Posts filed under “Trading”

Collapse of Commodities in One Simple Chart

Source: Visual Capitalist

Category: Commodities, Trading

Gold Miners Index Down 30% Since 1993 Inception

If you wanted to own gold in the bad old days, there were only a handful of choices: You could take physical delivery (but if you needed any size, you would incur costs for storage and security); you could buy futures contracts, but they also incur steep expenses; or you could buy the gold miners,…Read More

Category: Gold & Precious Metals, Index/ETFs, Trading

No Spoofing, Quote Stuffing or Flash Orders Allowed

Stock exchanges once were operated as not-for-profit public utilities, managing the listing and trading of companies in the public marketplace. Today, they have morphed into rent-seeking, publicly traded companies in the zero-sum game of executing orders. Where once there were many winners, now there are distinct winners and losers. High-frequency, algo-driven traders — and the…Read More

Category: Really, really bad calls, Regulation, Trading

The Trading Game

Click to play. Source: Bloomberg

Category: Digital Media, Markets, Technical Analysis, Trading

Where Were You On Black Monday?

Where were you on Monday, Oct. 19, 1987? Today is the first time since 2009 that October 19 has fallen on a Monday, and that has me thinking about that day. I recall exactly where I was — in graduate school, walking between classes, when I passed a television broadcasting the collapse. For you youngsters,…Read More

Category: Investing, Markets, Trading

Recalling the Smart Money Index

One of the articles in my morning reads yesterday was an intriguing story by the Wall Street Journal with the headline, “Why Morning Is the Worst Time to Trade Stocks.” It reminded me of someone who in my early days in the 1990s was very formative in my philosophy of markets and investing: Don Hays. (See this 2001…Read More

Category: Sentiment, Technical Analysis, Trading

Thinking About Market Risk

Seeing the market crash from a few weeks ago, it is clear how quickly the market can ferociously hurdle in front of one’s risk models.  Risk models that failed to safeguard against risk when it mattered the most.  Models that left many large hedge funds hemorrhaging - top funds which by definition were supposed to protect their investors in the August…Read More

Category: Investing, Markets, Think Tank, Trading

Beware the Bounce!

The market professionals are returning from their long holiday vacations. That may explain why futures were looking so strong Tuesday morning and the market surged at the open, or it may beShanghai’s late rally that accounts for the brighter outlook. As we have seen, futes can tell us how the markets may open, but not how they are…Read More

Category: Markets, Technical Analysis, Trading

Melt Up!

I am always cautious about stocks that rally significantly after a major break of trend; futures are merely the early look, and we have seen several fades of strong futures. That said, +300 is pretty beefy: click for updated futures

Category: Markets, Trading

Simons: Mathematics, Common Sense, and Good Luck

James Simons – Mathematics, Common Sense, and Good Luck: My Life and Careers

Hat tip theirrelevantinvestor

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Category: Mathematics, Quantitative, Trading, Video