It was an amazing week in the markets. The market continues to punish the bad habits of Fed watchers and everyone who doesn’t follow price. The long dollar train is full of passengers, but Yellen suggests the Fed is more moderate and commodities are trading like the sellers are exhausted. Ironically, bad trading habits in biotech are being rewarded.
Lastly, it’s worth remembering if you’re hitting it big, you’ve got to work thrice as hard to maintain discipline!
Time to dig in and discuss the best of the best in this week’s Top Trading Links:
Market Insights
- @AlmanacTrader breaks down the end of the best six months of the year and looks forward.
- Many factors including the incredibly strong dollar have knocked gold back down to multi year lows. It bounced where it should have this week. @andrewnyquist discusses the state of gold.
- @trengriffin shares his lessons learned from David Tepper. “Replaying losses in your head is the only way you learn from your mistakes.”
- Facebook broke out in a big way this week and Twitter is trying to follow suit. @allstarcharts analyzes the breakout in the social media group.
- @FZucchi dismantles common bond market arguments.
- Losers are a part of the game. @SJosephBurns explains why it’s important to cut losses quickly.
- A used car salesman would have a tough time pitching long commodity related ideas these days. @bartscharts takes a look at the oil services sector as it tests key support.
- @jessefelder discusses the great six year run in the market and looks at the previous times the market gained > 200% in 6 years.
- Also, @MichaelBatnick takes a quick look at the difference between equities current 6 and 10 year rolling returns.
Awesome Videos
- Check out this special episode of Vice: Killing Cancer. What promising stuff. No wonder biotechs are going bananas. H/T @AdamSinger
- @MrTopStep sat down with the ‘Pit Bull’ Marty Schwartz. Marty notes the most important question an inexperienced trader should ask themselves: ‘Am I craving the action or do I really want to win?’
- Constant reading and thinking is important to @manualofideas shared this great interview of fund manager Jeff Brook discussing reading best practice. H/T @ReformedBroker
Thanks for reading!
You can access past “Top Trading Links” articles here.
Follow Aaron on 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.
