Posts From Sheldon McIntyre

Sheldon McIntyre
Sheldon began his career in 1996 at an investment management firm headquartered in Santiago, Chile, where he later became a Managing Partner of the firm responsible for the discretionary asset management division. In 2001, he joined a New York based long/short equity hedge fund as a Portfolio Manager. In 2002 he returned to Chile to trade independently and in 2011 founded 360° Virtual Advisor exclusively for Chilean clients. In February 2015 I opened 360° Virtual Advisor to international members with the transition to the Benzinga Marketfy platform. You can find out more by visiting his website: 360° Virtual Advisor Live. Sheldon is a contributor to the financial website See It Market, as well as being an official contributor on StockTwits. His writings have appeared on several other financial sites and he’s been a guest on the FXStreet Live Analysis Room with Dale Pinkert and the Benzinga PreMarket Show. He’s also a featured trader in the book “Trading: The Best of the Best – Top Trading Tips For Our Times” published by Brian C. Lund. Sheldon graduated from the University of Victoria, Canada in 1995 where he read international political economy with distinction. He’s fluent in English and Spanish.
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Stocks Vulnerable As Market Momentum Wanes

Waning Macro Market Momentum Indicates It Is Time To Row, Not Sail From October 17 – November 28, 2014 the S&P 500 closed 29 consecutive days above the 5-day moving average. It was the longest streak of equity market momentum in the history of the index, surpassing the previous record of 27 days set in 1928. Underlying the surge into early November was a grand orchestration of policy announcements and

Secular Bull Market Study: How Long Before A Bear Market?

Could the S&P 500 continue to advance to 3615 – 3944 before a cyclical bear market? Yes, that’s possible based on historical precedent. To better understand the current secular bull market, it’s a good idea to revisit past ones for size, scope, and quantitative comparison. Let’s start with the 1950’s secular bull market. 1949 – 1956 In June 1949 the S&P 500 launched a new secular bull market that rallied

US Dollar Secular Bull Market Flexes, But Correction Near

The US Dollar secular bull market began in the second quarter of 2011. During 2012, 2013 and early 2014 the currency successfully tested the 200-week simple moving average (sma) on several occasions as the long-term moving average flattened after the 7-year bear market from 2001-2008. Since mid-2014, investors have seen a strong USD rally with a breakout above the 2009 and 2010 highs, the 1985 / 2001 trendline and the

Why The Italian Stock Market Is Readying For Liftoff

The ongoing Greece negotiations have overshadowed the improving technical conditions of several European equity markets. The London Financial Times Index (FTSE) is attempting to breakout above the 1999 highs after successful tests of the 200-week sma in late 2014. The French CAC 40 Index (CAC) has broken out from a multi-year channel after a successful test of the 200-week in 2014. The FTSE Milan Index (MIB), representing the Italian stock

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