Monday, June 15, 2015

New Perspectives for a Fresh Market Week

*  As shown above, since late April my cumulative measure of buying vs. selling pressure--a version of the cumulative NYSE TICK--has been in a corrective mode.  Overall, we're seeing more stocks trading on downticks than upticks, although the overall SPY price has been relatively unchanged.  Interestingly, this weakness does not show up when computing the TICK statistic for all listed stocks, as small caps have been relatively stronger than large caps.  Even greater relative weakness is evident when computing upticks vs. downticks for Dow stocks only.

Very interesting evidence that a single-minded pursuit of positives in your trading--and in your life--can bring negative results.

Worthwhile reflections on risk from @ivanhoff.

*  Ralph Vince offers very valuable perspectives on position sizing and growing your portfolio.

A look at the psychology behind becoming trapped in consensus thinking.  Tough to produce distinctive results with status quo thought.

*  A wealth of perspectives on personal finance from Abnormal Returns.

Great source of readings consistently at Quantocracy.

Have a great week!