Matt’s Breadth Indicator Has Turned Red

It actually turned red on October 25th, but I was away on vacation and couldn’t update it right away.

Interesting to compare how low the indicator is, as compared to the S&P 500. While the SP500 has traded in something of a range since the drop on 9/9/16, the wider breadth indicator has taken a serious plunge over the last week.

What does it all mean? How should I know?! Why do you ask me those silly questions anyway?


Maybe the Exits are More Important…

If you've made a mistake with a trade, there's no shame in finding the exit.
Yes I’ve used this image before on my blog, but a) I shot it and b) it seems appropriate to this post, no?

As traders, we spend a lot of time thinking about our entries into a trade. What stock, commodity or currency to choose, when is the best timing, etc. But what if the entries don’t matter? What if trading is all about the exits?

Ok, that’s a really simple-minded statement, but I’m a little simple-minded, so stick with me and let’s see where this goes. I wanted to see what it would look like to pick stocks randomly, and exit with a trailing stop.

Continue reading Maybe the Exits are More Important…