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Showing posts from October, 2017

Dow Jones Soaring to New Highs: The Dow 30 in Charts

The Dow Jones Industrial Average (DJIA) climbed to a new high above 23,450 today.



If the Dow Jones 30 can close the week positive, it will mark the seventh straight week of gains in this highly-followed US stock index. The Dow 30 has climbed over 5,000 points since last October, a 29% gain in one year.



Supporting the DJIA this week are major components like Caterpillar (CAT) and 3M (MMM), both continuing their climbs on strong 3Q earnings. 

With big cap industrial movers like CAT and MMM, plus US banking leader JPMorgan Chase (JPM) making new highs, the Dow's uptrend is intact and has been propelled higher (despite the persistent "crash" callers).  

3M extending the new highs, +7% today after 3Q earnings. $MMMpic.twitter.com/glkOIvjCtu — Finance Trends (@FinanceTrends) October 24, 2017
$JPM past the century mark, a new ATH. 20-year chart of JP Morgan Chase. pic.twitter.com/OQ4b63NK7V — Finance Trends (@FinanceTrends) October 24, 2017
The Dow is also helped by the recent stren…

Market Wizard, Steve Clark on Trading: Grow Your Equity Curve

Trading wisdom recap: Steve Clark, founder of Omni Partners, was featured in Jack Schwager's 2012 book, Hedge Fund Market Wizards

Clark's interview with Schwager provided us with some valuable trading insights; "Lessons from Hedge Fund Market Wizards: Steve Clark" was one of our most popular posts ever.

If I had to pick my favorite sections from Clark's chapter, it would be boiled down to these two concepts: "Do more of what works (and less of what doesn't work)" and "Manage your equity curve".

Here's his full quote on the supreme importance of growing your equity curve

"Your job as a trader is to make the line of your equity curve go from bottom left to top right. That's it. Don't get hung up on other supposed "mandates". Protect your capital and the direction of that equity line."
I will leave you with one last series of quotes from Steve Clark's interview with Jack Schwager. When asked about the ch…