Remember the March 2000 market top? I’ll guess a majority of current participants weren’t trading back then, but even those that were likely have a fuzzy memory of what the environment was like – and what was being said right at THE top. Over the past few months, from time to time I’ve noticed things […]
Wall Street Analysts Year-End Price Targets Get Hit
As we’ve seen, predicting where the SPX will end a given year is a tough business – but that hasn’t stopped any of these analysts. On March 1st, the day after the State of the Union Address (when the POTUS commented on the market’s gain) the SPX hit 2400 – exceeding the expectations of 16 […]
How Sentiment Works On A 5-Minute Timeframe
The market consists of cycles that manifest over infinite timeframes. Here’s the emotional roller coaster I’d imagine a carbon-based trader would go through over a couple of days on a 5-minute chart.
Financial Commentator’s Guide To Earnings Season
It’s almost that time again – time for “earnings roulette” season. Or as I sometimes say “earnings blow-up season is right around the corner“. You probably know by now I’m a fan of drinking games, so if you want to play along this earnings season… every time a company blames bad earnings on the “strong […]
Lamest Recovery Ever
I saw a couple graphs posted on Twitter last week that really sparked my interest. I wanted to post them here so when I get some spare time I can sit back in my chair and ponder them more over a couple cocktails. The first graph is a look at the current “recovery” compared to […]
Wall Street Expects Marginal Gains in 2017
If you missed my post 2017 Wall Street Year End Price Targets you can check that out here. Now that the final analyst (Tom Lee) released his year-end target, I wanted to post the table that shows just how low expectations for this year really are. It looks like the majority of firms don’t expect […]
Dow 20k Hype
“I predict we’ll hit Dow 20,000 this year” – StockCats January, 2017 Fixation on Dow 20k… One thing that’s been bugging me recently is the incessant “cheerleading” of Dow 20,000 on CNBC. I believe the unhealthy fixation on Dow 20k kicked off shortly after this interview. Soon after they started running with “The March to […]
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