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!

May 15 - Closed out IWM puts for +120% and picked up DAL and HD Jun calls

I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...