Category: Research – Alex

The gutters of Wall Street are strewn with the bodies of people who looked good for five years. ~  Marty Whitman In this week’s Dirty Dozen [CHART PACK] we go through the latest monthly charts and cover the strongest macro asset (USD to the moon), the leading country ETF, and the top-performing sectors, along with…

Conventional thinking, particularly around important turning points, is usually not very helpful because it tends to focus on the extrapolation of past trends into the future. ~ Tony Boeckh In this week’s Dirty Dozen [CHART PACK] we cover the developing buy setup in the SPX along with a buy setup in crude and a major…

Whenever you have jealousy as an emotion, or greed, or envy, it distorts your judgment. The market’s like the bleached blonde in Vegas. It doesn’t care about you. That’s why you have to put aside your ego and get out. If you have trouble doing that, as most people do, be like Odysseus; tie yourself…

If you have an inflexible image in your mind of an opponent, then whenever he changes, your evaluation of him will be wrong. If you have an inflexible image in your mind of yourself, then whenever you change, your evaluation of yourself will be wrong. For up-to-date evaluation, there is no time but the present.…

Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes. Speculation is far too exciting. Most people who speculate hound the brokerage offices or receive frequent telephone calls, and after the…

Remember, in life, time rather than money is the most important currency, and we all have only a finite amount of time. You can win money, lose money, and earn it back again. But time is something that you can never get back, so making good decisions with the odds on your side is the…

Lord Yagyū once said, “I do not know how to defeat others. All I know is the path to defeat myself. Today one must be better than yesterday, and tomorrow better than today. The pursuit of perfection is a lifelong quest that has no end. ~ Hagakure: The Secret Wisdom Of The Samurai, via Brent…

This dead weight of conventional wisdoms encourages the idea that the currencies are complex and sophisticated. But once you strip away all the rationalizations and conventions that have no basis in reality, you discover the truth: which is that the currency markets are simple. And, so far from being highly sophisticated, they are, as I…

Remember that big stack poker is a game of patience. You don’t have to make a big play in every marginal situation that comes along, just as a good hitter in baseball doesn’t have to swing at balls outside the strike zone. Wait for good solid situations before making big plays. ~ Dan Harrington In…

The concept that a market’s discounting mechanism is based on speculator participation, not price, is the most important thing that I know. ~ Jason Shapiro, “Unknown Market Wizards” In this week’s Dirty Dozen [CHART PACK] we update the end-of-month technical, sentiment & positioning, and macro outlook for the broader US market (hint: odds still favor…