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Check out "Smart Stocks"

Posted on Monday, 10 November 2008 at 10:00 AM by Registered CommenterStracia in ,
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We recently came across a technical-analysis blog called “Smart Stocks.” It grabbed our attention for a couple of reasons.

First, markets worldwide have been experiencing such strife that, from across a room, it’s difficult to differentiate a chart of the Australian dollar from corn futures from Otter Tail: Most asset classes have been moving aggressively downward with high correlations.

We are fundamental analysts by training, but clearly “the fundamentals have left the building.” This is always the way in market crises; at such times, technical analysis (TA) combined with fundamentals may be the only crutch. Actually, there is no kind of market environment in which the two do not pair well — but a market vortex rebalances our priorities in favor of TA.

So, it is time to get technical.

As with so many aspects of global-macro investing, it’s difficult to find credible, useful analysis (or even a sounding board) that truly covers the global asset categories. That’s why we devised the GOCMX, which takes the guesswork out of allocating assets among major asset types on a global basis.

SageTrader’s “Smart Stocks” is the work of Mumbai-based analyst Avinash Bachate. We like that his eyeballs are not glued to CNBC, and that in the last week alone, he has published short, clear analyses of major markets in China and Hong Kong, Singapore, Argentina, and the U.S., with supporting exhibits. Last month, he even called a bullish reversal in the World Index three days before the ACWI bottomed.

We are adding “Smart Stocks” to our recently announced Link Panel, in the Technical Analysis section. ♦

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