I get asked almost daily what is the single most important clue that I use to determine when the market is changing direction, and although our trading decision process is completely formulaic, non-emotionally driven … we can learn a lot by looking at recent history and comparing the price and volume movement to itself. The […]
In my last post smarter-investing-by-watching-the-pros, I talked about how there is a clear difference between the way that retail investors (regular Joe’s that are investing their own money) and institutional investors (businesses that invest for others’ including pensions and large municipalities) go about investigating a particular investment style. And this difference in my opinion has […]
I’m going to show you how to make $10,000,000. Yes, that’s right 10 MILLION. This isn’t a joke … I am very serious. In fact, I’m going to be so bold as to say, if you follow my advice I want a ‘finder’s fee’ for showing you how to make this money. So … I […]
People assume that at a certain wealth level they need a financial planner, and although having one can be quite a benefit, many people have them for the wrong reason which ultimately costs them hundreds of thousands + over years of time. In fact … if you had $1 million invested earning just 5% a […]
Huge Up day on Friday, huge down day yesterday (monday) and a huge up day today … all in all the market hasn’t moved up even though each day we have had 1+% gain/losses. Markets that moves with this intensity with no directional bias are markets that you don’t want to be in. With no […]
The day after I said “I was wrong” … and today we had a huge reversal. So … the weakness I was seeing was and still is there and although Friday was a nice up move … all the gains disappeared today. The Resnn model continues to perform as expected. Keeping our clients safe during […]
Today we had a nice up move in price (volume on the day was lighter though) and we closed at new multi-year highs for the Dow and S&P-500 I wrote a post over a year ago that was helpful to reread today. It is called, “contradictions”. It is a good read that details my trading […]
Listen to W. Scott O’Neil , portfolio manager for O’Neil Data Systems, Inc. and president of MarketSmith along with Amy Smith, Investors’ Business Daily (http://www.investors.com) radio and TV commentator talk about my entry into the market in December 2011 after being in cash for 4.5 months – avoiding a nasty 16.85% drop for our clients.They […]
Today’s weakness triggered our sell signals and caused us to completly exit the market. Our client portfolio’s are now fully in cash. The market has been struggling over the past few weeks to make new highs, especially the technology heavy Nasdaq. In fact QQQ (an ETF that mirrors the movement of the Nasdaq 100 largest […]
Just found out that we have been awarded a seat in Interactive Brokers’ (http://www.interactivebrokers.com) ‘Money Manager Marketplace’ based on “consistent performance and superior downside protection” for our clients’ portfolios. Out of literally thousands of Registered Investment Advisor (RIA) firms that Interactive Brokers’ services, there are only 26 that have previously been awarded this distinction. We […]