How is your day going? Good I hope.
I have a metric that I’m watching to determine if there’s underlying strength or weakness in the tape. I only care about tech, because it’s the best, and has been hit the hardest. On my momentum screen in Exodus, there are 49 names now. Overall breadth is in the order of 83%, a fine showing and I wouldn’t worry too much about this afternoon fade, since it’s a meaningless time of day.
The slow boil from this morning culminated and poleaxed anyone who faded the open.
My momo screen is simple: find stocks up more than 2% for the session, within 1% of session highs. That’s it. Perfect and it works.
Here’s the problem with today.
The rally isn’t to be trust, since we almost died yesterday. Anyone short is waiting for the next shoe to drop. Anyone long is suspect of tomorrow. This is normal and I wouldn’t be surprised if tomorrow was a do nothing Friday.
Not to sounding like a hedging fucking faggot who’s always right and thumbing his nose at everyone, but this is the reason why my quant account has 75% of my investable income and is 100% long and doesn’t adjust intra-month. I review the account on the first day of each month and adjust then.
My trading account is losing money today, but it’s 75% cash, so I’m mostly walking around in a robe with my balls swinging around.
Look for a sharp move to the upside at 3pm for confirmation of today’s rally.
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Regarding the quant account, have you tried readjusting on the 15th of every month instead of the beginning of the month? Does that make a difference?
Hey banksters I’m still up thousands regardless what you do today. Mahalo.
Really? Are we talking Monopoly money or real money, ’cause I’ve never seen you post a single trade or position, other than saying you are short for the last 2+ years or so…
Also, does this mean that you are now neutral/cash or are you still short? You’ll tell us after the next crash, right?
Look, I agree that the market is artificailaly propped with liquidity as well, but you are providing 0 value and 0 cred if you only post AFTER a plunge. I’m calling you PostNGhost (PNG) from now on.
Fuck off. The msg was to inner globalist wall st. They’re about to either Fucking Lose or pull the system down. My stake is academic, historical, legendary, An original 2010/11 realist and permabear, And past the need to verify or validate my fluctuations since at least the start of the endgame leg last september which I called &narrated Spot-shit on