Apr 29 2008
Tuesday Thinking and Things
I was a bit under the weather yesterday, so I took the day off. Didn’t even look at the markets until after the close. From the looks of things, I didn’t miss much. Pretty narrow range in stocks. Back at it today, though!
I’m still bothered by the lack of any real participation. I was looking at the latest Commitment of Traders data earlier and it was the most dull I can remember seeing. Open interest in all the index contracts is flat and low. Volume is pathetic. The advance/decline figures are not confirming the new highs. While I do see a lot of positive action in individual stocks and sector ETFs, and clearly the market is generally drifting higher overall, one can’t help but wonder if we’re ever going to see some new participation in the move.
Oh well.
By the looks of it, tomorrow I will be guest blogging for Get Rich Slowly, which is a personal finance site. I was asked if I could write something up on stock picking, which I did over the weekend. The subject, of course, is quite broad. Even streamlining the discussion, I was still at about 1500 words when I sent it along, thinking J.D., the host, would want me to cut it down and/or focus on a specific area more. He didn’t, though, which was a surprise.
You won’t catch me arguing, though. That blog has over 50,000 subscribers to its RSS feed alone, nevermind the site visitors. 
By the way, that The Secret to Trading Success post on my trading education blog has got some serious legs. Thanks to a continued stream of people finding it through StumbleUpon, that post has become the second most popular individual post in the history of my blog – in just a week! The site stats show visitor counts over the weekend that are twice what they would normally be for Sat/Sun, if not more.
Again, I won’t be complaining.
Here are some other posts which might interest you:
