Published in June 28th, 2011
BarroMetrics Views: A Plan for Success
In a very interesting article, Jeff Tucker has this to say about McDonald’s current success: “…It is an old recipe: watch the markets, emulate the successful, adapt and change….”
These are words a budding trader ought to remember.
Most newbies want instant success - we only have to see the countless ads […]
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Published in June 27th, 2011
BarroMetrics Views: The S&P June 27
The sell-off on Friday raises a doubt in my mind about the near-term trend. I was fairly convinced we had seen a low at 1251 basis Sept. The inability of the S&P to mount a sustained rally when it ‘ought to’ raises the likelihood that 1371 (basis cash) will be […]
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Published in June 24th, 2011
BarroMetrics Views: The Fall of the American Empire
This I saw yesterday
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From Dow Jones Wires:
WASHINGTON -(Dow Jones)- Lawmakers are considering changing how the Consumer Price Index is calculated, a move that could save perhaps $220 billion and represent significant progress in the ongoing federal debt ceiling and deficit reduction talks.
According to congressional aides familiar with the discussions, […]
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Published in June 23rd, 2011
BarroMetrics Views: Bernanke’s Press Conference June 21
A reader wrote in with this summary of the press conference. I have not credited him because he had previously explained that he wishes to remain anonymous.
No new QE’s. He defended the prior one based on averting deflation threat, and a claim for ameliorating employment (purely statistical, […]
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Published in June 22nd, 2011
BarrosMetrics Views: Quant Studies
I subscribe to two excellent publications that provide quant studies:
Quantifiable Edges (Rob Hanna) and
Sentiment Trader (Jason Gopfert)
Now I don’t trade off quant studies; my personality is such that I am unwilling to trade a pattern just because a computer has found a pattern. But that doesn’t mean that I ignore excellent work.I […]
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Published in June 21st, 2011
BarroMetrics Views; Wyckoff and the S&P
A couple of readers asked for a Wyckoff Analysis on the S&P in lieu of the Wolfe Wave analysis that I did the other day. Here it is.
Figure 1 shows the move down in the 81-minute chart (day session only) from 1371 in the 1252 with Wyckoff Notations; Figure 2 […]
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Published in June 20th, 2011
BarroMetrics Views: Wolfe Waves
I have received quite a few requests to follow-up on Wolfe Waves. Here is my take. In the free section of my site, I’ll be uploading the material I found on the net.
Figure 1 shows an ideal Bullish Wolfe Wave. It’s a very common pattern and I found that I applied it […]
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Published in June 17th, 2011
Cross ref:
Now is Now!
My sweet friend always keeps me in the loop whenever she has some goodies to share and this is one such bonus from Janice. Thank you, Janice, you are an angel.
You must live in the present, launch yourself on every wave, and find your eternity in each moment…Henry David Thoreau
How […]
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Published in June 16th, 2011
BarroMetrics Views: Context and Trading
One of the areas I feel is most neglected trading education is the importance of context.
There is a pattern I use in my trading, Wolfe Waves, that I find useful in the appropriate context. We are seeing the pattern and its context in the S&P today.
Figure 1 is the e-mini futures, […]
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Published in June 15th, 2011
BarroMetrics Views: An Indication of Things to Come?
When the yield curve inverted in 2006 in the USA, we heard the familiar catch cry: “This time it’s different!”. But it was not and the 2006 inversion preceded the 2008 recession. (see what-does-the-inverted-yield-curve-really-mean.aspx for a comment that was way off base) (see, for meaning of inverted yield […]
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