Friday, February 01, 2008
sputnik's VWAPing blog
My friend sputnik, who trades from Germany, is posting his VWAP adventures over at sputnik.to
. Visit his blog for a link to the details about VWAP. Don't ask me about what the acronym means or the "how"-- isn't that useful. What matters is its behavior on the price chart. In the time I traded alongside sputnik, I can't tell you how many times VWAP behaved as a magnet, or "electric wire". He has an ensign template pack for the obsessed among you.
Labels: ensign, market-buzz-gurus, trading-method, VWAP
Wednesday, November 21, 2007
LBR is Blogging
I've not been in the trading arena for a while now, but a bug bit me today and I wandered around in one of my favorite pursuits: things Richard Wyckoff. If you don't know who that is, it's understandable. He was active in the early 1900s, but his influence continues to resonate, especially his ideas of "smart money" and the idea that volume reveals their tracks, information which is tradable! However, this is not a digression on Wyckoff In the wonderful way of meanders, that search lead me to fresh, but related nugget.Linda Bradford Raschke (a.k.a. LBR)has a blog
, in fact, since July of this year. Her trading website
is full of tradable information and the blog is a pleasant, but related, diversion.
Labels: market-buzz-gurus, volume
Saturday, March 18, 2006
NQ tick size reduced; and how YM is appealing for intraday trading
a post by ANCHOR at elitetrader.com: NQ tick size reduced
[as of March 20]
"I think this is a good move for the CME. And, quite frankly, it should have been made a long time ago. If you think about it, day traders are trying to pick up ticks. A few ticks here, a few ticks there, lose a few here etc... NQ's problem has always been a lack of ticks.
You could look at it this way: the NQ contract has a ATR(10) of about 25 points. At two ticks per point, that's about 50 ticks per day. The ES has a ATR(10) of about 13 points which is also about 50 ticks per day, but the ES ticks are worth $2.50 more than the NQ with much better liquidity.
The contract I feel has them both beat is the YM. The YM has a ATR(10) of 95. A one point per tick, that equals 95 ticks per day; almost double that of the NQ or ES. Even thought the ticks are only worth $5.00, day traders have more opportunities to pick up several ticks throughout the day. And the volume on the YM is growing rapidly.
This move by the CME will put the NQ on par with YM in terms of number of ticks per day and price per tick. I think this is an effort to take back some of the volume that has found its way over to the YM contract. I know I'll take a second look at the NQ after this change."
Here a a text file of the original announcement
Tuesday, January 24, 2006
TSE (Tokyo Stock Ex) : Calendar
TSE : Calendar
Labels: calendar-holidays, market-buzz-gurus
Wednesday, August 03, 2005
Re-Introduction of 30-Year Bond
Traders have been buzzing about the likely reintroduction of the long bond, but the date looks to be early next year, February 2006, according to this PR from the Bond Market Association.
July 25, 2005
New York , NY – The Bond Market Association submitted a letter to the U.S. Treasury Department calling for a re-introduction of the 30-year Treasury bond, or 'long bond', in February, 2006.more
Friday, July 29, 2005
Cramer's Picks get a Workover
CXO Advisory, writing in their 25 July 2005 Investing Notes ask, Cramer Offer's You His Protection?
and do a decent analysis of Cramer's calls up into July. BooYA
hoos will shrug their shoulders over CXO's bottom line :"His typical viewer would be better off in a broad index fund
". Making money may be a big part, but that's not the whole schtick here. There are plenty of funds, newsletters, gurus's, and touts with equal and often lesser economic value.
Love him, hate him, or simply enjoy the sideshow atmosphere, Jimmy gets snaps for having what the people want: enthusiasm
. Add to that the sheer capacity of the man to remember all those names and you get someone who holds the AADD crowd's attention through a full hour. I don't "follow" his calls and I won't diss him for bad calls as whoever "follows" him pulls their own trigger. But I do give him a pass for having made me laugh more than a few times. That's worth a lot in my world.
Wednesday, July 27, 2005
Ike Iossif Interviews w/Sherman McClellan & Jim Curry
Sherman McClellan talks with Ike Iossif
of Aegean Capital/Marketviews.tv about his current market outlook, including comments about the bonds, gold, and four year cycle.
