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Raul3

I turn dials and fiddle with knobs to hone in on harmonic rotations

An haphazard update of sorts

First time touching my desk in like two weeks lads. There have been too many folks making claims on my time these last several days, when alls I really need to be doing is gardening.

The NASDAQ busted loose. We were positioned aggressively for this to happen, and yes I did scale off a bit of risk a bit sooner then was correct.

The charts look okay. I see no reason to be eyeing the exits, but maybe that in and of itself is reason to be doing so.

I have hundreds, approaching a thousand, plants I need to install. Many of them needed to be installed yesterday, and I will begin the work today just as soon as I complete this note.

Young lads, that there are folks committed to living on their computers, putting on seminars on how to extract moneys from the global financial complex, folks like Le Fly, count that as a blessing. I see nothing wrong in stepping away from the markets from time-to-time. My biggest wins often come when I am out working the hole. But to have a seasoned speculator out here, hand holding, day-in-and-out, that is a special thing.

I long for the desk lately. I spent nearly $4k recently building a new virtual reality trading rig. I haven’t even taken delivery of the tower yet. The chap who built it is perplexed. I ran into him at a rave last weekend, and he was like, “I built your computer lol, will you ever come retrieve it?” He has been paid in full. It is not money that I lack, it is time.

Time is truly a scarce asset, and even with the use of stimulants like COFFEE, REEFER and HOOTCH powering me to work 16+ hours per day, I am still coming up short on my tasks.

I’ve had to put new sets of tires on three of my vehicles in the last thirty days. The tire dudes they love me.

My desk is papered over with receipts that need to be logged, dating back to mid-March.

“Embrace the madness,” that’s a sign I hung on my office wall a few years ago, I suppose to remind me to stay cool in times like these.

Another sign reads, “If you are greedy, a monster will come for you.” That monster comes from within the self.

Those are the only two signs on my wall. I’ve been meaning to hang a nice portrait of Madam Secretary Yellen, maybe two portraits of that sweet queen, one from her tenure as leadership of the Fed before she was usurped, and another from her current role leading the Treasury.

I also want to go up north and simply wander through the woods, writing stories and foraging for ramps and mushrooms.

Maybe next year.

In summary, I am spread thin lads, and doing my best to maintain a rosy disposition despite the monster grumbling in the background.

I think the memecoin summer rallies of crypto aren’t over. The GWEI on ETH finally mellowed out a bit, and the key now is making sound judgement calls on which is the most silly. I think that HarryPotterObamaSonic10Inu is just dang good humor. TICKER SYMBOL: BITCOIN. How ridiculous is that?

What else, what else…ah yes, I’ve assembled a crew to begin the daunting task of saving a hovel that is adjacent to my urban farmstead. I do believe a more sane person would simply demolish the wreck and start over. But then again, anyone who has spent the last three-or-so years navigating the Detroit Building Department (BSEED) understands that keeping four walls in place removes a ton of painful bureaucracy. So we’re bringing in the cherry picker, some dumpsters, and ten military-aged men to begin the process of saving this moldy oldt shack. For GLORY. For electricity, and for municipal water.

For the last two years I’ve had to truck in water to the farm, a process I’ve used for the last decade to irrigate guerilla gardens all throughout this wonderful Big Gretch city-state. But I’m tired lads and dread doing it a gain. So I am holding off on installing my pepper crop until municipal water is active.

This may have been a blessing, as they are slated to implode the incinerator stack from the nearby trash burning facility later this month. I definitely didn’t want that dust landing on my shishitos. The soil has been covered with thick blankets. Once that end-of-times dust settles, I will throw on a hazmat suit and begin prepping those plots.

The games we play lads, for glory.

Okay for now,

Raul Santos, June 4th, 2023


No strategy session. Terrible. I know. Please seek guidance from the other experts working here. I will be back as soon as I possibly can.

Comments »

We are so back, the crisis is over, commence max bidding

The dang models been pegged bearish for like two months. I am not sure what the heck is going on. I may need to go in and update the thresholds. Nevertheless it is finally coming into a week neutral, and May is underway, and the weather is so fine, and long live the King, and we really like the early polls suggesting sleepy Jim will dominate the reelection cycle.

The axiom says to sell IN May, not like right when May starts. May is a month of hope, and flowers and babies and mammas and 36-hour-long disco raves.

And whilst many Americans are completely on edge, convinced they see massive tears in the fabric of society, some of us just want sunshine and sweet corn. And those folks, folks like your dear and humble pal Raul, well those folks are certain a strong season is upon us.

