Fri Dec 23, 2016 3:18pm ESTComments Off on iBankCoin Laboratories Model Updated: A Final Call Heading into Christmas Has Been Made
As promised, the IndexModel has been updated in a rare, before the weekend PARTIAL Exodus Strategy session to determine whether or not a bearish bias remained heading into the weekend.
The primary driver for performing this analysis was to determine if the $QID position I initiated earlier this week should, per the logic of the IndexModel, be held into the weekend.
Exodus members can access the special report by clicking here.
If you haven’t already signed up for a free trial, and you want to read the partial report, click here.
But don’t waste time. The witching hour, when all freeloading guests of our republic will be escorted out in haste, is not at my discretion.
For those of you just tuning in, I’ve been putting on a seminar in auction theory trading, live, full time for over two years. However, the most recent lesson being presented to you pertains to how a market develops value and the best way to engage it.
It all started when we were in discovery, which is one of the two modes a market is always in. An excerpt from the Exodus Strategy Session, for reference:
Markets fluctuate between two states—balance and discovery. Discovery is an explosive directional move and can last for months. In theory, the longer the compression leading up to a break, the more order flow energy to push the discovery phase.
Every week we closely monitor the PHLX Semiconductor index, and the somewhat obscure NASDAQ Transportation index to hammer home these two concepts and hopefully provide useful context on the NASDAQ futures, which are my primary instrument of trade.
What I am doing live, and will continue doing live as long as I have an internet playground, is demonstrating NASDAQ futures trading to you.
Our most recent discovery began December 13th. Back then the profile looked freaky—just the kind I like—because they provide the most opportunity.
This was the picture the morning of December 14th:
It began to mature:
And again:
and again:
and again:
again:
again:
UNTIL NOW, the present profile:
You may notice the market is selling off right now. This may trouble you if you’re too long and for whatever reason not off enjoying Christmas and family.
However, we are coming into the low-end of value. This is nothing for you to concern yourself with yet. It is a mere gyration inside and across value. A round trip, if you will.
It is worth noting that iBankCoin laboratories issued a Krampus alert, which was a way of gussying up a bearish signal generated by the Index Model so you guys would pay attention.
…the plan is to short sell from above value, ride the ripples back down to value and press for a break down and out of value carefully.
Moving on. Some of you, to put it bluntly, are ignorant about the core functions of Exodus. Case in point:
Exodus is not designed so you can shadow The Fly. It is designed to empower you to become a more objective investor and trader. I’ve studied The Fly for over 7 years (kinda creepy, I know) and his core strengths are portfolio building and geopolitical foresight. It’s his penchant for micro fundamental analysis that makes the GARP portfolio the best way to outsource your stock picking research to a Space Alien Magician driving around in a fucking time machine.
THE RESULT? Nealy +20% year-to-date gains, courtesy of Exodus:
If you haven’t noticed, there is a free trial going on right now. That means, instead of sulking around during the holidays, elbow deep in a bottle of scotch, you can sip three fingers of scotch while perusing the most sophisticated market intelligence platform ever created, free of charge. Go sign up now and get inside.
Let me tell you why this free trial is the most important one of the year. The Exodus Strategy session signaled the short last week, and I need to decide whether to carry my short position into the weekend, through Christmas, and into the Santa Rally. Fuckin’ CRAZY right!? So I am going do something a little different. Friday afternoon, as late in the session as possible, but still early enough where I can take action, I am going to issue a partial Exodus Strategy Session—updating the model scores and determining if short conditions still exist. And if you’re inside for a free trial, you will be able to read that privileged information.
Greetings from inside the machine. I am happy to report all weekly maintenance has been completed and the learning machines inside Exodus are running smoothly.
You may not know this, but my work to produce Exodus Strategy Session also includes a series of internal audits to ensure all index and sector data is clean and accurate. It’s the human touch that keeps robots running well. As you transition into a robot overlord position, you will learn all about keeping their cold mechanical hearts pumping.
One of the most interesting observations from this week’s Strategy Session is Industry Performance. It tells a story this week of industrious people preparing to build great companies for our nation, while the hoarder of shiny metals was pigeonholed into their doomsday shelter:
Meanwhile, there are so many moving parts and potential disruptions from our election, MASSIVE opportunities to disrupt archaic industries and make lots of money, and people are distracted. They are taking their eye off the ball. Don’t be like them, shut down the social media feeds and get to work. TODAY, while the Christians are resting and the bumpkins are droning away with their American football.
