I’m not an active trader nor am I a technical analyst but something makes me read Brett Steenbarger’s TraderFeed blog regardless. Brett’s background is a bit unusual for the financial markets. He is a clinical associate professor of psychiatry and behavioral sciences at SUNY Upstate Medical University and has authored a few books on the psychology of trading. His “day job” is focused on coaching institutional traders to perform better.
The TraderFeed blog uses technical analysis to guide trading strategy. Since I’m not a chartist, it’s hard for me to assess the quality of his analysis, but it certainly seems thorough and seems comparable to paid services. Mixed in with the charting posts are “how-to” posts on technical analysis strategies along with Brett’s thoughts on the market as a whole.
Perhaps what I like most about TraderFeed is not the blog, but rather his Twitter posts. Each morning, Brett’s tweets begin early, providing details on the Asian markets and continue throughout the day. I’m amazed at the amount of information he can convey in 140 characters. Here’s an example from yesterday:
TraderFeed is probably the most comprehensive free blog for technical analysis. But it’s much more than that and appeals to investors of all types. Today he has a very useful post on the current market conditions and his feeling that "while the market is probably oversold, he's not ready to go back into the market until he sees positive money flows into stocks". Add TraderFeed to your RSS reader, or better yet, follow Brett on Twitter.