Jim Curry's Hurst cycle work is excellent and his views on the current situation in the audio interview
are worth listening to. I've already mentioned in my previous post the free week at stocktimer.com, where more of Jim's fine work can be seen.
For those not familiar with Ike Iossif, aside from the many accolades garnered through his own technical work, he also has a long history serving the financial community with great news and views dating back to the days of FNN. There are many more recorded interviews at his site, which require a media player for playback.
Monday, July 25, 2005
Market Charts/Turns free week
Readers of Versa Luna might be interested in the work of Larry Thomlinson and Jim Curry, who this week host an open site, as posted by Larry Thomlinson.
Larry, Jim and Bob invite everyone on the Internet into our house for a week of free stuff, feel free to pass it around.
Bob has a weekly Hi/Low model that just gave a rare BUY signal the past two weeks that will interest everyone. This could be a pivotal week, lots of good cyclic and technical information to view.
The weekly link on the Index page should be open later tonight along with Mondays daily comments.
Larry, Jim and Bob hope that you will find Market Charts/Market Turns free week to be a profitable and educational experience.
Thursday, July 21, 2005
Bob Carver on RSP
, Bob Carver's daily blog, has an interesting article on RSP
, the equal weighted S&P "ETF" offered by RYDEX. If you aren't familiar with RSP, Bob's article is a great introduction.
Labels: ETFs, market-buzz-gurus
Friday, July 08, 2005
The Market Reacts to London Terrorism
Once again, vicious acts
have ended the lives of precious people, bringing grief to countless families, and all who mourn the loss of any life. This subject is too vast for a few words here, so perhaps a meander
will happen at a later time.
The market reaction was reflected in the pre-open Globex hours, and as shown in the ES continuation chart below, was less than a point from a tag of the 62% retrace of the move off the April lows. The cash index, on the other hand, dipped only below the 38% before rebounding. This divergence (of a sort) has me watching price at 1208 on ES (1204 SPX). A move above, with a test from above would be bullish (at least for the next test of the recent high), and a move above and back down with a test from below bearish for a test of the April lows. This may take a couple of days. Good trading to all.
Labels: chart-analysis, market-buzz-gurus
Saturday, March 26, 2005
Chick Goslin, SMR and IFT
and Trading Day by Day
, Chick Goslin's Intelligent Futures Trading (IFT) methods
When I first heard his name, I couldn't help but think of a family of swans, the chicks trialing in the wake. The cuddly image was shattered by the picture of him at his site: a burly smiling ex-Marine crouched down next to his shaggy dog friend. He has acquired a number of faithful adherents on the web, particularly at the trade2win boards
, who as of this writing have over 22 pages of reviewing, demystifying, and at this point, documenting their use of the method.
Goslin's IFT might sound complicated, but striped to its essentials, it is a straightforward method with a very nice number-weighting of the long, medium, and short term signals the system generates. I haven't backtested the results, but each piece of the system is simple and will be recognized by most technicians and market hounds.
The 3-point System is outlined at SMR in this Word file
. NOTE: it is labeled as a .txt file, but it is best viewed as a Word file as Notepad will expose the internal code as gobbledegook.
It may sound mysterious as it is sprinkled with his own nomenclature of the elements. Can you fault him? We all do that with our methods! However, enough of the method can be gleaned to get going. My intent is to present a TA tinker with enough to create the template on their own and find out if their interest is peaked enough to buy the book and explore in depth the methods and nuances Chick has developed. The book reviews indicate there is value.
The basic indicators:
- Trend Line is a 49 SMA of price.
- DL is the "Dotted Line" Intermediate Term indicator, which is a 16ma of the 3-10 MACD.
- SL is the "Solid Line", ie, Short Term indicator, which is the 3-10 MACD.
An imaginative leap is taken for position trading. Chick assigns each of the three main components a value of +1, 0, or -1 depending if the indicator is moving up, sideways, or down as follows:
- Long Term49/50 sma (1 pt), also called the Direction Line
- Intermediate16ma of 3-10 MACD, also called the Confirming Line (+/- .5 trend, +/- .5 when above/below zero), and can lag 5 days
- Short Term3-10 MACD value (1 pt), aka the Timing Line
One then counts only the positive contributions when the trend is up, or only the negative values when down. +/- 2 is considered bullish or bearish, and values between +/- 1.5 are considered neutral (ie, no position).
