The Traders Journal

Charts I'm Stalking: Action Practice #19: Sector Funds & Their Top Holdings Offer Many Profitable Insights

by Gatis Roze

It’s hard to believe but exchange-traded funds (ETFs) have been with us now for 24 years. Who would have guessed? Perhaps John Bogle. As a rule, investors buy Sector ETFs to smooth out the ride and decrease volatility. The classic measurement of volatility is, of course, the statistical measurement of standard deviation which shows investors how far a series of returns swings from the average returns over a time period of their choosing. I maintain that by peering into the Sector ETFs actual composition — studying the specific nature of their individual Read More 

The Traders Journal

New ChartPack (Q2 - 2017) Providing Timely Tradeable Insights to Help You Invest Smarter

by Gatis Roze

Remember the bygone advertisements from years past about hair replacement?  The gentleman stares into the camera and says “I’m not just the president of the Men’s Hair Club, but I am also a client.”  Our ChartPack deserves a similar endorsement.  “I’m not just the creator of the Tensile Trading ChartPack, but I am also a daily user.” When I think back 25 years to how I traded and the tools I used, I’m stunned.  These days, the ChartPack does all the heavy lifting and truly simplifies the market for myself and all its users.  Not only am I infinitely Read More 

The Traders Journal

100% of Investors from Lake Wobegon Are Above Average

by Gatis Roze

Ninety percent (90%) of Americans believe that they are above average drivers.  Multiple studies have corroborated this impossibility over the years.  I’m certain that the equivalent surveys of American investors would yield a similar fanciful number. It reminds me of Garrison Keillor’s radio show featuring Lake Wobegon — the fictitious midwestern town where all of the children are above average.  My point being that most drivers and investors — like those Lake Wobegon kids — believe they are exceptional.  When you have a Ferrari for a brain but brakes made for a Read More 

The Traders Journal

Charts I'm Stalking: Action Practice #18

by Gatis Roze

So, how did you stack up the equities of the Dow 30 based on Money Flow in Action Practice #17? The first question you should have asked yourself is “what is my personal investing timeframe?”  Clearly, a day trader would not analyze money flow the same as a position trader or as an intermediate-to-long term investor.  The second suggestion I would make is to revisit your own knowledge set about Money Flow.  An ideal place to start is the StockCharts glossary. Read More