What’s Going On
November 19, 2020
The country is closing amid Covid cases. Simultaneously, the Shiller PE ratio of earnings in the S&P 500 is 33, a level exceeded in history only at the bursting of the Internet Bubble in 2000.
On the Skids
November 11, 2020
If electoral processes lack the drama to satisfy you, check the stock market. Intraday volatility has been averaging 4%. The pandemic has so desensitized us to gyrations that what once was appalling (volatility over 2%) is now a Sunday T-shirt.
Serenity
November 11, 2020
Give us courage to change what must be altered, serenity to accept what cannot be helped, and the insight to know the one from the other. It’s a good life rule, a thoughtful notion after elections. And a way to see the stock market.
Placid
November 11, 2020
The story now is how’s money behaving before The Big Vote? Depends what’s meant by “behave.” The Wall Street Journal wrote for weeks that traders saw election turmoil...
Political Sentiment
October 14, 2020
This week brings the last pre-election monthly options-expirations cycle. It’s the final time to take or manage risk with options that expire after votes are cast.
Supply and Demand
September 23, 2020
Supply and demand affect stocks the same way they do products in any market. Yet the supply of product – shares – is almost never a consideration. Traders just trade. Public companies suppose that telling the story to more investors will create volume and drive the price up.
The 5/5 Rule
September 11, 2020
The simplest way to use Market Structure EDGE is to measure when stocks move above or below 5.0, the mean-reversion level, to help you know when to stay or go.How Market Structure Sentiment™ Works
September 10, 2020
Our key metric is a simple 10-point scale measuring a stock’s probability for gains or losses. Here’s how we calculate it.