Exodus members, the 105th Edition of Exodus Strategy Session is live. There is a really good quote from George Soros, one of the most successful financial speculators of all-time. Also, new members, if you want a live-demo with yours truly, shoot an email to [email protected]. Send me TWO TIMES where you could spend 30 minutes on the phone and I do my best to confirm.
Next week sets up November, which sets up Thanksgiving, Black Friday, the “Santa Claus” rally, Christmas and year-end.
And while the outcome of the election is likely to impact the market, the auction theory model, a working model built inside Exodus using cold logic and dead numbers, is providing trading insight for next week.
Writers note – I always take my signals, even through major world events. The huge gap down post BREXIT, for example, turned out to be the best performing Exodus buy trade so far in 2016.
Since we have Free Exodus Trials going on this weekend, here is this week’s Executive Summary, a STOCK MARKET PREDICTION based on probabilities and past observation:
ELECTION PREDICTIONS:
Hillary wins. Perhaps my microcosm skews my expectations but easily 8 out of 10 people I know will vote HRC. Also, even WikiLeaks founder Assange admits “they” won’t let Trump win.
Following the election she will be indicted and removed from office. The jig is up for the Clintons. Kaine will be president.
POST ELECTION PREDICTIONS:
There will be no revolution from the rad-right. Winter will suffocate their fires. They will return to their manufactured homes and opiate addictions.
Big Pharma will continue to thrive and surpass Big Oil to become the largest lobbying group in Washington DC.
Venture capitalists will continue to front run public investor interests, greedily hoarding the best investment opportunities in the world (like Uber, DJI, or Snapchat) until they are ready to cash out onto the fucked-five-ways-to-Sunday general population (see GPRO or TWTR).
Medical costs will continue to rise, but so will subsidies so fret not unless you believe imagined realities like national debt matter (see central banks).
ISIS will continue to grow with support from the shepherd princes of Qatar.
In short, life will go on. Modus operandi.
I hope you enjoyed the show. I realize most of my readers did and also that my real life friends and family unanimously stuck their heads in the sand.
SIDE NOTE ON ALL THE WIKILEAKS:
The food emails from Podesta and team being code for child trafficking nonsense? Stop, you all look like demented crazy folk.
The “Spirit Cooking” paranoia of devil worshiping? Come to Detroit sometime and I’ll show you some bizarre events—it’s hedonistic entertainment.
Podesta’s brother does sound like a sick fuck, with his dick out Jesus painting and room full of nubile portraits. His preferred wall decor isn’t just a conversation piece for cultured socialites; he’s a creep. Whether John is also a pervert is hard to say, but I’d imagine there is some defect in their lineage.
The only revelation that came from WikiLeaks is the $1,000,000 gift to the Clintons in 2011 when Hillary was in the State Department. Liberals will condemn Trump for having “white supremacist” people retweeting him, but have zero qualms with an oppressive country that publicly lashes/stones gays, a country that mutilates female organs to eliminate pleasure regions, supporting Hillary Clinton.
Who has the bigger obligation to bad people? The one with the retweets, or the one with a million dollars?
Use your brain.
HISTORICAL MODEL SCORES:
RECAP OF EVERY BUNKER BUSTER ON RECORD:
9/11/16
All major indices came into last week gap down and rallied higher all Monday. This marked the weekly low. Then, for the rest of the week the NASDAQ worked higher while the other indices went sideways.
6/19/16
We came into last week gap up, well above the weekly ATR band on every major U.S. equity index after polls and other data came out suggesting the United Kingdom was likely to vote against leaving the European Union. An early Monday rally was faded and we ultimately closed on the session low—but the gap into the week remained. This low held through Thursday the markets rallied hard into Thursday afternoon.
Friday, overnight, we learned the UK voted themselves out of the EU, and the market fell nearly 250 NASDAQ points off the high. The open on Friday featured a strong reflex rally right up to the gap we left behind two Friday’s back. From there the market rolled over, traversed the entire reflex rally, and closed out on session low.
5/15/16
Major indices basically tested higher early in the week, tested lower later in the week, and balanced out by Friday. Most indices worked slightly higher through the balance with the Dow Jones Industrial Average lagging behind.