The charts lo0k good. Semiconductors are at a healthy range low with lots of room to gallop higher. Big tech put up some dang good numbers this quarter. Those Russian crusaders, those red bastards, they’re losing to The West. The West, a wonderful place where patriotism goes to die and we all sort of melt into this brackish blob of hedonists. Really wonderful.

Elon won folks. Those militant news fuckers could not cancel our dear leader, and He consistently wakes up every morning and guides us to a technocratic future where merit matters more than culture wars.

So pretty much as long as you only invest in big tech and Berkshire, it looks like clear skies from now on.

Go on, take some risk, live a little.

Okay for now.

Raul Santos, May 7th 2023

And now the 427th [Truncated] Strategy Session


Truncated Stocklabs Strategy Session: 05/08/23 – 05/12/23

I. Executive Summary

Raul’s bias score 3.03, neutral. Warren Buffet sets the tone early on this week. Expect Monday morning’s trading action to carry through to Wednesday. Then watch for third reaction to the CPI direction to dictate direction until about 2pm Wednesday when the Treasury releases a statement. Lots of Fed speak this week which may or may not induce some choppiness.

What is The Market Likely To Do from Here?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

Comments »

Building a new rig

One of the (many) factors that has kept me out of the futures pits is the state of my computer. I built this old betty back in the summer of 2007. Sixteen years old in computer years is nearly 150 and it was time to upgrade, but lately I’ve been prioritizing farm equipment. Jet Fuel Only still runs pretty great, unless you have more than three raw data feed piping into it. There were some tense moments where it would suddenly B.S.O.D. in the middle of a trade, causing a frantic call to the broker to flatten me out. This added more than a few grey hairs to ma beard.

When it comes time to build computers, for some odd reason I have always been able to find someone former military to do the construction. I tell them I want something that can withstand field conditions, portability into a combat zone and lots of power. The new rig is looking like a bit of overkill—boasting a Ryzen 9 5900x processor, 4070 graphics card and 8TB solid state drive.

You may be asking yourself, “Raul, why in the heck do you need so much horsed power for charts?” The truth is lads, I intend to bring my trading rig into virtual reality going forward. I am told all this power is needed to create the fluidity I need for razor-sharp charts. Soon I will be one step closer to my brain being plugged directly into the exchanges, and I think this is an important upgrade if I am to consistently compete with the Ken Griffens and the armed autists.

I envision a future where I am kept in my pod, hustling the electronic futures pits whist being fed bugs and soiling into a dedicated pipe for my pees and poops.

It is a brave new world lads. I am still astonished by the number of folks who haven’t gone into VR yet, like what are you waiting for?

Anyhow all the parts should be here by Wednesday and with any luck we’ll have this baby running by the weekend. Then I’ll need to migrate all my software over to the new rig and begin the grueling task of upgrading all my trading statistics.

I don’t know, I don’t want to make any promises, but if it seems like there is a way for me to stream the process of gathering information and doing statistical analysis, I may do so.

Trading like I do is hard work. This isn’t, buy pepe coin like I said in my Telegram chatroom and make the monies. This is scour thousands of days of data, build studies in excel, then wake up every morning and go back into the coal mine and execute those statistics. It is a grind and I love it and it is the only way I personally can consistently profit from these bastard exchanges.

Fighting for my life.

Raul Santos, April 30th, 2023

And now the 426th edition of [Truncated] Strategy Session.


Truncated Stocklabs Strategy Session: 05/01/23 – 05/05/23

I. Executive Summary

Raul’s bias score 3.55, medium bull*. Choppy and indecisive markets early in the week. Then watch for third reaction to the Fed interest rate decision Wednesday afternoon to provide direction to the tape heading into the weekend.

*Rose Colored Sunglasses [RCS] bearish bias triggered.

What is The Market Likely To Do from Here?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

Comments »

New Developments…developing

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?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

Comments »

Doing the bare minimum

Folks I must admit, the city came alive this weekend. A prolonged stint of warm weather put the whole city of Detroit into a pleasant vibe man, people we just everywhere. Now I know you folks who live in real urban centers experience this on a regular basis. But for much of the year, hear in the old rust belt, especially in derelict Detroit, this place resembles a Mad Max hellscape of ancient industrial ruins dotted with roving gangs of bandits.

