What Can Go Wrong

In the last commentary, we discussed technical tools to determine when downside momentum may have stopped and whether it would be safe to re-enter markets from the long side. To reiterate, technical tools give traders a framework for risk, but they are  not fortune telling devices.  Acting on logical evidence is a skill that has … Continue reading What Can Go Wrong

The Bounce

As has happened numerous times in history, the markets mounted a high volatility rally after the approximately 10 sigma selloff experienced last week.  Panic and euphoria are always lurking in markets and will serve to draw people into their respective manias at the worst times. We have pointed out that there are many signs to … Continue reading The Bounce