10 Steps for Navigating a Sloppy Market

Published on
February 27th, 2019
Topic
Technical Analysis, Trading
Duration
12 minutes
Asset class
Equities

10 Steps for Navigating a Sloppy Market

Trade Ideas ·
Featuring Frank Cappelleri

Published on: February 27th, 2019 • Duration: 12 minutes • Asset Class: Equities • Topic: Technical Analysis, Trading

Frank Cappelleri, CMT, chief market technician of Instinet, walks through his 10-step process for maneuvering in a “sloppy” market. He examines the charts, runs through a recent example, and discusses what investors should be paying attention to, in this interview with Justine Underhill. Filmed on February 26, 2019.

Comments

  • ml
    michael l.
    9 March 2019 @ 13:25
    Excellent piece. Straightforward and informative.
  • LT
    Lucas T.
    3 March 2019 @ 23:58
    Great short video on a straightforward process. I know many experienced traders who wait for the retrace to get short/long after the breakdown/up.
    • FC
      Frank C. | Contributor
      4 March 2019 @ 01:42
      Thanks, Lucas. The biggest moves over the last year have shown material cracks first. Seems worth it to wait for them.
  • MN
    Michael N.
    2 March 2019 @ 13:11
    intriguing, thanks. glad he mentioned the part about as soon as you stop watching its when you get the move without you. I know that feeling
    • FC
      Frank C. | Contributor
      4 March 2019 @ 01:39
      Thanks, Michael. I agree. Seeing indicators/patterns/systems fail tell you a lot about the present environment.
  • RX
    Robert X.
    28 February 2019 @ 16:15
    I have been following Frank's written research for a while now and consider his discipline and structure (and focus on market internals) to ground his work and be unique among street technicians. Thanks to Real Vision for having him back and hope to see him again.
    • FC
      Frank C. | Contributor
      4 March 2019 @ 01:37
      Thanks, Bob.
  • TG
    Tony G. | Contributor
    28 February 2019 @ 16:12
    This is a great exercise Frank. Especially for someone that got mauled in the short "Battle at 2600." Thanks for illustrating that process, super useful guidance on the steps of a bearish pattern development.
    • FC
      Frank C. | Contributor
      4 March 2019 @ 01:37
      Thanks, TG.
  • AR
    Andreas R.
    28 February 2019 @ 16:05
    Excellent video. Thanks for sharing. Looking forward for the steps for navigating a bullish market
    • FC
      Frank C. | Contributor
      4 March 2019 @ 01:36
      Thanks, Andreas.
  • JC
    Joe C.
    27 February 2019 @ 23:55
    This is a great primer on drilling down to smaller time frames to get an actionable entry. Price action today so far cooperating with the latest bearish pattern off 2800 you lay out here. Initial drop and retracement to the pattern's trendline is one thing, but dropping 3 times from the volume-weighted average price (a Brian Shannon favorite) from the recent SPY high (twice yesterday and once today) is another encouraging sign. A move below 277 would get me interested.
    • FC
      Frank C. | Contributor
      28 February 2019 @ 15:23
      Well said. Thanks, Joe.
  • HJ
    Harry J.
    27 February 2019 @ 22:16
    Justine needs to do another show like rare earth metals! Both were great but the rare earth show was just outstanding. Thx RVTV
  • JG
    John G.
    27 February 2019 @ 20:56
    Thanks for the trading strategy, Frank. It makes a lot of sense to me. I actually wrote it down.
    • FC
      Frank C. | Contributor
      27 February 2019 @ 21:15
      Thanks, John. It was great meeting you at the Real Vision Live event.
  • RS
    Rick S.
    27 February 2019 @ 20:25
    Very good! The thumbs up/down ratio as of this writing does not give it justice, well worth a watch.
    • FC
      Frank C. | Contributor
      27 February 2019 @ 21:14
      Thank you, Rick.
  • JW
    Joel W.
    27 February 2019 @ 19:24
    That was great, thanks!
    • FC
      Frank C. | Contributor
      27 February 2019 @ 21:13
      Thank you, Joel.
  • KA
    Konstantine A.
    27 February 2019 @ 17:41
    Should go to textbooks. Great!
    • FC
      Frank C. | Contributor
      27 February 2019 @ 21:13
      Thanks, Konstantine.
  • AM
    Artur M.
    27 February 2019 @ 14:10
    Very nice, like it a lot
    • FC
      Frank C. | Contributor
      27 February 2019 @ 15:57
      Thanks, Artur.
  • dd
    david d.
    27 February 2019 @ 09:58
    too subjective to be actionable
    • FC
      Frank C. | Contributor
      27 February 2019 @ 15:56
      Hi David. Thx for the feedback. Fair point. I'd argue that every indicator or system is subjective to some extent, which is why so many exist. As many astute traders on this platform talk about, it's more about paying attention to one's rules, regardless of what they are.
    • MM
      Mario M.
      2 March 2019 @ 15:20
      Disagree, he made a great point that in any market one can see bullish and bearish formations. His idea of an oscillator attempts to cut thru the subjectivity and give some objectivity.

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