A Few Bitcoin Statistics and Similarities to Equities

Since January 2011, bitcoin daily returns volatility is 89% while $1 has grown to more than $8,314.  The drawdown profile reflects the speculative nature of this currency and its high risks but some popular large caps went thought similar phases. Can bitcoin become a reserve currency? Some countries would like that.

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Long Live The V-Bottom And The Winner Takes All

The central banks have done it again: a V-Bottom and a 6-day win streak in S&P 500, followed by new all-time highs.

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SPY: Price Action Update [Premium Articles]

This is a price action update for SPY ETF based on results from the P-DOW indicator.

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Premium Content Two-Day Sale

Subscribe to premium content for six months for only $395. This is a one-time offer and includes two online books, Premium articles and Premium Signals (mean-reversion signals not included.) Offer also valid for renewals. Contact us if you have any questions and for payment instructions.  Offer expires May 26, 2017, at 5:00 PM EST.

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Diminishing Equity Index Returns

Despite new all-time highs and a rally in technology stocks, S&P 500 and NASDAQ 10-year rolling returns remain below their longer-term averages. In fact, in the last four years the 10-year rolling return is range bound in spite of interventions by central banks.

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Diminishing Stock Returns And The Unavoidable Bear Market

As equity valuations reach high levels, returns decrease. Despite spectacular trends in some stocks, returns are nowhere near levels achieved when prices and valuations were lower. Many analysts overlook this effect but its impact is significant because it creates conditions for a bear markets or even a crash.

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What You Want From The Market Vs. What It Can Give You

Although there are many rules about trading, I can offer only one in this article because after nearly 25 years in the markets, I have seen many popular rules violated one after the other. My rule is: try to get what the market can give you, not what you want from it. Markets do not like aggression and arrogance, either technical or fundamental.

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Weekly Market Analysis – May 22, 2017 [Premium Articles]

Weekly premium reports include a market recap with commentary, performance report of selected ETFs and portfolios, technical analysis with unique indicators and directional probabilities based on machine learning.

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