Archive for July, 2011
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Searching for Rhythm
Posted by Derek on July 30th, 2011 at 9:11 am, Comments: 0I love discovering new music. It’s one of the reasons I embraced Pandora’s service when it came out…a music genome project, perfect. With a constant [...]
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Climate Check July 28
Posted by Derek on July 28th, 2011 at 3:47 pm, Comments: 0“Price advertises the opportunity. Time regulates the opportunity. Volume measures the success or failure of that advertised opportunity.” James Dalton Clearly this market is pushing [...]
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Climate Check July 26
Posted by Derek on July 26th, 2011 at 3:39 pm, Comments: 0Absolutely nothing clear in the evidence. No bull or bear leanings. No divergences. So what?! We’ve been in a big ‘ol $SPX range for 6 [...]
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Trading Checklist?
Posted by Derek on July 23rd, 2011 at 8:51 am, Comments: 0“How does what is happening today fit into our framework for making this decision?” Ray Dalio Over the years, I’ve always enjoyed reading lists others [...]
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Climate Check July 21
Posted by Derek on July 21st, 2011 at 3:37 pm, Comments: 0That double shake and bake to $ES_F 1316 overnight was deadly for the bear case. I’m still old-fashioned and like to track the NY session, [...]
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Climate Check July 20
Posted by Derek on July 20th, 2011 at 1:34 pm, Comments: 0“I’m a little divided, do I stay or run away?” Foo Fighters As long as it doesn’t interfere with my own trading, I’m going to [...]
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The Times, They Are a-Changin’
Posted by Derek on July 19th, 2011 at 3:55 pm, Comments: 0“Come Senators, Congressmen, please heed the call” Bob Dylan Part of making this a regular afternoon exercise is to force me to share the evidence [...]
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Song Remains the Same
Posted by Derek on July 18th, 2011 at 3:34 pm, Comments: 0Thankfully, I’ve yet to find a redeeming data point that could pull me into expecting an end to the selling. I’ve finally come to terms [...]
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What I Want For Today
Posted by Derek on July 15th, 2011 at 10:52 am, Comments: 0Like my kids, the market rarely does what I want, when I want. But since I won’t be available to post an update later today, [...]
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Climate Check July 14
Posted by Derek on July 14th, 2011 at 3:38 pm, Comments: 0After 72 hours of a wild but essentially flat $ES_F market, it looks to me like the bears are taking control. Not only did we [...]
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Derek Hernquist is a Portfolio Manager at D. Scott Neal, Inc. where he focuses exclusively on implementing an ETF-based Tactical Asset Allocation program for the firm’s investment clients. He studies price action across multiple time frames in search of sectors and More »
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