My opinion on the market is primarily a function of the hundreds of individual charts I look at throughout the day. When I see a large number of stocks moving on volume increases I take note. Volume is key to my decision making. I need institutional demand on my side. When the big players are piling in it gives me greater confidence that a meaningful price move will produce some upside momentum. I think of volume as the rocket fuel that drives a stock.
It doesn't matter how good a stock is if it doesn't have the rocket fuel. Volume shows ignition. Spring follows winter. Keep your powder dry.
It's a nasty environment out there. Thank you Bernanke, Geitner, Yellen, the Fed, Congress, etc............ We are in a bear market. That said, the risk of a massive spike upward is possible before we resume the inevitable downside due to central bank printing.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
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