No matter who you are, you probably could’ve done better last week. That’s ok. Market conditions like these glaringly point out flaws in smaller details in our process, as well as our thought process. Often times, it’s just simple adjustments that need to be made when markets change. We just have to learn all we can without getting too caught up in hindsight. Here are a bunch of varying views on the market to think about this weekend.
Hope you enjoy the awesome reads in this week’s “Top Trading Links”. Cheers!
MARKET INSIGHTS
R.W. Baird’s @WillieDelwiche shares what he’s looking for in a sustainable bottom (more notes to right).
A ton of money was made and lost in the opening minutes on Monday. @awealthofcs shares thoughts on the ETF flash crash.
@allstarcharts notes the biggest problem in betting on any rally in the major indices.
@andrewnyquist looks at the key fibonacci retracement levels in the S&P 500.
@KimbleCharting shares an awesome piece of evidence that suggests the current bounce in global markets may be stronger than most expect:
@TradingOnMark updates their view of oil prices.
Think the recent action is all part of a bigger crash? Check out @Jesse_Livermore 1987 crash analog to see how it might play out.
@RyanDetrick shares a wealth of knowledge as he looks into the largest single day point gain in the history of the Dow Jones Industrial Average.
A great look at bear markets via @NickatFP:
S&P 500 bear markets and recoveries pic.twitter.com/CmQlxmi40u
— Nick (@NickatFP) August 26, 2015
Volatility tends to cluster. @hedgopia with more on why volatile markets may be around for awhile.
@hertcapital tracks the chemical activity barometer as a gauge of economic strength:
$DJIA Chemical Activity Barometer closes August with a notable deceleration reflecting oil sector weakness. $XLE — Sheldon McIntyre (@hertcapital) Aug. 26 at 09:46 AM
@JKempEnergy breaks down shifts in oil demand during the last decade.
@AdvPerspectives on the latest NYSE short interest report.
Headline GDP was great. However…
US inventory build at $110B or 4 year highs — Nicola Duke (@NicTrades) August 27, 2015
NEWS & RESEARCH
Schlumberger has made a very bold bet by acquiring Cameron International.
Money Market funds have seen inflows for four months in a row. Hat Tip to @FZucchi.
Carl Icahn is still buying Freeport McMoran.
We all know Virtual Reality is going to be a major market theme and growth driver for numerous industries the coming years. Here’s a thought provoking read on the intersection of reality and virtual reality. This is shaping up to be where the V/R home runs will be hit.
“intersections of real-world objects with virtual reality are “grounding moments,” making it more likely that people will believe that the virtual experience is real.” – Mark Bolas
All things Blockchain via @FSClub:
“Blockchain is a really disruptive development and banks have a lot of fear concerning this technology because, in the pure theory of blockchain, a lot of processes within a traditional bank would be obsolete”, – Thomas F Dapp, Research Analyst, Deutsche Bank
Quotable via the now beardless @jessefelder. BTW, congrats dude!
“To suppose that the value of a stock is determined purely by earnings is to forget that people have burned witches.” -Jim Grant — Jesse Felder (@jessefelder) Aug. 26 at 09:18 AM
Funny Tweet of the week
“RT @dailydirtnap Anyone betting on VIX 60 with the VIX at 50 should note that has worked only once… ever” *** pic.twitter.com/9pcl43ELAM — Downtown Josh Brown (@ReformedBroker) August 24, 2015
Thanks for reading!
Twitter: @ATMcharts
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