Which is also kinda cool. It is kind of cool, we make peace accords with corn and punkin and it is a vibe also. However, there were all kinds of women everywhere going the devil knows where to do the devil knows what. Drink coffee and plot their revenge against the patriarchy, if I had to guess.

Me, I was just soaking it all in, every last drop of it. And now I find myself overdue for a research update and all I can muster the courage to present is a truncated report. Once again.

These last three weeks have been dang good for the markets. Volatility has compressed. The tape is behaving methodically. Locals are regaining control. Really makes me want to come out of retirement.

But this is also playoff season for any serious gardener. I have an army of plants at my command, all growing as we speak, readying themselves for battle with the elements. Pepper plants now number well over 500. Around 200 tomato. The asparagus is on year three and finally producing spears. Three years ago I started twenty asparagus plants, now I will never have to buy speddigoots a gain.

Also dealing with some shrubs that neeed moving. Egg-a-plant, cucumbits, various hhherbs and more.

Gotta prep some beds for corns and punkins. Hook the irrigation lines back up. Etc.

But I really ought to trade. These tapes have been honest auctions. Maybe I can do both…

Okay for now,

Raul Santos, April 16th, 2023

PS – Remember to pay your taxes folks.

And now the 424th edition of Strategy Session (albeit truncated)


Truncated Stocklabs Strategy Session: 04/17/23 – 04/21/23

I. Executive Summary

Raul’s bias score 3.45, medium bull*. Choppy through Wednesday, then watch for earnings out of Tesla (Wednesday, after-market-close) and Taiwan Semiconductors (Thursday, before-market-open) to provide direction into the weekend.

*Rose Colored Sunglasses [RCS] bearish bias triggered.

What is The Market Likely To Do from Here?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

 

 

Comments »

Happy Easter from your old pal RAUL

Howdy lads. Had to do another one of these truncated reports today because I long for the greenhouse. I finally have that sucker dialed in and it’s a pleasant 82 degrees in there. Now I must begin the process of moving hundreds (hundreds folks, shishito peppers alone there are 400 plants) of plants from seedling tray to small container. I do this, it is slightly more labor intensive, but I like to really baby my pups before I send them over to the urban farmstead to fend for themselves.

On top of my desire to pleasure garden, I am hosting the familia for Easter so I must take to the prep kitchen asap.

In case you missed it I won the annual march madness contest. My name will forever be etched upon the walls amongst great men—brave men who wake up and speculate on the outcome of these numbers on the screen man. I was hoping for a commemorative iBankCoin PICK AXE, to aid in my love of the hole, but I’m told there was only enough room in the budget for a mug.

Such is life it is still very cool thank you.

Raul Santos, April 9th 2023

And now the [truncated] 423rd Strategy Session


Truncated Stocklabs Strategy Session: 04/10/23 – 04/17/23

I. Executive Summary

Raul’s bias score 3.30, medium bull*. Choppy through Wednesday morning, then watch for third reaction to FOMC minutes and Treasury statement at 2pm to dictate direction into the second half of the week.

*Rose Colored Sunglasses [RCS] bearish bias triggered.

What is The Market Likely To Do from Here?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

 

Comments »

Swing away

Morning lads, all models are back up and running. Boy do I yearn to trade this tape—we are really entering solid day-trader conditions, at least the kind I like.

And I know most of yous are losing faith in your old pal raul, assuming I’ve gone to pasture for goodt. Broken in spirit and mind by a society that favors the rich and poisons our food system and pumps pills and jabs into the people at an ever increasing rate.

But that is simply not true. I am a capitalist at heart, and a fierce independent in my day-to-day. Sure, I’ve been set on a side quest to build infrastructure that can produce 80% of my annual dietary needs. And yes, I had no idea how long this would take when I undertook the project. But I have been extracting fiat american dollars from the global financial complex since the early millennium and if you think that is something someone simply walks away from then maybe you’re not a true addict.

For now I am just aspiring for the NASDAQ to tag 13,500. It looks like we could do it this week. In the strategy session below I give some tips on how best to observe the NASDAQ 100. And if you’re really glued to your screens then take a trip into my archives. I’ve been doing this chit live for a long time.

There is no reason you cannot, for free mind you, learn the ways of a ‘local’.

Alright I need to go outside, the temps have warmed to a balmy 35 degrees and I have a greenhouse end wall to complete.

Raul Santos, April 2nd, 2023

And now the 422nd Strategy Session


Stocklabs Strategy Session: 04/03/23 – 04/07/23

I. Executive Summary

Raul’s bias score 3.88, medium bull*. Steady drift higher to kick off the second quarter. Watch for some volatility Friday morning around the non-farm payroll data.

