No time to elaborate lads. Came into some gains over the weekend that may accelerate my return to the futures pits.
Market models are flashing neutral across the boardt heading into month-end. It seems like we’ll either be surprised with a news item this week or take our overall direction from Big Tech earnings. I wouldn’t read too far into any of it until we see how the first week of May trades.
Okay for now,
Raul Santos, April 23rd 2023
And now the 425th (truncated) Strategy Session
Truncated Stocklabs Strategy Session: 04/24/23 – 04/28/23
I. Executive Summary
Raul’s bias score 3.03, neutral*. Big Tech earnings likely to dominate the cycle this week. Watch for reactions to these reports to dictate direction this week. Also month-end, really difficult to forecast with any directional conviction with the model neutral and all these events on deck.
*Rose Colored Sunglasses [RCS] bearish bias triggered.
What is The Market Likely To Do from Here?
Here are the bias trades and price levels for this week:
Here are last week’s bias trade results:
Bias Book Performance [11/17/2014-Present]:
Bias model is signalling Rose Colored Sunglasses bearish.
Here is the current spread:If you enjoy the content at iBankCoin, please follow us on Twitter