iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,629 Blog Posts

Exodus Overbought Signal is Now Our Most Reliable Algorithm

In the past, the mean reversion oversold signal was often lauded in these halls as the next great big dick. In recent years, due to market calamities, that signal has been going through courrections. It’s not the algorithms fault. After all, black swan events are by definition UNFORESEEN. So now the algos are simply adjusting to the new normal and identifying stress points as we go. But the overbought signal is UNDISTURBED, thanks to a decade plus of wanton degeneracy in this American bull market.

But we do not use this signal for mean reversion — since markets ripping higher rarely, if ever, pause. Instead, I use it as a momentum indicator, the green light that says “SHORTS ARE ON THE RUN, EXECUTE THEM.”

We just had one the other day and I’d like to illuminate the fact that it is hitting a 83% win rate now for 5 days holds.

Could you fashion this on your own without having to choke up the debilitating cost of $59 per mo? Not in a thousand years can you reverse engineer it. Also, and it’s worth noting, if you cannot invest $500 per annum in your investment career, you have no business in the market. FUCK OFF.

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6 comments

  1. itsgold

    A new era of helicopter money is upon us. Enjoy its splendors while it lasts.

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    • 0 Deem this to be "Fake News"
  2. cancel19

    BTW where’s Showtime?

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  3. purdy

    Gosh, I wonder if the Fed will be accommodative.

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  4. awanka

    I’m turning bullish. God help me.

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    • 0
    • 0 Deem this to be "Fake News"