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Market Dip Is a Correction, Not a Bear Market

Last week's sector review noted a pullback to a multiday trading range as part of what appeared to be a topping process following September's momentum highs and October's price high. That scenario continued to unfold this past week, as we broke sharply ...

From BRETT STEENBARGER, ETF Investor,  1 Nov 2009

Related Topics: Twitter Inc

Three Reasons Traders Don't Make More Money

Here are three common problems that I've observed among experienced, talented traders who are struggling to get to that ever-beckoning next level of performance: 1) Position Sizing - They don't take their largest risk when they have their greatest feel ...

From BRETT STEENBARGER, ETF Investor,  27 Oct 2009

Lagging Segments of the Market Tell a Good Deal About the Economy

What do they have in common? All failed to confirm the October price highs in the major large-cap indexes and now are falling back toward their September/October lows. Whether those lows hold will tell us a good deal about the health of ...

From BRETT STEENBARGER, Seeking Alpha,  27 Oct 2009

Indicator Update for October 19

You are currently following Brett Steenbarger You are no longer following Brett Steenbarger Last week's indicator review found that we were seeing price strength in the major indexes, but signs of non-confirmations among several indicators. This past ...

From BRETT STEENBARGER, Seeking Alpha,  19 Oct 2009

Related Topics: NASDAQ,  NYSE

Glancing at Longer-Term Oil

Oil is bumping up against multi-month resistance (bottom chart; USO), as the Oil VIX ($OVX) has been closing in on multi-month lows. It wasn't so long ago that gold was in a similar situation. With continued U.S. dollar weakness, these are levels I'll ...

From BRETT STEENBARGER, ETF Investor,  14 Oct 2009

Movement Diminishes: A Quick Look at Today's Pre-Holiday Market

Note how we are trading within yesterday's range in the ES futures (top chart), with the NYSE TICK relatively evenly distributed around the blue zero line (bottom chart). We can see the diminished volume in the ES futures, a nice tell that market ...

From BRETT STEENBARGER, Seeking Alpha,  9 Oct 2009

Related Topics: NYSE

Dollar Is the Powerful Intermarket Theme

Here we see the powerful theme driving the recent markets: the U.S. dollar has been weak, particularly vs. the Australian dollar (top chart). That has led to strength in such commodities as gold and oil and a sharp rise in stock prices (ES futures; ...

From BRETT STEENBARGER, Seeking Alpha,  6 Oct 2009

China Weakness Affecting Materials Stocks

With China (FXI; top chart) well off its early August highs, note the relative weakness of Basic Materials companies today and on a one-week basis per the excellent FinViz site. If growth in China is slowing down, demand for raw materials should weaken- ...

From BRETT STEENBARGER, Seeking Alpha,  31 Aug 2009

Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom

A few readers have asked this question, noting recent low TRIN values. (TRIN is also known as the ARMS Index). Of course, what this means is that a high proportion of daily trading volume has been concentrated in rising stocks. But is TRIN low? To ...

From BRETT STEENBARGER, ETF Investor,  29 Aug 2009

Related Topics: Citigroup,  Fannie Mae,  Freddie Mac,  NYSE

Why I'm a Nervous Bull

I'm not sure how many of the trusted, old reliable indicators will work in this market because it seems to climbing on low volume and has very little market breadth. Trader Mark put up a very good column earlier today that pointed out that 40% of ...

From BRETT STEENBARGER, ETF Investor,  26 Aug 2009

Related Topics: Fannie Mae,  Freddie Mac

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