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I anticipate June being a month with opportunities for both bulls and bears. More specifically, I am looking for a possible 7-10% correction on $SPY at some point over the next 2-3 weeks.
The June $SPY chart is shown below.
May POC: 282.28
Value High: 296.79
Value Low: 279.46
Not shown on the chart is a Nov /ES POC at 3083. If we see any strength in $SPY to start the month, one interesting setup would be a failed breakout of /ES 3083.
(more…)I have noticed something about this rally off the crash low. It has a rhyme to it. I remember thinking to myself during the crash, and hearing other say, “It feels like the entire 2008 financial crisis is condensed into one month.”
We are seeing the something similar transpire with the bullish move off the crash low. The Fed is using the same playbook that launched the QE bull market, but at an accelerated pace.
First, let’s take a look at a chart of the history of QE that Tom McClellan posted to his Twitter feed on April 5th. You can see from the chart that the stock market nicely traced the path of QE up until 2017. Much of what transpired after 2017 was retraced during the crash.
(more…)Before I begin with what I want to say this weekend, let’s just stop and take a look and marvel at what we’ve just seen. For the next hundred years, students of the stock market will look back at the last three weeks and attempt to understand and learn from what we just experienced. A three week 27% crash in the S&P 500 straight off of all time highs. The Russell fell 35%. Amazing.
Neurotransmitters – Practical Applications
In this article we will conclude our series by discussing some practical applications on how to manage neurotransmitters through healthy, natural activities. I hope you have enjoyed the series, and have found a few nuggets to improve your trading and life.
Sleep
Sleep is an edge when it comes to trading and emotion. Sleep works to restore and rejuvenate the brain, removing waste products, and optimizing cognitive ability, behavior, and judgement. Whether it is 8+ hours of sleep at night, or a cat nap during lunch, the benefits of sleep can be seen through a clear and relaxed mind.
Dealing with Loss
In the summer of 2006, I left my job at Dell Computers. I was planning to take a year off, which I did, before moving forward. I spent my year off diving into my passion of investing. At one point I became particularly consumed with the idea of peak oil (13 years later an idea debunked by the combination of US shale oil and QE). At the time though, I needed to buy a new car. I had been driving a truck for a number of years, which I loved. However, with my study of the energy market, I decided to buy something I never would have before. I bought a Prius.
(more…)Compulsion to Repeat
Sigmund Freud was the first to recognize that some people behave not out of a desire to seek pleasure, but out of a “compulsion to repeat.” This theory details how some people endlessly repeat patterns of behavior that are associated with difficult or traumatic events in their lives, particularly early life. In this article we will take a modern day look at Freud’s repetition compulsion. Denise Shull, in the below paper, details how today’s neuroscience intersect with Freud’s “compulsion to repeat”. Let’s take a look.
(more…)Understanding Neurotransmitters
How are emotion and mood developed and affected in the brain? Science has made much progress in recent decades on the study of the human brain, but much is left to be discovered. In this article we’ll take a look at a small piece of what we do know, and set the stage for some practical applications that we can use to increase performance.
Excerpts in this article will be taken from the book “Brain and Behavior” by Bob Garrett and Gerald Hough. This is an excellent textbook used in the study of neuroscience and behavioral psychology. I highly recommend picking up a copy if you have an interest.
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