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NorthmanTrader

Markets-Macro-Charts-Crypto-Alerts-Technicals

A Familiar Ring

The recent new highs on the $NDX accompanying the recent rally off of the August and September lows have been accompanied by bullish headlines. $SPX 2300+, $DJIA 20K, etc. And it is true the action in some stocks is truly awe inspiring. Yet all the action has an oddly familiar ring to it and it may not be bullish. While most traders today haven’t really lived through the 2000 bubble […]

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Weekend Charts: The Man Comes Around

And I heard, as it were, the noise of thunder: One of the four beasts saying: “Come and see.” And I saw. And behold, a white horse: There’s a man goin’ ’round takin’ names. And he decides who to free and who to blame. Everybody won’t be treated all the same: The hairs on your arm will stand up. At the terror in each sip and in each sup. Till […]

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Deviation

Contrary to popular belief technical analysis doesn’t predict where markets are going, but rather it helps traders like us¬†assess risk/reward and probabilities and then we try to trade that assessment. Markets at the end of the day will do the unthinkable on occasion. They crash, they levitate, they do nothing, it’s all a mixed bag. But in general markets follow some general principles, and one of these principles is equilibrium […]

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