Last week I had the honor of speaking at the 7th Annual Traders Carnival in Mumbai, India. Bloomberg Quint covered the event and I had the opportunity to sit down with Navneet SalujaDsouza to discuss my process and some of my thoughts on the NIFTY 50 Index. Here is the audio recording of that interview.
Rick Bensignor is an analyst whose work I’ve followed for a long time. In my early days as a technician I always appreciated his intermarket and behavioral approach to investing. When he reached out to me earlier this year I took advantage and invited him on to the podcast right away. Since we don’t know each other very well yet, I tried to really get a good understanding of both his experience and approach to markets. I think you’ll come away from this episode with a better understanding of the changes in the business of wall street research, new perspective on the secular cycles for interest rates and an appreciation for technical analysis as a tool, and not a career. Rick talks about the importance of sector rotation analysis for the long only community and I tend to agree with a lot of what he has to say. I hope you enjoy this one as much as I did.
Jon Najarian has been trading options since the early 80s when he first entered the Chicago pits. I’ve always had an appreciation for the way Jon looks at the behavior of market participants through the options market, particularly the largest institutional players. By monitoring the volume size of these trades, he pays close attention to what the biggest participants are doing, often times trading alongside the “smart money”. I think his perspective on this specific area of the market adds a ton of value to our conversations about Technical Analysis. In this episode, we discuss the new higher volatility regime in U.S. Stocks, what to expect moving forward and a few areas in the market where Jon is seeing unusual options activity. Since we’re lucky enough to have “Dr J” on the podcast, we had to ask him about the Chicago Bears, what the trading life in the city of Chicago was like, how things have changed through Technology and even a few words on Bitcoin and Crypto Currencies. I really enjoyed this conversation with someone whose work I have really admired for a long time.
Jay Woods has been a designated market maker on the floor of the New York Stock Exchange for over 25 years. This being Technical Analysis Radio, I think it’s important to understand what goes on down there and how it’s changed over time. In this episode Jay shares old war stories from one of the most important and symbolic buildings in America. This conversation is the perfect compliment to some of the other perspectives we’ve heard throughout season one of the podcast. Jay Woods is a Chartered Market Technician who focuses on price behavior and sentiment. We discuss the current U.S. Stock Market environment including sector rotation, particularly in Financials and Technology. With volatility coming back in 2018, I think this is a great time to hear from Jay and find out what he’s seeing from the floor of the NYSE.
Jeff Hirsch is the Editor of the annual Stock Traders Almanac, an inside look at the seasonal tendencies of the stock market. As Technicians we study the behavior of the market and market participants. By analyzing how our human activities change throughout the year, as well as various other cycles, we can see the impact it has on the stock market. Yale Hirsch, Jeff’s father, first started publishing the almanac in the late 1960s. In this podcast episode, Jeff tells us what it was like growing up studying charts and seasonality. He then walks us through some of the most important seasonal cycles, and what some of the implications are when markets ignore seasonal tendencies. In this podcast series we like to focus on the current market environment and this episode is no different. The Almanac Trader and I discuss the current Midterm Election year and how January got us started. There are several cycles coming together at once right now and it’s fascinating to hear it directly from Jeff himself. I think this discussion about seasonality is the perfect compliment to some of the other podcasts episodes that showcase different types of technical analysis tools.
Andrew Thrasher is the perfect guest to have on the podcast this month. His expertise in Volatility made him the 2017 Charles Dow Award winner, ironically the year that the US Stock market saw the lowest volatility on record. Today, Andrew is an Indianapolis-based Portfolio Manager at The Financial Enhancement group and we’re thrilled to have him on. In this episode, Andrew walks us through the Volatility spike in early February, some of the things that accelerated the move and what we should expect moving forward. We discuss his thoughts on market breadth, internals and sector rotation. This is a timely conversation with one of the smart ones!