Sharpe Ratio vs. Sortino Ratio
The Sortino Ratio shares many similarities with the Sharpe Ratio, except the Sortino Ratio offers much more insight into the risk associated with a given strategy or asset.
Market Update 2/16 – U.S. Notes (TLT) Nearing Possible Pivot
TLT has been tanking but is nearing a possible pivot from the center line of the channel from the March high. Daily RSI is 25.5. Magenta dots on the chart below show when RSI has been 25.5 or lower. Also, the 2016 is 143.36. This is an extremely important chart given the ‘inflation trade’ narrative. A bounce in TLT would indicate a pause/pullback in the in the nearly year long ‘inflation trade’.
Trading WTF – New Live-Stream from Scandinavian Capital Markets on TradingView Streams
Scandinavian Capital Markets joins forces with TradingView to take advantage of the popular charting platform’s new streaming feature. Michael Buchbinder hosts trading WTF (Where to Focus), Partner at Scandinavian Capital Markets. The next episode will stream live on the 18th of February at 11:30 AM EST / 16:30 GMT which you can watch exclusively on…
Market Update 2/15 – Watch Crude Oil Up Here!
GBPUSD is nearing the critical 1.4000. The trendline off of the 2007 and 2014 highs is slightly above the BIG figure (see below). 2007…2014…2021 (7 year cycle)? Again, seasonal tendencies are extremely bearish through until the Vernal Equinox. I’m on alert for signs of a top near 1.4000.
Trading WTF Episode #1 Recap
In this episode of Trading WTF, Steve Ward, Jamie Saettele and host Michael Buchbinder dig into the overlaps and differences between gambling, betting and trading.
Market Update 2/11 – Big Levels in Copper and Crude
EURUSD traded up to 1.2149 today so a near term top may be in place. The rally consist of 5 waves so expectations are for a drop and then another leg higher. My ‘guess’ is that a prolonged range is underway from the January high. Markets oscillate between trending and ranging periods and EURUSD has been trending higher since March 2020. A reset of sorts is needed in the form of a range. For now, pay attention to 1.2030/50 for support.
Market Update 2/10 – USD Support?
EURUSD traded in a very narrow range today and also made a doji (perfect doji…open and close are the same). Price tagged the month open too (1.2133). The 1/29 high and 50 day average are both 1.2155. Maybe we get a spike into that level before lower? I like leaving a short order at that level. 1.2050s may be support now.
Market Update 2/9 – Watch this Bitcoin Level!
If I look at Bitcoin as nothing more than a liquid asset and apply a channel to price history then 53k (give or take) is a level to pay attention to. The level is defined by the 75 line of the channel from the January 2015 low. As an aside, the Bitcoin bottom then was 1/15/2014…one day before the SNB let the floor go on EURCHF. I bought BTCUSD that day but then sold in May 2017. Worst exit ever? The fact that I think about that now is instructive from a timing standpoint. Anyway, the 25 line was support (highlighted) from May to October last year. As per median line symmetry, the 75 line is expected resistance…which is 53,000.
Market Update 2/7 – Huge Silver Reserval
DXY tanked on Friday but price continues to trade within the short term bullish fork. Price ended Friday right at the 25 line so an early week bounce is possible. 91.30 is possible resistance now. Ultimately, proposed support is 90.50.