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Here are some of the posts that caught my eye. Hope you find something interesting.
Trading doesn't have to complex.
Sometimes simple indicators are better. Trend lines are easy to follow and often meaningful.
Below is a weekly chart of the S&P 500 Index showing the recent break of an up-trend in place since 2009. If price stays beneath this level, it will likely be tough for Bulls.
In addition to the trend line break, there is a negative divergence (where recent price highs happened with lower momentum). Technicians often take this to be sign of weakness.
Let's see what happens.
You know the economy is tough when a company like Hostess Brands, the maker Twinkies and Wonder Bread, announces plans to close its plants and fire 18,000 employees as it moves to liquidate.
On eBay, the starting bid for a single Twinkie is now $5,000.
Here are some of the other posts that caught my eye. Hope you find something interesting.
Did you know the top tax bracket in the U.S. was once 94% ... ?
With 2013 marking the 100th anniversary of income tax as we know it, here isa look at what both the average Joe and the average CEO have been paying throughout the years.
So what’s in store for the future?
The Occupy Wall Street movement claimed to speak for the bottom 99% of the population by income, which includes pretty much everyone who makes less than $500,000 a year.
The calculator, below, shows where your income ranks in the wide range of the 99% ... or the 1%.
An annual household income above $506,000 puts you in the top 1%, while you need to make less than $2,500 a year to be in the bottom 1%.
Find out where you stand.
Many traders expected a sell-off after the election. We got that, and now the market is pretty oversold. So, is it time to jump back in ... or should you pay attention to signs that we are still in a "Risk-Off" trading environment?
Traders know it is tough to call a meaningful 'Market Top' because you have to be right about both price and time. Adding to the difficulty is that humans seem to be wired to focus on what they missed, so it doesn't take much to trigger buying behavior.
With that said, sometimes it makes sense to pay attention to warning signs. In this post, we'll look at a technical warning pattern some traders call "the four horsemen of the apocalypse". As you probably guessed, it involves four components.
Why are they called the four horsemen? Because when you see all four of these rise at the same time, the underlying message is ominous.
Under normal circumstances, these market symbols are not correlated. In other words, the "horsemen" generally do not ride in the same direction. For example, when gold is going up, the dollar and USTs are normally going down, or vice versa.
When they all rise together, however, it indicates an extreme correlation of "risk-off" and diminished risk appetite across the board.
Here is a composite of all four charts. The yellow highlit areas show the coordinated move higher.
According to Mercenary Trader, U.S. Treasuries rise via their designation as the ultimate deep liquidity safe haven instrument.
Gold rises as the "alternative currency" not subject to a printing press -- the safe haven for those who fear U.S. Treasuries are booby-trapped.
The Dollar rises as US investor capital is repatriated from emerging markets (and foreign investor capital flows into bonds).
And the VIX rises as equity risk assets are being shunned ...
There is something satisfying about a "Perfectly Timed Photo". Click to see others.
Here are some of the posts that caught my eye. Hope you find something interesting.
Here is a clip of Jimmy Fallon and Christina Aguilera using office supplies and used them as instruments to perform Christina's "Your Body."
Here is the "Instrument" list:
stapler, iPhone keypad, coffee pots with pencil drumsticks, roll of sticky tape, water cooler jug, tissue box & elastic band guitar, spiral notebook (a.k.a. the "tear snare"), keyboard washboard, paper clip shaker, and scissors.
Innovative, talented, and pretty cool.
Best CyberMonday Deal on Apple - Perhaps Apple Itself?
There we were at the Cowboys game. It was a beautiful day. I was feeling terrific because I was with my two sons. The crowd was cheering ... and I had a great thought: 'Let's get a picture of this'.
Perfect ... a random series of events had led to a satisfying crescendo ... and I captured the moment.
It wasn't so random. Despite a difference of four years and two stadiums - the result was similar (if not predictable).
History doesn't necessarily repeat itself. But it often rhymes.
It Is True In Trading As Well.
The Hype Curve is an interesting map of human emotion. Below is an idealized version.
Here is a chart of Apple going back to 2004. Note the similarities.
For a deeper analysis, see this post by Market Oracle. Here is an excerpt explaining the framework.
Posted at 05:30 PM in Business, Current Affairs, Market Commentary, Trading, Trading Tools | Permalink | Comments (0) | TrackBack (0)
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