Stocks continued to grind sideways to higher throughout the week. This action was to the chagrin of market bears who are likely feeling the grind.
Statistic of the Week: The S&P 500 Index (INDEXSP:.INX) has risen just 0.5% in two weeks.
Market bulls see this as a net positive, as excess is worked off through time rather than price. And market bears are likely feeling the burn of time as a meaningful pullback couldn’t come soon enough.
Either way, the tension on the tape is real and both bulls and bears are ratcheting up the noise.
Caution is advised though, as this sort of noise can make investors chase, second guess, and capitulate. Stick to your process and follow price.
Enjoy this week’s reads, as we highlight some of the best investing research. Top Trading Links is on!
The S&P 500’s bollinger bands have gotten very tight – Mark Arbeter
Why new highs in August are rare and significant – Ryan Detrick
2200 is a big deal in the S&P 500 – James Bartelloni
How the market reacts to news – Olivier Tischendorf
“My favorite lesson that Bob Zoellner taught me is that when the stress gets so great that you think you might vomit, you should probably double your position, but only if you are then willing to use a tight stop loss on the entire position.” – Marty Schwartz
Knowing where to get out before getting in – JC Parets
Three market indicators pointing to higher prices – Willie Delwiche
Why you should study the hell out of yourself as a trader – Brett Steenbarger
Is it time to bank on financial stocks again – Dana Lyons
Ten things hard about trading – Steve Burns
NEWS AND RESEARCH
What to do when you’ve made a bad decision – Harvard Business Review
6 secrets to true originality – McKinsey
Video: Why you think you’re right, even if you’re wrong – Julia Galef
Introspection – The book of life
Hillary Clinton’s cattle futures windfall – National Review
Thanks for reading!
Be sure to check back next weekend for more links to the best investing research and trading blogs. Thanks for reading “Top Trading Links”!
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.