Trendless

• stevenplace
• June 26th, 2011

Take Your Pick

Many of the opponents of traditional technical analysis will bring out how it’s ability to read the tea leaves is reduced in certain market conditions.

And they’re right. There’s no perfect indicator, and often it requires a little nuance to understand market structure.

We’re in one of those scenarios right now where little can be derived from the market other than it’s a range-bound, choppy, news driven mess. The fact that we recognize it can help our trading decisions, especially when it comes to risk management and position sizing.

In this Episode of Stocktwits Brunch, we discuss:

• conflicting signals, ranging from the $FXE to relative performance of $RUT to $SPX and $JNK to $LQD
• how “messy” equities can be as they come into key levels of support
• a simple interpretation of what’s going on in the $VIX
• this week’s Stocktwits 50
• your individual requests

You can watch the show below:

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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