Finally, to eliminate lag and anticipate a change in the Position Indicator, the past values of both the 49 sma and the 16 ma on the 3-10 MACD are reviewed to see if a lower or higher value is being "dropped" off by the ma calculation.
All things considered, a very sensible approach.
Labels: indicators, market-buzz-gurus, trading-method
Friday, March 28, 2003
This explains itself.__THE ECONOMISTS__ [dead link]
The wonderful animation has disappeared from this site, but the still I saved remains. It still explains itself!
Labels: market-buzz-gurus, market-fun
Tuesday, November 05, 2002
Harvey Pitt Resigns...
Mr. Pitt's tenure was tenuous at best and in what to me was quite a market "bombshell", this evening tendered his resignation. He was quite the bulldog, hanging on tight amidst a steady partisan barrage and what appeared to be no one who would stand up for him.
No doubt this clears one uncertainty, but as the nature of the market is to keep that wall of worry strong, who replaces him (and perhaps even Wm Webster) are two fresh bricks.
Thursday, October 31, 2002
Todd's Trading Thoughts
Who is Todd? Todd Harrison, who many knew from his column at thestreet.com, has been writing at his own website, Minyanville.com. His fresh approach and humorous touch is still in tact. I read him for perspective and sentiment, not targets and recommendations as that is not his bag. His thoughts are ling testing the air before going out-- is a sweater enough or perhaps better a coat. One of his pithy thoughts for today:
"Our goal is to view the price action as an opportunity rather than a hindrance"
An excellent attitude in the current helter-skelter market environment. Todd's Trading Thoughts
Thursday, September 12, 2002
What'll a $6,000 shower curtain do for you in Rykers?
So much for "patriotic buying". I thought "the rally" might carry over today, but no such luck-- pockets were cleanly picked in today's gap-down open and late day sell-off.
The President's appearance at the UN served to abate some uncertainty, allaying for just a bit longer an "out of the blue" war event. Mr. Greenspan managed to mealy-mouth his way out of saying anything of import, although in an unrelated event the Feds did haul off Dennis "I bought a $6,000 shower curtain" Kozlowski
That leaves Friday's potentially nasty economic reports for another mini-selloff ahead of next week's "Triple Witching" options expiration, typically yet another scheduled fleecing opportunity. This means a low tomorrow or Monday is likely to be bought so as to run 'em up in time to sell 'em again at the end of the week. Got that?
Wednesday, January 23, 2002
Art Cashin's Ode to a Tree
Art Cashin, on being asked what kind of tree he would be: "Definitely deciduous."
As I could well be, tracking down the oscillating chart bug (IE5 specific so far) and marshalling my trading plan for what I see as an impending change in trend. Pull up a weekly chart with 13w Bollinger Bands-- they're narrowing; also note that the longer MAs are flattening and "clumping".
Readers know I am biased towards a correction, primarily influenced by at best tepid economic indications and a richly valued market with weak earnings outlook. I scrub the charts looking for Bully, but keep finding bear fur. It is in times like this that "discretionary" trading must be squashed and your plan worked with discipline.
If you don't have a plan, consider putting one together. That blank sheet of paper staring at you will be intimidating, but it is in the process
of planning that the big value lies. A plan provides a focal point, a sounding board. And it is always there to be tweaked and modified along with conditions. What worked during the bull may not at all work in a conjested side-winding market.
Monday, January 14, 2002
Stockcharts.com Chart Watchers Weekly - 12 January 2002
, authored by SCC Prez Chip Anderson, is always a great read.
Sunday, January 13, 2002
This article, titled Andersen's Future at Stake After Enron
goes in the bin labeled if you can't trust your accountant, who can you trust
Friday, January 11, 2002
Text of Greenspan Comments, 1/11/2002
Michelle Girard's treasury comments are always interesting and insightful Treasury Market Recap Jan 10, 2002
. This week's FRB parade in anticipation of Greenspan's Friday appearance has been particulary hyped.
Thursday, January 10, 2002
Yahoo - Andersen says staff disposed of Enron documents
Ugly, ugly, ugly. Ugly internal company intrastructure, ugly impact to "investors", ugly political implications. As greed increases, the machinations engulf the willing and unwilling. Awareness and action are the only protection to those directly involved. I doubt Enron is an isolated case.