Dancing with the Trend

Greg Morris
About the author: has been a technical market analyst for over 40 years and is the author of several popular financial analysis books including Candlestick Charting Explained, Investing with the Trend and The Complete Guide to Market Breadth Indicators. Before retiring, he served as the Chief Technical Analyst and Chairman of the Investment Committee for a technical-based money management company with over $5.5 billion under management. Greg has appeared on CNBC, Fox Business, and Bloomberg Television and has also spoken at numerous financial conferences around the world.

Latest Posts

Dancing with the Trend

New Year Nonsense

by Greg Morris

Each year for as long as I can remember pundits, experts, and talking heads are offering their projections (guesses) about the new year and what to expect from the market.  There are a few ‘techniques’ that seem to be used each year such as the January Barometer, the Super Bowl Indicators, etc.  Let’s review what they are then I’ll try to shoot them in the head to put them out of your misery. January Barometer The January barometer is based on the view held by many in the stock market that the performance of the S&P 500 index between the first Read More 

Dancing with the Trend

Wake Up so You Can Sleep!

by Greg Morris

Why is it that many will believe almost anything they hear or read?  You need to learn to only pay attention to the facts.  Let me offer a recent real-time event and some of the wild imagination used by the experts about what happened.  Malaysia Airlines Flight 370, a scheduled international flight operated by Malaysia Airlines, disappeared on 8 March 2014 while flying from Kuala Lumpur International Airport, Malaysia, to Beijing International Airport in China. The aircraft last made voice contact with air traffic control at 01:19 MYT, 8 March when it was over the South Read More 

Dancing with the Trend

Tools of the Story Teller!

by Greg Morris

In an article, I published some time ago, The Many Faces of Technical Analysts, one example was the Story Teller.  I captured this idea from Barry Ritholtz when he asked the question “Are you a Trader or a Story Teller?”  Parts of that section are reproduced below.  In that article, I also discussed the Newbie, Hobbyist, Salesman, Practitioner, Academic, and Authors. Another word for the TV experts, talking heads, special guests, pontificators, gurus, and those that are part of the endless parade showing up daily in the financial media.  Read More 

Dancing with the Trend

Market Breadth and Technical Analysis

by Greg Morris

Some of the following is from my book, “The Complete Guide to Market Breadth Indicators,” published by McGraw-Hill in 2005, with the Second Edition now available in Amazon Kindle format. “The noblest pleasure is the joy of understanding.”  Leonardo da Vinci Market Breadth Market breadth indicators are those indicators that are sometimes referred to as broad market indicators.  Probably the simplest way to think of them is to realize they generally do not refer to, or use information relating to an individual Read More 

Dancing with the Trend

Dancing with the One That Brung Ya!

by Greg Morris

My apologies to the late Darrell Royal, the University of Texas football coach who used this saying often when defending his continued use of the “wishbone T,” an offensive football formation that some were always questioning.  The saying has a valuable message that is applicable to many endeavors; simply, do not forget how you got where you are.  It is very appropriate to investing strategies that have long-term success. It seems that this simple, yet on-the-mark concept gets lost when it comes to making money in the equities market.  The fortunate among us have Read More 

Dancing with the Trend

Hindenburg Omen

by Greg Morris

There are many who are now talking about the Hindenburg Omen so I thought I would explain what it is and where it now stands.  This is easy since I knew Jim Miekka (creator of the Omen) as he offered to assist me when I included some of his material in my “The Complete Guide to Market Breadth Indicators.”  Jim also made many other contributions to technical analysis, including a mathematical process to refresh the McClellan Summation Index. The Hindenburg Omen is an indication of market tops and was created by James R. Miekka and dubbed “the Hindenburg Read More 

Dancing with the Trend

Article Summaries 8-2016 to 10-2016

by Greg Morris

Most blog authors on StockCharts.com are writing about the current markets and do an exceptional job.   I do not write about the current markets as I wanted to share my experiences after 40+ years as a technical analyst.  Not only experiences with trading and investing, but model building and money management.  I also share the details of all the Master’s degrees I have – those expensive learning experiences that hopefully I learned something from.  Since I rarely go back into the archives of other’s blogs that I read, I wondered if that is common or not.  Read More 

Dancing with the Trend

Time for Genuine Concern or just More Wall of Worry?

by Greg Morris

Is this a market correction?  Generally accepted levels (-10%) that most deem as a correction versus just a market pullback (-5%).  Is this going to become a bear market (-20%)?  First, there is not a person on Earth that knows the answer (despite what you hear on TV), and I do not even attempt to claim that I do.  I read a great deal, too much maybe.  Many believe this is just a correction in an ongoing bull market.  Many technical analyst friends of mine strongly offer evidence that a bottom is going to be soon.  And just as many think we are at the Read More 

Dancing with the Trend

WHY Are So Many Esoteric Things Attached to Technical Analysis II

by Greg Morris

This is the second in a series with the first few paragraphs the same as the first one.  I am not sure why there are so many vague and totally subjective analysis techniques that have become part of technical analysis.  Probably because the main stream Wall Street and their marketing department, academic finance, does not follow technical analysis like they do the accepted rubbish from the ivory towers.  Early in this WHY series I tried to be convincing that technical analysis’ basic premise is the analysis of price; price that is determined in the auction marketplace.  Read More 

Dancing with the Trend

WHY Support and Resistance Works

by Greg Morris

Support and resistance are mainstays in technical analysis; sadly, misused and abused by many.  The purpose of this article is to hopefully explain why they work when used properly.  I have to admit that when I first got interested in technical analysis and charting, I drew trendlines all over the place.  Once I began to fully understand the basic premise of technical analysis; that it is based upon price; price that is determined in the auction market by buyers and sellers.  I have discussed my thoughts on trendlines in an earlier article but after 45 years only Read More 

Subscribe to Dancing with the Trend to be notified whenever a new post is added to this blog!