Greetings and 10,000 salutations from the data factory. The machines have been oiled and fresh stock fed into their coffers. The result? Uniform output of signals and bias.
Signals and bias.
Many people question why I come here, to these hallowed halls, day-in-and-out. The truth of it is simple–college refused to teach me how to actively speculate in the stock market. I share my findings so hopefully people less skilled than me learn from my mistakes, and those more advanced correct me or offer guidance.
Nearly 2-years into trading full-time and it has finally become something I am comfortable doing. Comfortable that I can follow my rules but aware of how quickly it can all go wrong when my ego starts making decision.
And yes, I also write opinion and politics. That is to expand iBankCoin’s propaganda arm. Or goal, of course, is domination of the interwebs. We are a lean organization that cannot succumb to the pressures of social media censoring or political correctness. If something is bullshit, it shall be labeled as such without a phone call from a stiff editor who lives behind a desk.
Quite the Sunday digression I suppose, heading into the last quarter of 2016.
Anyhow the model I’ve hand built over the last 99 weeks with help from the algorithims inside Exodus and countless conversations with traders much wiser than myself is out with a bearish call heading into next week.
With all the trimmings (NASDAQ transports breaking consolidation to the upside, bullish sector rotations, seasonality) I have reason to think the downside will be limited. However, early in the week I expect to see some weakness.
If instead the week starts strong, I may look for a spot to fade buyers or book some long exposure.
Over on the NASDAQ futures, I will be scalping longs only (5-6 point grabs) and pressing shorts for more.
Now I must get back inside the laboratory and fuss with my latest gadgetry. Good day. Enjoy your American football competitions.
Exodus members: the 99th edition of Exodus Strategy Session is published. Go check it out!
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