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Last week, the S&P 500 fell 1.06% to 1691.42 from the all time high close the week before of 1709.67. Hardly a rout. Yet, on this week’s Bespoke Sentiment Poll, bearishness hit a 2013 high with 62% of respondents seeing a lower $SPX one month out and 38% seeing higher. The week before, the…
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This morning, I spent some time with my boys teaching them about the stock market. We do this from time to time and I think its worthwhile, especially if you are involved with markets on a daily basis, so that they gain some understanding of what you do. I’ve written about this before here and…
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On this week’s Hangout, JC & I discuss the S&P 500 – still holding the critical 1670, regional banks – showing signs of weakness, natural gas – reversal in progress & preseason football – w00t! Have a look: $SPY $KRE $NG_F $BBRY
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Some of you are familiar with the on tilt phenomenon from the poker world. If you’re not, it goes like this. Tilt sometimes occurs when a poker player experiences a bad beat or a series of them. After the beat, the player loosens dramatically playing more hands, increases risk irrationally and acts out. Often this…
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Last night, JC Parets and I chatted at the CME Group’s NYMEX. We backed up the lens and focused on Treasury futures and what a topping process looks like after a 30 plus year bull market in bonds. Its fascinating to watch this play out over an extended period and JC points out that…
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Damion asks… Phil, How do you know when a stock is broken? I asked a few esteemed friends who measure and trade price… @alphatrends: 2 ways… 1. If a stock is making a series of lower highs and lower lows below a declining 50 day moving average. 2. If it gaps down at least…
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I was of three minds, Like a tree In which there are three blackbirds. – Wallace Stevens OK, so the market is down which has been the rare event for months on end. Every time we see even a one day sell off, bearish views come out of hibernation on my stream ranging from…
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Good Morning Kids. JC and I walked through a bunch of charts yesterday afternoon for your viewing pleasure. The S&P500 looks great intermediate term while the Russell Small Cap is bumping up against big picture resistance. On the global ETF front, JC likes the long Europe short China pair. Finally, he’s taking a shot…
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I was just interviewed by Newfination’s Donald McIntyre and he allowed me the room to riff on everything from user generated content to finding signal amid noise to StockTwits. Take a look:
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Here’s my interview with Alan Harry, CEO of The Spartan Commodity Fund. We succinctly analyze WTI Crude Futures levels, fundamentals and speculation and Alan integrates these factors dynamically and smartly. Check it out: Follow The CME Group on StockTwits $CL_F