1/10/16
Last week started with a gap up that was faded. The selling pressure Monday was mild and the market ultimately discovered a strong responsive bid by the end of the day. Tuesday opened gap up, tagged the upper ATR band, then slowly rotated lower to close the gap down. Again, a strong responsive bid was discovered and the day closed strong.
Wednesday, after opening with a small gap up, price reversed lower and had a slow grind lower through the morning and lunch hour. The selling accelerated into the afternoon and we ultimately printed a trend day down.
Thursday the selling continued through the early morning before again discovering a strong responsive bid. We spent the rest of Thursday trending higher before sellers stepped in at the end of the session.
Friday saw a pro gap down to a new weekly low. The action on the session was balanced and ultimately formed a decent-looking excess low before reversing and closing above session mid.
12/20/15
Equity indices started the week gap up and after an early fade lower price spent the rest of the holiday shortened week trading higher. Equity products closed for trade at 1:15pm on Thursday, Christmas eve and remained closed Friday in observation of Christmas day.
12/13/15
Markets started the week gap down and sold fast. By the afternoon responsive buyers stepped in. Tuesday the market opened pro gap up and traded in balance. The balance continued up to the FOMC rate decision Wednesday afternoon, after which we rallied.
Thursday we gave back all of the rally from the FOMC event and Friday sold hard, taking price back to about where the week started.
11/15/15
Equity indices started the week with a small gap down and trended higher all day Monday. After a balanced session Tuesday, price spent the rest of the week trending higher.
Friday price appeared pinned into a tight range but overall carried a slight upward drift.
8/22/15
Arguably the most eventful week of the year, stock markets started the week with a major gap down. The NYSE invoked rule 48 before opening bell [it was also invoked Tuesday and Wednesday] in an attempt the quell volatility.
Price drove lower off the open as several stocks and ETFs became dramatically mis-priced. Price sharply snapped higher and by Monday afternoon the Nasdaq was about 275 points off the low. By the close Monday most of those gains were given back. Tuesday opened gap up, buyers made an early push, but ultimately price rolled over, closed the overnight gap, and closed near session low.
Wednesday price opened gap up, sellers pushed into the overnight inventory but struggled to fill the gap before buyers came in and closed price near session high. Thursday price opened gap up and churned with a slight upward drift and Friday price drifted sideways, marking time.
There were four neutral days in a row this week on the Nasdaq. Quite the rare event.
8/9/15
Price came into the week with a big gap up. Buyers kept the pressure on most of Monday before finding responsive sellers late in the session. Tuesday price opened gap down and after some aggressive posturing from buyers and sellers we liquidated lower. The selling continued overnight and Wednesday we opened to a 3rd big gap, lower, and sellers pressed for most of the morning.
Before lunchtime Wednesday buyers responded and began buying. The indices threw down a classic smoke screen with the Nasdaq going range extension down while the rest diverged. After bouncing off the lows, strong reversal and trend higher pressed for the rest of the day. Thursday and Friday were quiet, summer grind-type sessions.
06/14/15
Stocks came into the week with a big gap down and spent the first half hour liquidating lower. Price managed to exceed the prior week’s low before responsive buyers stepped in. At that point the auction reversed and price began working higher. Price continued higher into Wednesday morning before sellers worked in ahead of the Wednesday afternoon FOMC rate decision.
The third price reaction was a buy after the decision which led into a trend day up Thursday. Friday price faded lower but we ultimately closed higher on the week.
3/8/2015
Equities started the week with a small gap up and drifted higher for much of the session before finding responsive sellers (responsive relative to Monday’s open, initiative relative to the prior week’s breakdown) who knocked stocks off the highs. Then Tuesday price opened to a large gap down and trended lower for most of the session. The selling carried into Wednesday and Thursday price went gap up and traded higher. Friday bulls tried to build from their bounce but were overwhelmed by selling which took out Thursday’s swing low before finding a sharp responsive buy near the end of the day
2/1/2015
Stocks opened for trade Monday with a slight gap up and promptly sold off during the first 45 minutes of trade. Price exceeded the swing low from the prior week before finding a strong responsive buyer. The reversal continued into the afternoon and throughout most of the week. This action carried us to the high end of our intermediate term range.
