by Don Vialoux, TechTalk
Market Responses To Bernanke’s Comments Yesterday
Markets quickly responded to Federal Reserve Chairman Ben Bernanke’s hints yesterday that the Fed may taper Quantitative Easing later this year:
· The S&P 500 Index and the Dow Jones Industrial Average quickly fell back below their 20 day moving averages
· Yields on U.S. Treasuries spiked and Prices on U.S. Treasuries plunged
· The U.S. Dollar and its related ETF moved sharply higher.
· International equity markets were weaker than U.S. equity markets. The Mexican ETF is an example:
· Precious metal prices and related ETFs resumed downtrends.
Other Interesting Charts
Grain prices moved higher on a bullish crop report. Corn was notably stronger.
Second Quarter Earnings Expectations for the Dow Jones Industrial Average Companies
The outlook for second quarter earnings by the 30 Dow Industrial Average companies is not impressive. Average (median) gain on a year-over-year basis is a gain of only 3.0%. Seventeen companies are expected to report higher earnings, ten companies are expected to report lower earnings and one company is expected to report no change. Cooler, wetter weather in North America combined with an economic slowdown in Europe, emerging nations and China has taken its toll. Following is a summary of expectations.
* Median company
Source: Zachs Investment Research
Adrienne Toghraie’s “Trader’s Coach” Column
Repressed Emotions for Traders
By Adrienne Toghraie, Trader’s Success Coach
Do you have a pattern of making money in the markets and
then losing a great deal of those profits in one fell swoop?
In my experience coaching traders for 23 years, this form of self-sabotage is from what I call repressed emotions. Repressed emotions result from events from the past where there was a deep emotion that was repressed from being expressed. When these emotions are not allowed to express themselves, they are then buried deep within our neurology. The emotions then become like a pressure cooker that builds up steam. Add more such incidents, and the steam from the pressure cooker overtakes the lid and bursts out into one big mess. For a trader that generally means a big loss.
Combine repressed emotions with other forms of sabotage such as fear of success, failure, or loss and you then have a double-whammy of sabotage. These issues usually require coaching at a subconscious level.
Yuri the yo-yo trader
I met Yuri at an Expo in London. He took my Trader’s Evaluation and it was clear to me that he had repressed emotions and other self-sabotage issues that showed up negatively in his trading results.
Yuri was born in Russia and left when only a child. His father did what he could to keep food on the table and eventually became a taxi cab driver. Yuri knew many hungry days as a child and listened to countless arguments of his parents over money. His father drank heavily and there were many beatings. However, Yuri refused to let his father see him cry.
Yuri’s mother became a seamstress, then a designer and finally opened her own shop. She eventually asked for a divorce and took Yuri with her. From then on, Yuri lived a privileged life with his mother who afforded him a college education where he learned to be a gentleman. He eventually received a Masters Degree in finance and was accepted to work for a bank in training to be a trader.
At first Yuri was considered the wonder-boy, but when he started to put pressure on himself to produce more profits he had a meltdown and lost a huge amount of earnings in one day. From then on Yuri’s confidence was damaged, and he continued the pattern of earning good profits, only to lose a large chunk of them.
Yuri had many self-sabotage issues, but he thought that he could overcome them on his own. He took my trader’s home study course and recognized himself in many of the books. He realized he needed a Trader’s Coach to face the repressed emotions that were holding him back from being as profitable as his strategy would allow and decided to work with me privately.
Signs of repressed emotions
Here is a list of some of the signs that you might be dealing with repressed emotions:
· Repeated pattern of making money consistently and then losing a large amount
· Temper outbursts
· Addictive behavior
· Creating situations where people who were once friends and other significant others do not want to be with you
· Being fired from several jobs in a row
· Getting bored easily
· Needing constant stimulation
· Depression
While there are other issues that can be related to the issues stated above, the self-sabotage of repressed emotions is usually part of the mix.
Steps you can take to overcome the issue of repressed emotions
· Acknowledge that it is a problem
· Work only when you are feeling peaceful and relaxed in a nurturing environment
· Create situations where you feel great emotions, through reading books, looking at movies, going to a comedy club
· Take a class in Stanislavski Method Trading for actors
· Work with a trader’s coach who has the ability to work at the subconscious transformational level
Conclusion
Repressed emotions will always find a way to become active especially when people put pressure on themselves. It has been my experience that all self-sabotage issues will reach the surface and eventually create havoc in profits for a trader. When self-sabotage becomes a chronic issue, then it will continue to be such until it is handled on a subconscious transformational level.
Adrienne’s Free Webinars
Adrienne presents free webinars on the psychology of trading
Email Adrienne@TradingOnTarget.com
ADRIENNE TOGHRAIE, a Trader’s Success Coach, is an internationally recognized authority in the field of human development for the financial community. Her 13 books on the psychology of trading including, The Winning Edge1-4 and Traders’ Secrets, have been highly praised by financial magazines. Adrienne’s public seminars and private coaching have achieved a wide level of recognition and popularity, as well as her television appearances and keynote addresses at major industry conferences. TradingOnTarget.com
Special Free Services available through www.equityclock.com
Equityclock.com is offering free access to a data base showing seasonal studies on individual stocks and sectors. The data base holds seasonality studies on over 1000 big and moderate cap securities and indices. Notice that most of the seasonality charts have been updated recently.
To login, simply go to http://www.equityclock.com/charts/
Following is an example:
AGU.TO Relative to the S&P 500
Disclaimer: Comments and opinions offered in this report at www.timingthemarket.ca are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.
Don and Jon Vialoux are research analysts for Horizons Investment Management Inc. All of the views expressed herein are the personal views of the authors and are not necessarily the views of Horizons Investment Management Inc., although any of the recommendations found herein may be reflected in positions or transactions in the various client portfolios managed by Horizons Investment Management Inc
Horizons Seasonal Rotation ETF HAC June 19th 2013
