Monday, May 30, 2005


A time for reflection - not only on our veterans and fallen heroes, but in my case a suitable time to reinvent my Blogsite for the following reasons: as mktsentiment.blogspot nears its first anniversary, and I feel even more strongly committed to recording and expanding the material, I want to take advantage of the exponential boom in the blogging movement. Every day there are more RSS feed directories and sites to link to, reaching more eyeballs.Although I have been studying Sentiment since my CMT (Chartered Market Technician designation) thesis was devoted to it 10 years ago, it has been validated again recently, just missing (by 1%) the top 10 stock pickers in Barron's annual educators'/students' contest - and outperforming the S&P 500 by @5% over those 3 months. The overall winner, up @50%, also used Technical Analysis of which Sentiment is an important part.
Recent requests for me to speak before groups such as my Technical Analysis local group ( and Investor's Daily meetup, have reinforced the concept that, since most of a stock's price movement ( up to 70-80%) is due to the strength of the overall market and Sectors/Industry Groups, people are tired of wasting a lot of time analyzing a sea of Fundamental data, yet still cannot outperform a generic index of both good and bad stocks. The '90s saw a huge increase in Information Transparency, lower commissions and spreads, but resulted in the worst stock crash in history because of faulty valuations and corrupt officers and accountants.
The new will also by more user friendly, both in material definition (originally intended for a savvy group of Technicians as an appendage to the TSAA Review and its website currently under revision), as well as opening up the "comments" area (thanks to Haloscan's ability to override Blogger's requirement of membership for commenting). Starting this week I will break down the publicly available Sentiment Indicators I use, and explain their timeframe and accuracy. Please Stay Tuned!

With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Zero (IN)Tolerance

Subscribe in a reader


No comments:

Post a Comment