* Here's an indicator I've devoted a proficient sum of fourth dimension to this weekend. The thought is to rails a handbasket of stocks, where each of the names is actively traded past times large institutions. I facial expression at the take away of the stocks multiple times per infinitesimal throughout the trading 24-hour interval in addition to position occasions inwards which virtually or all of the components merchandise higher or lower at exactly the same moment. These occasions correspond the acquit on of programme buying in addition to selling inwards the market. The nautical chart higher upwards compiles the information on a one-minute footing in addition to examines the ongoing proportion of purchase programs to sell programs. I believe this provides a unique window on institutional see in addition to participation. You tin reckon how sell programs dominated every bit nosotros went into the Oct lows, followed past times a pregnant preponderance of purchase programs. Most recently, we've seen a tailing off of purchase programs in addition to around expansion of selling. This is consistent amongst the recent weakness I noted from my other measures.
* Thanks to a savvy trader at SMB for a heads upwards on this article concerning the value of repetition in addition to resilience. By the way, that savvy trader lately publish a video on trading secondary offerings. I dearest learning novel stuff!
* Kudos to Abnormal Returns for linking to the Morgan Housel post on rules for investors to alive by--especially the observation that short-term thinking is a major root of investing problems. Investors cannot await stratospheric Sharpe ratios, which way that drawdowns volition hold upwards proportional to sought returns. Strategies to cutting off losses past times restricting asset periods every bit good cutting off positive returns, a cistron that has contributed to recent pocket-sized fund performance.
* Excellent post service from Worch Capital on the value of patience, given signs of marketplace fatigue.
* I reckon there's a Stock Twits meetup inwards NYC this Tuesday evening! I'm going to produce my best to hold upwards there. Hope to reckon readers there.
* Here's a actually interesting newspaper on returns from overnight versus 24-hour interval markets. An of import implication is that 24-hour interval traders missy out on a proficient percentage of momentum-based returns.
Have a groovy get-go to the week!
Brett
.
* Thanks to a savvy trader at SMB for a heads upwards on this article concerning the value of repetition in addition to resilience. By the way, that savvy trader lately publish a video on trading secondary offerings. I dearest learning novel stuff!
* Kudos to Abnormal Returns for linking to the Morgan Housel post on rules for investors to alive by--especially the observation that short-term thinking is a major root of investing problems. Investors cannot await stratospheric Sharpe ratios, which way that drawdowns volition hold upwards proportional to sought returns. Strategies to cutting off losses past times restricting asset periods every bit good cutting off positive returns, a cistron that has contributed to recent pocket-sized fund performance.
* Excellent post service from Worch Capital on the value of patience, given signs of marketplace fatigue.
* I reckon there's a Stock Twits meetup inwards NYC this Tuesday evening! I'm going to produce my best to hold upwards there. Hope to reckon readers there.
* Here's a actually interesting newspaper on returns from overnight versus 24-hour interval markets. An of import implication is that 24-hour interval traders missy out on a proficient percentage of momentum-based returns.
Have a groovy get-go to the week!
Brett
.
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