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2015 Systems Health Check

2015 Systems Health Check

First of all, let me wish you all a happy & prosperous New Year 2016! I am not unhappy to leave 2015 and start fresh. Last year was arguably the worst trading year on USD-denominated assets that I have ever dealt with. And that is including 2000 and 2008. That...
Trading Hazard Ahead

Trading Hazard Ahead

I hate to be the canary in the coal mine but as I stated it one month ago, the magnitude of market breadth deterioration had reached a level which warranted extreme caution. Since late July, a clear symmetrical triangle had formed on the SP500 (see below) and narrowed...