Ugly day as the market turns over – Sell in May and Go Away they say – certainly true today. Headlines about Trump imposing Tariffs on China may be the catalyst, that old chestnut. Other market themes were bound to pop up – we lost our peripheral vision as we focused on COVID-19. Trade war…
An interesting week ahead. The market fell (panicked), rallied (regained sanity) and then peaked again last week. In response to the latest ‘top’ we have run up our cash again, to 40%, and are ‘hiding like chickens’ in bigger market stocks. But not forever. The coronavirus continues to hold society in its grip, but the…
FINALLY ITS FRIDAY Am I the only one losing track of time? I could only tell it was Friday because the dress code changed in our morning meeting. A few strategy points today: Wall St’s 400 point reversal on the Gilead (lack of efficacy) Chinese trial story in the Financial Times suggests to me that…
The vibe is changing. It’s been a great rally but I can see (on the charts) and hear (in the media headlines) the herd stopping to think about what’s next and it’s probably not great. As Henry put it, we always come out of Easter fat and happy, then it all goes wrong. What is…
And so it continues – the US market is behaving – for now there is no reason to question our market either. No opinion – I continue to watch people on the spectrum from Super Bull to Super Bear and resist being dragged to either end by someone’s particular view. Every day there are a…
Today I share with you some of the views of the esteemed trading psychologist, well-known author – and a personal favourite of mine – Brett Steenbarger – a man with extensive knowledge of how our minds work, both for and against our trading success. Steenbarger has a theory of keeping an ‘empty mind’ when it comes to trading,…
Where do we even begin… We are witnessing history. Both in the stock market and the broader world. Countries in lockdown. Fines for leaving the house without a good reason. Cafes, restaurants, bars, clubs and pubs all closed. Sport on hold. And that’s not even the half of it. Completely unprecedented times. FUND PERFORMANCE MARCUS…
Short Points Today – have been caught doing some media this morning. Very happy we were fully invested for the 7% rally yesterday. The best case scenario now is that we all get bored. If we do, if we get numb to coronavirus cases, if we get numb to the economic damage, the markets might…
WE ARE STARTING TO BUY This is not optimsim, this is being less negative. Its a very busy morning for us, we have decided to reduce our massive cash position of 70%. We are taking it down to 40%. Bit short but I wanted to get the main message to you before the market opened.…
Early on in my trading career, I was intrigued by technical indicators. So intrigued that I spent the best part of two years researching every single indicator I could. You name them, I’ve researched them. From the Advance/Decline Line to the Zero Lag Exponential Moving Average – and just about everything in between. Each indicator…