Early Friday morning the markets continued higher after a stronger-than-expected Non-Farm Payroll report and revisions to the prior month. The move stalled out by lunch time and we saw sellers enter and push the market lower slightly to end the week.
1/11/2015
Prices worked lower across the index markets for most of the week after coming into Monday with a small gap up. Volatility was already elevated but truly increased on Tuesday when an early rally was rejected sending the market careening lower. Many large banks reported earnings throughout the week and one after another traded lower [see: WFC, JPM, BAC, C, GS, PNC].
Then, early Thursday morning [premarket] the Swiss National Bank announced it would remove the cap it had in place to prevent the Swiss franc from rising too high against the Euro [Source: Bloomberg Businessweek, click here]. The Central banking move drove one of the biggest shakeups in foreign-exchange history. However, US stock indices showed signs of short term stability and held value.
12/14/2014
After closing the prior week (12/12) on a weak note, going out at the lows, equity markets were gap up Monday morning. The globex buyers were quickly tested Monday when markets sold off and continued lower through Tuesday. By Wednesday morning we started seeing signs of buyers as we went into the afternoon FOMC rate decision and Yellen press conference. The news received a positive reaction and enticed more buyers into the market. Thursday prices opened to a big up gap and we continued grinding higher for the remainder of the week. Also, the Russell 2000 began showing relative strength Wednesday.
FINAL RECAP:
Look for a tradable low this week. Look for Clinton to win. Look for her to be indicted and removed from office. Look for life to go on.
Sun Oct 23, 2016 1:21pm ESTComments Off on No Forecast for Next Week; Just Do Something
The index model has been updated, and I completed an in-depth investigation of last week’s events in the marketplace. Members of Exodus, be sure to check out the 102nd Edition of Exodus Strategy Session.
Despite all my tools and research, I have no statistical means of forming a directional bias for next week, so instead I offer you a tale of struggle and grind and ultimately a breakthrough.
I build most of the tools I work with. Sometimes my ‘tools’ are just useful things created by other people that I cobble together and make my own.
When I see someone going about their business in a way that jives with my style and approach, I take tons of mental notes–think rapid ocular pat down. Rarely will I ask how something works. Instead I build it.
You can design an entire system in your mind and ‘see’ it working. This is how Nikola Tesla created the first ever hydro-electric power plant.
Once a device works in your brain you have to build it, and this is where resources are needed, two big ones, money and time.
I have been building, operating, rebuilding, operating, cursing at, tweaking, and operating my latest tool (more of a system really) since February. It sets up trades for me.
It had the most persistent ‘leak’ in what seemed like an insurmountable design flaw. And it was causing issues. The more the leak happened, the greater the risk of a serious setback, a massive loss. Three month’s worth of gains, gone, type casualty. It happened once in March/April and sucked.
It was the sort of issue I can micromanage and keep it healthy, but this is time consuming. I considered trashing the entire system and trying something entirely new, a different tool I’ve been building in my brain for a while now.
Then Friday, Elder Raul and I were fussing with my system, and he was cursing the stupid problem, and I was just looking at it, and then I fixed it. The leak is solved!
This is a major breakthrough that I have a hard time putting to words, which is the point of this story.
Go do the things you want to do. It is how you learn. Trial by fire. Just make sure the stakes aren’t too high or you might go crazy.
Once you dial in your tools, and this is important, you hammer the fucking gas petal. Go do.
Greetings fine people of the interwebs, it is with humility and honor that I present to you the 100th Exodus Strategy Session, enjoy:
I. Executive Summary
Raul’s bias score 2.90, Neutral. Look for markets to push higher to start the week as bulls attempt to break our current balance, up near annual highs, and continue exploring higher prices. Keep a close watch on NASDAQ Transports. If transports sustain their breakout, it adds confirmation to our expectation for higher prices. Otherwise be cautious to chase markets higher.
Fed Chair Janet Yellen speaks Friday at noon, and the subsequent market reaction may provide direction into the following week.
II. RECAP OF THE ACTION
A gap down Monday starts out a slow week, and afternoon sellers on Tuesday reveal a strong responsive bid. Then, major indices went flat until we heard Non-farm payroll Friday morning.
Third reaction to the NFP at 8:30am Friday was a sell [buy, sell, sell] and led into a lunchtime push lower where both the S&P 500 and Dow Jones bullishly diverged from the Russell 2000 and NASDAQ, ultimately leading into a short squeeze back to Friday’s midpoint to close out the week.
