week lows this week. Don't get excited; but it had been more than 100 days since we'd seen at least 3% of issues on the NYSE tick at a 52-week low.
Meanwhile, other indicators of where we are on the risk-on/risk-off spectrum have been pointing 'bearish'. For example, the following chart shows that the Russell 2000 Index is under-performing the S&P 500 on a relative basis.
via Chartsetcetera
So new highs were met with lower momentum, and indicators show the bulls are lagging … Are you thinking "Sell in May?"
It was cool that they found the bombers so fast. Yet, I have mixed feelings about what that implies about the 'surveillance society' we live in.
Sometimes things just don't seem to make sense … other times they do.
Here are some of the posts that caught my eye. Hope you find something interesting.
Hope you are having a fun week.
It is springtime … and the gym I go to is starting to get busier.
Reminder: summer is almost here.
The video below shows what happens when you forget that bathing suit season is coming.
On a positive note, the guy on the left is a pretty good dancer. Love that he plays full-out, dances like no one is watching, and has fun.
Trend-Following 101 says figure out if a market is trending higher or lower … then evaluate how strong the trend is.
Metals, as a whole, are giving a pretty strong bearish signal.
We use the Trend Level indicator to quantify the true power behind the trends demonstrated by individual markets.
In general, Trend Level (TL) Level scores fall into three zones:
Based on those standards, all six Metal markets are trending lower.
Here is the Trend Level Chart for Metals.
Obviously, Gold is leading the bearish pack downwards. Traders may note that Gold has support at 1472.90 (with more support at 1382.92). Its most recent close was 1501.40.
Some things are harder than others …
Here are some of the posts that caught my eye. Hope you find something interesting.
The Bulls were out in force last week at the Market Technician's Association Conference in New York.
Sure they questioned what caused the rally (or who was propping-up price); but the message was clear … you have to trade the market, as it is, rather than your opinion or fears.
Maria Bartiromo moderated a panel, which included Ralph Acampora, that reiterated the bullish theme.
As you might guess, it was easy to see that the room of mostly middle-aged men was excited to spend some time with her.
While that wasn't surprising, there was a lot of talk about much higher time frames than I am used to looking at for trading guidance.
In addition, I feel compelled to admit that I'm somewhat skeptical about how long Wall Street stays bullish. But, we'll see …
I tried to tell my wife that multitasking was a myth (so she shouldn't expect me to be able to do it).
Sure someone could learn to juggle, or even to solve a Rubik's Cube … but to do both at the same time?
Watch the video.
via YouTube.
Supposedly, the same guy can solve a Rubik’s Cube in under 8 seconds, making him the 48th fastest cube solver on the planet.
I still can't talk and type …
The Internet currency, Bitcoin, has seen an uptick recently as more people look to the virtual currency as a way to get rich or avoid the problems of fiat currency.
Bitcoin was created in 2009 by "Satoshi Nakamoto" — almost certainly a
false name — in order to be anonymous currency, easy to use,
self-regulating, and free from any central authority.
People are starting to realize they can now put their money in the cloud and access it anywhere, from any computer. As a result, the value of bitcoins is rsing.
Two months ago, one bitcoin hovered in the $10 to $15 range, and a $30 peak was considered ludicrously high. What about now?
The surging valuation suggests that people are starting to see ways to use it to create and protect value.
Bitpay, a company that facilitates bitcoin transactions, logged over $5 million worth
of transactions in March alone, as people traded bitcoins for tangible
items, mostly high-end electronics and precious metals.
Expect to hear a lot more about this in the media.
It looks like the Cyprus Bank Bailout will cost a lot more than expected.
Here are some of the posts that caught my eye. Hope you find something interesting.
