The warm winds of seasonality, the gentle cues of the index model, and the downside tenacity of January and February have all contributed to an uninterrupted 2-month rally.
I took a shot betting against it, which was proven wrong and a losing proposition. Now model scores are back into grace land, readings so extremely high they usually portend sideways or slight upside action. It looks like the market is setting up for another week of volatility compression.
Last week I slowly made my way down to the southern tip of Florida, a place inhabited by rare birds and barracuda, while rarely checking in on the stocked exchanges. Why do you work extremely hard? I do it for freedom from corporate oppression and to satisfy my hankering for exploration. But soon I will be back to my turrets. I suspect the market will be teaming with opportunity to flip NASDAQ futures when I return, and it it my intention to gather said NASDAQS into my purse.
However this week is shaping up to be relaxing, docile, dare I say benign? Furthermore stock pickers know the rug pull is inevitable, but if they have participated thus far, this ought to be of little concern to them. Well done, especially to the Trade Lounge crew lead by Ragin Cajun and Option Addict.
Exodus members, the Exodus Strategy Session has been published. Be sure to check it out.
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Crude or Asia could spark some vol…. maybe… prolly not though.
It’s all manipulated now. I wouldn’t be surprised to hear the Fed is buying ES every week.
You come down to my neck of the woods and no shout out?
I like your style. Florida is a great place to explore wildlife. Watching the patience and timing of Osprey fishing the salt water canals in my neighborhood is inspiring. Enjoy your well earned time away.