For the week, the performance of each major index can be seen below:
Rotational Report:
Financials held the markets up last week. Everything was lower. Utilities continue to be rotated away from, which is a bullish indication.
However, with all sectors lower aside from Financials, we may have seen cash rotating away from equities last week.
Therefore rotations were neutral-to-slightly bullish.
For the week, the performance of each sector can be seen below:
Concentrated Money Flows:
Exodus [PPT 2.0] streamlines how we can research the individual behavior of each industry and how it pertains to overall market sentiment.
Using the Industries screen, we can filter for the Median Return [1 week] of each industry. I have established an arbitrary -/+ 3% cutoff for qualifying industries of interest.
On an industry level we see a clear picture of money abandoning safe-haven plays like precious metals, REITS, and utilities. Meanwhile the upside was lightly populated.
Concentrated money flows are neutral. While money rotated away from risk averse industry groups, it was not put to work in the higher risk areas of the equity complex.
Exodus Strategy Session. The report is issued every Sunday around 12 o’clock eastern. Each report begins with an Executive Summary of the report’s findings. This succinct statement drills down all the analysis into an easy-to-digest hypothesis for the upcoming week.
Then, we recap overall market behavior, focusing on the most objective information available—raw data from the stock market—and work from the top down to reveal a bias and key areas to monitor for confirmation.
At the heart of the report is a working auction theory model which combines Market Profile analysis with the predictive algorithms inside Exodus to generate long/short signals.
Note: The next two sections are auction theory.
What is The Market Trying To Do?
The week ended with markets trying to locate buyers. There was a strong bid late-Friday, but as the week closed out prices were flagging lower, indicating the market was trying to find buyers.
The markets did a good job finding buyers several times last week.
IV. THE WEEK AHEAD
What is The Market Likely To Do from Here?
Bias Book:
The following biases were formed using basic price action and volume profile analysis. By objectively observing these actual attributes of the market we gain a sense of the overall market context. To quantify the effectiveness of this approach, each of the 4 equity indexes (/ES, /NQ, /YM, and /TF) has been assigned a fixed long/short target using a standard 14-period ATR. Each week there will be an outcome of win, loss, or timed stop on all four indexes. The first bracket level hit is deemed the winner in the event that both sides are tagged. This will be tracked and included in the Weekly Strategy Session.
Here are the bias trades and price levels for this week:
[Note: All levels are as quoted on the front month future contract (currently December 2016) by the IQFeed Data Servers. Prices may differ slightly from your data provider. If you do not have a platform which provides real-time futures quotes, please click here for a free (but limited) alternative.]
Here are last week’s bias trade results:
Bias Book Performance [11/17/2014-Present]:
Compression Watch: Transports Supporting The Long Bias
Markets fluctuate between two states—balance and discovery. Discovery is an explosive directional move and can last for months. In theory, the longer the compression leading up to a break, the more order flow energy to push the discovery phase.
We are monitoring two instruments, the Nasdaq Transportation Index and the PHLX Semiconductor Index.
Transports have broken out from several weeks of consolidation, of balance. This type of behavior typically precludes a discovery phase. In the case of Transports, it appears we are embarking on a discovery-mode up. Price can become turbulent once it breaks balance, but look for Transport bulls to press higher next week:
See below:
Semiconductors continue to be one of the strongest industry groups in the market. It is difficult to make a bearish argument about the price action from this building-block of technology.
See below:
Bias Model: Neutral
After last week’s bearish bias, the model is coming into the second week of October neutral. No bias.
Here is the current spread:
V. QUOTE OF THE WEEK:
“To achieve great things, two things are needed; a plan, and not quite enough time.” – Leonard Bernstein
Trade simple,with a plan. Do it!
Writer’s note: On November 16th, 2014 The Fly put me in charge of the Strategy Session. The discipline of building a week-long bias elevated my trading. Thank you for the opportunity.
The report is clunky and esoteric, but I built it to supplement my trading style–medium frequency NASDAQ futures trading.
Also, thank you to everyone who has supported my research. I hope it has been helpful for you and produced some ‘a-ha’ moments along the way, like it has for me.
Shout out to Trent and the whole team at IQ Feed for providing really clean, raw data from the major markets. With any process, quality in is vital to getting quality out.
