Charts I’m Watching: Jun 18, 2018

Losses on the S&P futures reached 21 points early this morning, ostensibly on trade concerns.  But, it certainly didn’t help that WTI futures dipped below 64 and RB futures tagged our next lower target (the SMA100 at 2.0055) overnight.With scores of central bankers hitting the airwaves this week, housing starts and building permits coming out … continue reading →

Algos: Still Running the Show

JPMorgan estimates that “fundamental discretionary traders” account for only about 10 percent of trading volume in stocks.  The rest?  Passive, semi-passive and quantitative techniques — whose market share has doubled in the past 10 years. Techniques vary quite a lot.  But, the basic premise is to find factors which are predictive of market direction and … continue reading →