By EconMatters
We discuss the S&P 500, Gold, VIX, Bonds, US Dollar, Oil and the Currency Markets in this Trading Video. Until The VIX spikes above 14, nothing Dramatic is going to happen in Financial Markets!
https://www.youtube.com/watch?v=lmojy03YjEw
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The S&P 500 along with numerous indices have been screaming higher over the past 90-days. Pre-election fear levels were high and stock market bulls, were hard to find. The strong move up, has some sentiment indicators reversing course, from where they were 90-days ago. Sentiment remains important to us, not nearly as important though, as the Power of the Pattern.
Via Pater Tenebrarum of Acting-Man.com,
Defying Expectations
Via Lance Roberts of RealInvestmentAdvice.com,
I received an email last week which I thought was worth discussing.
“I just found your site and began reading the backlog of posts on the importance of managing risk and avoiding draw downs. However, the following chart would seem to counter that argument. In the long-term, bear markets seem harmless (and relatively small) as this literature would indicate?”
Via Ben Hunt of Salient Partners' Epsilon Theory blog,
George Soros has a great line, one that I’ve stolen many times: “I’m not predicting. I’m observing.” We really don’t have a crystal ball, and it really is a dumb idea to pretend that we do. But what’s not dumb is to keep your eyes and ears open, observing both what the world is telling you (playing the cards) and what other market participants are telling you (playing the players), and reacting accordingly. That’s the heart of tactical investing.