Doug Kass of Seabreeze Partners earlier issued a Tweet-memo to “talking heads”: Memo to all the “talking heads” in the business media: 20K in the DJIA is meaningless. It is meaningful to those that need …
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For the better part of 2016 the Dow Jones Transport Index, measured by the IYT (the iShares Transport etf) traded in a tight consolidation in the low to mid $140s: The breakout since the election is …
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I’m in a forward timezone to New York. But when I sat down this morning to offer up a few thoughts on the global equity rout (while you were hopefully still sleeping despite knowing what futures were …
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Regular readers of the site know that we don’t generally refer to the U.S. equity market in terms of the Dow Jones Industrial Average (DJIA). The index of 30 stocks (largely not industrials) is price …
Continue readingTraders are always looking for relative out/under-performance among instruments in the same asset classes. Some of the best traders I know like to buy strength and sell weakness until it looks to be too much …
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