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
23,599 Blog Posts

Pressing Shorts into Deeply Oversold Territory is Retarded

Over in Stocklabs we analyze the markets using mean reversion algorithms. I don’t feel like providing you fuckers with a sales pitch — so I will just show you the graph.

That’s oversold for the $IWM. Those signals had been repeated for the past week. Ergo, if you sold short into that you were retarded. The Russell moved +1.5% today, giving the bulls a hope for a brighter future. I managed a gain of +37bps — because I am professionally trained and not emotional. I take sober and measured steps and only really expose myself when feeeeeeeeeling gregarious. Needless to say, I am in no mood for liberal candor.

My Quant jumped 1.1% due to the very heavy weightings in oil stocks. With WTI boosted and heading to $100, you need to keep an eye on those oils and also inflation.

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