LB Weekly (Mar 3)

by admin on March 3, 2019
in Essays/Reports/Articles

This is LB Weekly – our weekly report which backs up, sees the bigger picture and analyzes the trends and the staying power of those trends. It can be subscribed to as a stand-alone product at LeavittBrothers.net for only $149/year.

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Moving Averages – Everything You Need to Know

by admin on February 11, 2019
in Essays/Reports/Articles

A moving average is an overlay indicator that plots the average price over a given number of periods. It smooths out the data points and hints at a trend on whatever time frame is being viewed.

Moving averages do not predict future prices – nothing can – they simply tell where price has been and the direction it’s moving.

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LB Weekly (Feb 3)

by admin on February 3, 2019
in Essays/Reports/Articles

This is LB Weekly – our weekly report which backs up, sees the bigger picture and analyzes the trends and the staying power of those trends. It can be subscribed to as a stand-alone product at LeavittBrothers.net for only $149/year.

Read more..

Wayne Whaley’s TOY Barometer – an Update

by admin on January 23, 2019
in Essays/Reports/Articles

This is an update of the November 26, 2018 report, where Wayne Whaley’s TOY Barometer was discussed. It’s Whaley’s top indicator, and now that new data is available, it’s worth seeing how last year played out and what’s likely in store for next year.

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Historically, What Is the Character of a Market Bottom

by admin on January 10, 2019
in Essays/Reports/Articles

The market plunged into its December low. The S&P fell 450 points in 3 weeks, and the number of stocks trading above their 20, 50, and 200-day moving averages hit levels not seen since the Financial Crisis.

Now the market is moving straight up – call it a V bottom. The S&P has recaptured almost 250 of those lost points.

This has Wall Street wondering: Is that it? Is a bottom in place? Does the market need to go back down and test the low, or can it just keep moving higher from here?

Let’s go back in time and look at previous bottoms and see if there is a trend, see if a certain bottom formation is more prevalent than others.

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2018 – The Year the Quants Got Destroyed

The market moved up 3 of 4 days last week, and despite the one big down day, the weekly candle closed with a solid gain and near its high.

This is the first time since late October the S&P has posted back-to-back up weeks. If the mini move up continues a few more days, quants will be out in full force arguing the positive end of one year and good start to the next year has bullish implications for the entire year.

Some argue the Santa Claus rally (last 5 days of a year and first 2 days of next year) is predictive.

Others say the January Effect (first week of January? first two weeks of January? entire month of January?) is a better predictor of what’s in store for the year.

But how much trust should be put into quant studies, given 2018 was the year the quants got destroyed?

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Wayne Whaley’s TOY Barometer

Wayne Whaley’s TOY Barometer is possibly the single-best seasonal barometer. It uses the market’s performance between Nov 19 and Jan 20 to predict 12-month forward gains. It was brought to my attention by Steve Deppe (@SJD10304) and is worth discussing.

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Business, Poker & Trading

by admin on November 15, 2018
in Essays/Reports/Articles

Tony Hsieh, CEO of Zappos.com, wrote a book titled: Everything I Know About Business I Learned From Poker. Here are some of his notes in bullet-point form with my own trading-related comments thrown in. … Read more..

Bollinger Bands – Everything You Need to Know

by admin on November 13, 2018
in Essays/Reports/Articles

Bollinger Bands, developed and trademarked by John Bollinger, are bands placed above and below a moving average. They are based on standard deviation, which is a measure of volatility, so when volatility increases, the bands widen to accommodate the price action, and when volatility dampens, the bands narrow.

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LB Weekly (Oct 28)

by admin on October 28, 2018
in Essays/Reports/Articles

The market tanked again last week. Like the previous week, there was an attempt to rally off oversold levels, but the attempt was quickly squashed. The selling we’ve gotten is much worse than anything we’ve seen in several years – much worse than February. In fact this is the single worst month following an all-time high in history. Read more..

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