Posts From Sheldon McIntyre

Sheldon McIntyre
Sheldon began his career in 1996 as an Investment Operations Manager with Tanhnuz Investment Management headquartered in Santiago, Chile. He later became a Managing Partner of the firm responsible for the discretionary asset management division. In 2000 Sheldon joined a New York based long / short equity hedge fund as a Portfolio Manager. He returned to Chile in 2002 and has been working as a Professional Trader, as well as, advising high net worth individuals, family offices and hedge funds. In addition to contributing to See It Market, Sheldon is a Suggested Contributor on StockTwits. His writings have appeared in Benzinga, Minyanville, Business Insider, Daily Crux and Yahoo! Finance. Sheldon is one of the featured traders in the book “Trading: The Best of the Best – Top Trading Tips For Our Times” published by Brian C. Lund. Additionally, he has been a guest on the FXStreet Live Analysis Room with Dale Pinkert and the Benzinga PreMarket Show. Sheldon graduated from the University of Victoria, Canada in 1995 where he read international political economy with honours. He is fluent in English and Spanish. Sheldon currently resides in Santiago, Chile.
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Weekly Chart Scan: Using Discipline To Find Market Leaders

The story of a leadership stock doesn’t begin or end with a story of its fundamental profile or how it broke out from a constructive base or continuation pattern. The story begins at how the stock acted at key moving averages and / or price support during pullbacks, particularly as the general market is attempting to bottom. If the technical foundation of the price structure is unsound, the probability of

United States Equity Markets: Bend or Break Moment

The developing secular bull market in the United States equity markets has been driven by a flood of liquidity resulting from the global monetary experiment conducted by the major central banks of the world. The move has defied forecasts (including my own), pushed many market indicators into the trash and as a result, forced many market participants to play catch-up. To provide perspective, the NASDAQ Composite (COMPQ) is only 100

Capital Markets Snapshot: Clouds, Blood, and Flows

Last Thursday’s overnight equity futures swoon and Friday’s subsequent recovery highlighted the recent injection of volatility in the capital markets. And with this in mind, I thought it would be helpful to share a handful of annotated charts I’m watching and analyzing that highlight some of the divergences, extremes, supports and resistances currently in play in the capital markets. Let’s review the charts and setups: S&P 500 Stays In the Cloud  

Chart Flipbook: A Look At Recent Volatility and Sentiment

There were a number of bearish negative divergences emerging in the equity market complex for several weeks. Standing alone, each divergence carries relevance only at the margin, but as they grow the cumulative value becomes a primary market indicator. This may explain the recent volatility in the markets. Below are five examples. For several weeks the micro-cap & small-cap equity indexes were not confirming the new bull market highs of

Using Weekly Charts To Gain A Tactical Advantage

During stock market corrections / pullbacks in a mature bull market I tend to gravitate to stocks that are displaying constructive price action around key moving averages, specifically the 10-week and 40-week simple moving averages. How a stock’s price reacts around its moving averages provides valuable insight into the underlying demand in the stock, particularly institutional demand. A stock may bounce one day or two days off a daily moving

A Comprehensive Reading List For Professional Traders

This is the second edition of my recommended reading list for professional traders. I have continued the theme of highlighting investing literature that is generally not found in traditional reading lists. The new additions are underlined. Note that the literature listed below can easily be found in book stores or via the internet. TRADING Psychology The following books and articles target some of the core psychological obstacles that traders face every

US Equity Markets: Emerging Flashpoints

Important short-term flashpoints are converging as US Equity Markets head into the final stretch of 2013.  I believe these emerging flashpoints are worth considering in your short-term working thesis for stocks. Here is my list of flashpoints for the US Equity Markets, along with accompanying analysis. Flashpoint #1: S&P 500 Momentum & Extreme Mean Deviation The S&P 500 (SPX) daily chart continues to show a Negative Momentum Divergence.  It indicates that recent

Market Masters: Using Relative Strength During Market Corrections

During a market correction I focus almost exclusively on finding and studying the price action of individual stocks that are demonstrating relative strength versus the general market.  The primary technical indicators I use are the MarketSmith Relative Strength Line (RS Line) and MarketSmith Relative Price Strength Rating (RS Rating) which runs from 1 to 99 with 99 being the best RS Rating.  I’m looking for stocks that show a RS

Bull Market Bend or Break? Key Levels to Watch

The S&P 500 has arrived at the Fourth Inflection Point for the current bull market that began in 2009.  At the previous three inflection points the index looked like it would break, but despite the consensus negative view the index stabilized and resumed the bull market. S&P 500 | 1937 – 2013 (Monthly Chart) As a professional trader and equity market strategist it is imperative to define the long-term trend

Investing Literature To Optimize Your Trading

The following is a summary of investing literature that has been helpful to my development as a trader. The list reads somewhat like a library and is broken out by category and subject (so you can quickly locate literature that may be useful to you). As well, I have tried to get away from the generally listed investing literature and offer up some new alternatives. Note that most of featured