Special thanks to FuturesTrader71 for contributing a Great Lake’s worth of trading wisdom and insight all these years, and to his brokerage Stage 5 for all the cool technology they create.
Finally, I would never be here if it wasn’t for a whole cast of people, but one person believed in me long ago. It was RaginCajun. I appreciate you, man.
Sun Oct 2, 2016 12:45pm ESTComments Off on iBankCoin Laboratory Generates Bear Call Heading into October
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!
The central banks normally condemn the downward spiral-type trading that occurred last Friday. For some unknown reason, the markets were permitted to explore lower prices, and while doing so they revealed a severe lack of demand for equities.
In one trading session, sellers effectively moved the markets away from a two-month price range. Now the broad indices are trading at levels unseen since early July.
The price and volume behavior ranked worse that anything the auction theory model inside Exodus has ever seen. These extreme readings often tell a story of opportunity.
I just published the 96th Edition of Exodus Strategy Session, and inside it we discuss two potential trading scenarios for next week. Members, go check it out!
As for the rest of you. Buckle up. The model is calling for speed.
Part of becoming a competent trader is getting to know yourself. To shorten the learning curve, it makes sense to find others in the industry and study their ways. Usually this method results in success early on. Being completely new, you attribute the success to your mentor.
For a while this might work, following the lead of someone else. Once you think you have a grip on the method you may decide to take your own trades. You experience success.
A lack of friction early on can be trouble because it invites your ego to show up. Your ego will tell you how brilliant you are. It will also be the first to pile on criticism when you slip up.
Ego will also propel you to take a trade when you have no edge whatsoever. “But look at that guy–he is cleaning up out there! You’re just going to sit here!?” Marcellus Wallace puts it bluntly:
“That’s pride fucking with you. Fuck pride.”
I have no edge coming into the week. After 4 weeks of bias (the first two bullish, then bearish, then bullish again) the model I use went neutral.
There are no major economic events this week either, unless you think the Consumers Price Index can jolt the sleepy indices.
Writers note: if I am overlooking a major upcoming event that may move this slow market please let me know in the comments below.
Perhaps you have an edge coming into the week. Low volatility trending markets might be your feeding ground. That is great, you understand your method and need to execute at your best right now.
But will you have the courage to do nothing when the time comes?
Exodus members – the 92nd Edition of Exodus Strategy Session has been published. Go check it out!
Have you watched Olympians swim the 200 meter butterfly yet?
They hardly finish the last few strokes. You are seeing the absolute threshold of physical energy exertion.
Meanwhile your good pal Raul is eating a pile of cheesed burgers, enjoying the fruits of Exodus and the intellect of a Space Alien Magician.
Would you rather be some idiot swimming for his wage or collecting a stock market stipend while you enjoy the fat man lifestyle you’re destined to live?
Below are the returns of my GARP exposure, managed using MOTIF:
Funds were allocated near the end of last August and the holdings are adjusted semi-annually by Le Fly himself.
Last year I came to a crossroads. I no longer had time to babysit stocks, so I outsourced the process. 6-month holdings jive well with me because there are very few companies I trust long term.
The list of companies I trust is quite short – Tesla, AT&T, Goldman Sachs…
and Twitter ::ducks under rotten tomato::
GARP, or Growth at A Reasonable Price, allows me to still have exposure to individual stocks and their explosive potential.
Case in point: the adjustment last June put us into Yelp! The stock was already up over 25% headed into earnings. After hours they crushed. The move is likely to propel the GARP index well beyond the S&P 500.
And there are bigger winners then Yelp. Way bigger.
So while I am doing very little, my work is smart–outsourced to a market practitioner 15-years my superior who built a god damned time machine named Exodus.
I’ve more-or-less decommissioned since mid July. Reporting here and there, taking a few tactical positions, scalping my NASDAQ price levels when I feel like it, and overall being a traveling vagrant of sorts.
You too can live the lazy man’s lifestyle if you wrangle in that ego of yours.
I intend to make my GARP perform even better going forward by funneling more capital into it, but not blindly like an W-2 ape. Instead I will add funds when Exodus flags oversold.
If you are wondering yes, this is one of best ways to exploit both The Fly and his software for your own intermediate-term benefit.
Now I must return to oiling my beard and watching Olympic sports.
