Real Estate ETFs Oversold
"Those who do not study the past will repeat its errors. Those who do study it, will find other ways to err!" -Bob Farrell
As part of my normal routine of screening for ETFs making meaningful moves, I look for those with an RSI less than 40...
Breakout Update- China, Small Caps
Back on February 17th, I wrote about the availability heuristic and breakouts that were happening in a number of index charts. As a review, if all you see are breakouts, I find it helpful to identify charts that look different...
Oil ETFs Oversold
"Be fearful when others are greedy, and greedy when others are fearful." -Warren Buffett
I run a scan on stockcharts.com for ETFs making 65-day highs and another for those making 65-day lows. Not surprisingly, today's low screen is full of commodities, energy, gold, oil, etc...
Is Trading More Like Chess or Poker?
Listened to an interesting podcast where the Bloomberg Odd Lots people interviewed chess player Hikaru Nakamura, who achieved Grand Master status at a younger age than Bobby Fischer...
Adaptive Markets and Technical Analysis
"It's better to be approximately right than precisely wrong." -unknown
I was listening to Barry Ritholz's interview with Professor Andrew Lo from MIT yesterday and I actually drove the long way home just to catch the end of it. What a fascinating discussion that touched on so many meaningful topics...
La Dolce Far Niente
Anyone that has visited Italy may be familiar with an Italian concept called "La Dolce Far Niente." Loosely translated as "The Sweetness of Nothing," it embodies the carefree approach to life that you may find strolling through Florence or Naples...
Never Confuse Brains With a Bull Market
"Become more humble as the market goes your way." -Bernard Baruch
Thus begins a fantastic post by Ben Carlson over at A Wealth of Common Sense, all dealing with the psychological struggles of an investor in a bull market...
The S&P 500 and Overbought Conditions
So I've seen and heard plenty recently about the SPX reaching severely overbought conditions. Here I'll introduce RSI and then discuss three simple questions... What does that mean? How important is it? What do we do about it?...
Not Quite Breakouts
Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts. When there are lots of similar charts, I like to look for the not-so-similar charts...
The Cup and Handle and Handle and Handle Pattern
So I'm flipping through charts this week and I come across the daily chart of Walt Disney Co. Following my traditional chart approach, I start at the right side of the chart to see where the price is at now related to its previous moves...
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“Those who can not remember the past are condemned to repeat it.”