Monday, March 14, 2016

Mar 14 - Sentiment heat map

"Widespread optimism. Almost always precedes 1-3 weeks of flat-down prices, except transitions to new bull mkts."

I subscribe to his service and the analysis provides a nice backdrop to my own research. I have found when my technical indicators line up with his sentiment indicators well, my success rate has been improved. I don't trade solely off of his data but consider them more as headwinds/ tailwinds into a potential trade.


3 comments:

jim said...

So are you expecting a pullback or the start of a new bull market?

Thanks

Greenlander said...

I am leaning towards a pullback but I am keeping an open mind.

Doug said...

Love the heatmap. Thx!

Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...