*extreme Rose Colored Sunglasses bullish bias [e(RCS)] triggered, see Section V.

II. RECAP OF THE ACTION

A bit of weakness early in the week, especially on the NASDAQ. A sharp excess low formed by Tuesday afternoon (failed auction on the /nq) and we spent the rest of the week rallying, even printing a trend up on Friday.

The last week performance of each major index is shown below:

Rotational Report:

Strong rotation into the equity complex. Would like to see a bit more leadership from Tech.

bullish

For the week, the performance of each sector can be seen below:

Concentrated Money Flows:

Massive skew to the buy side of the ledger. Expecting follow through to the upside

bullish

Here are this week’s results:

III. Stocklabs ACADEMY

THE BIG SEVEN

One of the reason I’ve always loved exclusively trading NASDAQ futures is that there is so much sentiment to observe. It is easy to be distracted when trading, especially for a busy body like me. That is why I like having lots of information to constantly cycle through that is specific to what I am trading.

The NASDAQ has all sorts of useful indicators that are churned out in real-time like TICK, NASDAQ TICK, advance/decline, and others (I haven’t fired up my trading rig in over a year so my memory escapes me).

We can also keep the big seven charts up at all times. The seven tickers that collectively make up more than 50% of the entire NASDAQ 100 market cap: AAPL, MSFT, GOOGL, AMZN, NVDA, TSLA and META.

These companies are more vital to the health of the equity complex then most nations, and keeping a close eye on them at all times is smart if you want to keep an edge in these markets. Listen to their earnings calls. Become intimately aware of what the analyst care about seeing from these names and of course chart the price action.

Note: The next two sections are auction theory.

What is The Market Trying To Do?

Week ended searching for sellers.

IV. THE WEEK AHEAD

What is The Market Likely To Do from Here?

Weekly forecast:

Steady drift higher to kick off the second quarter. Watch for some volatility Friday morning around the non-farm payroll data.

Bias Book:

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]:

Semiconductors trying to break-out from a key level

Readers are encouraged to apply these techniques to all markets. 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 in balance, the more order flow energy to push the discovery phase.

Market are most often in balance.

Every week this newsletter uses auction theory to monitor three instruments, the Nasdaq Transportation Index, PHLX Semiconductor Index and ethereum

Transports have a clear range and pivot zone. Simply chart to monitor this week.

We don’t know.

See below:

Semiconductors are pressing up-and-away from a super key price level. This could be the start of a discovery up phase. Or it could fizzle out and go back into the crab range. We don’t know. But we do know what levels will tell the story so keep this one on your radar all week.

Ether sort of defies technical analysis. This chart is just hideous. It seems bent on discouraging everyone. I have no clear reading on it.

V. INDEX MODEL

Bias model is extreme rose colored sunglasses bullish. This signal calls for a calm drift, perhaps with a slight upward bias.

Here is the current spread:

VI. QUOTE OF THE WEEK:

“Spring is the time of plans and projects.” Leo Tolstoy

Trade simple, make a plan and execute it

Comments »

Gotta go chase a demon out of the city

Produced a truncated analysis, you will find updated model readings below. No time for a full analysis. There is business to attend to down in the city, and I am already running late.

If we don’t chase this demon out of town there may never be piece on the farm.

Okay for now.

Raul Santos, March 26th, 2023

Here is the truncated strategy session.


I. Executive Summary

Raul’s bias score 3.10, neutral. Bit of strength Monday, then choppy price action perhaps with a slight downward drift into quarter-end.

*Rose Colored Sunglasses [RCS] bearish bias triggered.

What is The Market Likely To Do from Here?

Bias Book:

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]:

INDEX MODEL

Bias model is signalling Rose Colored Sunglasses bearish.

Here is the current spread:

Comments »

Dialing back in

Not ready to produce a strategy session yet, it takes two weeks to put the model back in motion, but I did want to fire up the blog and put some thoughts into the hallowed halls of men who wake up and decide to go take money from the exchanges (and elsewhere).

We have another crisis on our hands lads, the regional banks, in their infinite quest to sit around on their frumpy bums creating wealth for themselves without doing physical work, failed to immunize their deposits. It is like they never studied basic treasury management. Immunization. I think they teach it in the 400 level finance classes. They took on too much duration risk, accounted for it in a sketchy manner THAT WAS ALLOWED, mind you, and have been bleeding all over the ground like a pig on a butcher’s hook since the Fed began its quantitative tightening scheme. But they’re as much victim as villain so let’s cut them a bit of slack.

