* Trading Psychology Resource - As yous browse through the novel Daily Trading Coach book, which is An Introduction to Trading." The complimentary mass volition focus on trading methods too volition last written 1 post/chapter at a time.
* Twenty-Day Strength - Tuesday was notable inward that nosotros had 3289 novel 20-day highs across the NYSE, ASE, too NASDAQ, equally opposed to 119 novel lows. New 65-day highs were less elevated: 632 vs. 55 lows. That is the highest grade of novel 20-day highs that we've seen since I began collecting these information inward September, 2002. Interestingly, since that time, we've had 42 occasions inward which novel 20-day highs convey exceeded 2000. Twenty days later, the S&P 500 Index (SPY) was upwards xxx times, downward 12 for an average attain of exclusively .01%. Across all other occasions, the average 20-day attain was .19% (936 up, 590 down). Interestingly, when nosotros behaviour a median split upwards of the occasions when 20-day highs were rigid based upon whether 65-day highs were elevated or not, nosotros meet a difference. When 20-day highs *and* 65 24-hour interval highs convey been elevated (N = 21), the adjacent twenty days inward SPY convey averaged a attain of 1.65% (18 up, iii down). When 20-day highs convey been elevated simply 65-day highs convey non (as was the illustration yesterday), the adjacent twenty days inward SPY averaged a loss of -1.62% (12 up, nine down). This reflects worse outcomes when 20-day highs spike during longer-term behaviour marketplace conditions.
* Attention Bloggers: Twitter Links - I proceed to encourage bloggers to ship me URLs to posts that would last of particular relevance too uniqueness to readers, too thus that I tin scope notice link via Twitter. (My e-mail address appears nether the "About Me" department of the weblog page). Among the posts of detail involvement would last those related to trading psychology; research-based posts; too posts amongst unique analytical content/perspectives. Over 1500 traders straightaway subscribe to the Twitter service, too a larger publish of readers selection the posts off the weblog page. This provides me amongst a agency of linking to--and recognizing--the expert operate out there. Thanks, too thank yous likewise to readers who ship me interesting article links that they stumble across!
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