Top Trading Links: Market “Noise” Ratchets Higher

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!

 

MARKET INSIGHTS

The S&P 500’s bollinger bands have gotten very tightMark Arbeter

Why new highs in August are rare and significantRyan Detrick

2200 is a big deal in the S&P 500James Bartelloni

s&p 500 price targets 2200 big level_august

 

How the market reacts to newsOlivier 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 inJC Parets

Three market indicators pointing to higher pricesWillie Delwiche

Why you should study the hell out of yourself as a traderBrett Steenbarger

Is it time to bank on financial stocks againDana Lyons

bkx bank index chart price resistance august 2016

 

Ten things hard about tradingSteve Burns

 

NEWS AND RESEARCH

What to do when you’ve made a bad decisionHarvard Business Review

6 secrets to true originalityMcKinsey

Video: Why you think you’re right, even if you’re wrongJulia Galef

Introspection The book of life

Tesla autopilot drives impaired man to the hospital, saves his lifeBig Think

Hillary Clinton’s cattle futures windfallNational 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”!

 

Twitter: @ATMcharts

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.

 

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