The News Tells the Story
InvestorPlace.com Chief Technical Analyst Sam Collins is a veteran chart watcher. But the funny thing is, Sam’s most interesting chart of the year involves the fact that news — not technical indicators — moved the market most.
“The most dominant feature of 2011 has been the headline-driven, high volatility of the market,” Sam writes. And considering the year we had — including the Japanese earthquake and tsunami, the debt supercommittee’s failure and the European debt crisis that had seemingly every trader’s immediate attention — should we really be surprised?