I was honored to receive the Mike Epstein award last week in New York from the MTA Educational Foundation. This is an award given “for support of the MTAEF mission, and being an outstanding advocate of Technical Analysis.” I got to know Mike Epstein toward the end of his career, when…
When Charles Dow first wrote about industrial and railroad stocks in the Wall Street Journal, he stressed the importance of the averages confirming one another. The theory being that if both the industrials (the producers of goods) and the railroads (the distributors of goods) were doing well, then the economy…
I regularly run screens for stocks making new highs and new lows on different time periods. While it’s always been a source of new ideas, it also can serve as a perfect illustration of the market maxim, “It’s not a stock market, it’s a market of stocks.” It’s very easy…
Contrarian investing has always been a fascination of mine. From the first time I read Humphrey Neill’s classic book The Art of Contrary Thinking, I’ve been watching magazine covers, newspaper headlines (above the fold, of course) and anything else that can suggest what the masses are thinking. In case you’ve never tried…
I regularly screen for ETFs making new 13-week highs or 13-week lows. This can help to identify emerging leadership before the move has already played out. This week’s new high screen yielded three results: iShares MSCI India Index ETF (INDA), Robo Global Robotics and Automation Index ETF (ROBO) and Guggenheim…