The MCM indexes are a proprietary product which indicates not only the emotional state of the markets (via the accumulation index), but also the most important components: the dollars added to the market, the stock share directionality and rich vs. cheap tickets. All these provide important information into the internals of the market and whether […]
Alex is a CFA Charterholder and an active member of CFA Institute. He began his career in banking, spending 10 years in various functions in Risk Management. In parallel to his banking career, Alex expanded his knowledge about stock markets by starting to trade stocks in 2000; then he moved to bonds, futures, options and finally derivatives and leveraged instruments.
Entries by mcm-Alex
On the daily cycles, we can observe that since the beginning of 2015 the market has been just oscillating, meaning moving in regular waves, without any cycle impulses. The cyan lines were marking the start of the waves, with magenta marking the crest. We can see that at point “A” the market did attempt to […]
First some basic information about interpreting the cycles: cycle movements are like waves in nature. The stronger the wave, the more dissipation is needed to release the built-up energy there are two types of waves: "Cyclic" and "Impulse" a magenta line is indicating the peak of a cyclic wave, otherwise said, a resistance level a cyan line […]
Yesterday was a horrid day for DAX. It went up in the morning, when the futures opened and surpassed the 10.000 mark. Actual high was 10.019. And from there it went in a vicious decline to put in a daily low at 9.559. That’s 460 points in just one day! Now anyone with access to the […]