Jerome Powell is completely unfit to run the Federal Reserve. On a cold day back in November 2017 Donald “time for jail” Trump usurped the rightful head of the Fed, the poised and excellent madam secretary Janet Yellen, installing a frail man who fears inflation and crypto and anything that resembles progress. He has no idea how much damage his actions have caused by pulling the proverbial emergency brake on our economy whilst we ascended the icy mountains to Valhalla. Maybe because he is afraid of heights. Fuckin’ guy sent the powder sled into a pretty steep ravine, and we’ve just sat here, freezing our asses off, until two week’s ago when folks started to die.

Thank the heavens our dear and sweet brawler Janet Yellen is still nearby, operating the Treasury—nearby enough to roll up with her crane and hoist us out of this hole. This charming woman, she truly is incredible folks, goes into the Senate, the lion pit, and battles one vicious fool after another with the skill of an ancient samurai. It truly has been a joy to see her operate these last ten or so days.

Pictured: Madam Secretary manhandling some backwoods Senator from a flyover state.

But let’s not stray too far from the ‘bad actors’, in particular a certain power hungry psychopath by the name of Peter Thiel. If you’ve never read Ryan Holiday’s book Conspiracy I suggest doing do asap. It is important context for understanding our current situation. Much like crypto degenerates create private discord groups where they discuss how and when they will fleece the retail plebeian, silicon valley ceos, venture capitalists, no dang good do nothings, they have private chat rooms and inside these dens of iniquity they take marching orders from Pete Teal okay? He said run the deposits, they did, and SVB went kaboom.

Allright here are some charts heading into next week.

Bear in mind these charts mean very little given the context of bank bailouts, a former president going to jail, west coast John Galts heading for the hills and a hot Fed meeting Wednesday afternoon.

Can Fed Governor Waller afford a house in Washington D.C. yet? BETTER KEEP JACKING THOSE RATES.

The thing is markets tend to rally when folks least expect it. When the fear is palpable.

Me I ain’t afraid of nothing. The truest scarce resource is the attention and admiration of attractive and fertile humans. That is greater than any currency. Therefore I simply continue to add to my long term investments—names that rise above the chaos like Fedex and Costco and Alphabet, and work hardt to stay sexy.

The only consistent I see right now is things are getting weird. And when the going gets weird the weird turn pro as Hunter S. Thompson said.

There are thousands of ways to extract fiat american dollars from the system. The key is to convert those filthy rags into real assets like productive landt, steel and poly carbonate greenhouses, fertilizer, giant machines and so on. We never truly own land, but we can pay taxes to america and do all kinds of fun stuff on it until we die.

My clan has only been in this country for about sixty years. My elders came from southern Italy in the late 60s and moved to Detroit just in time for the riots. We’ve been colonizing this place ever since. We don’t spread religious dogma. We spread concrete and look at us? Dominating the lazy american, with our big moustaches and Gucci loafers. Think where we will be at the century mark…at least if that hell raiser RAUL keeps at it.

Okay for now.

Raul Santos, March 19th 2023

Comments »

Headed to the mountains

Well lads our life is once again in the hands of the CPI data, due out Tuesday morning. I will not be around next weekend to update the model. Instead I will be living in a van, likely by a river, high atop the Canadian rockies.

With any luck the alien invasion will begin whilst I’m away from Detroit, and I can spend the rest of my life wandering around in the mountains, listening to wind and hiding from the extra terrestrial attack. We don’t know.

All I do know is there is an American super football match on tonight and if that cannot boost the morale of the S&P 500, at least for a few hours, then I dunno what will.

Historically I’ve made some of my biggest winning plays when I’m in the mountains. I am putting all the ingredients in place to set my mind up for discovery of fresh ideas.

Because lately lads my best ideas are good for six hundred dollars at most.

I need to dream a gain.

And I shall.

Okay for now.

Raul Santos, February 12th 2023

And now the 420th strategy session.


Stocklabs Strategy Session: 02/13/23 – 02/17/23

I. Executive Summary

Raul’s bias score 2.90, neutral. Bit of strength Monday, then watch for CPI data Tuesday morning to drive price action on the week.

*extreme Rose Colored Sunglasses [e(RCS)] triggered, see Section V.

II. RECAP OF THE ACTION

Choppy early on. Spike higher Tuesday. Spike erased Wednesday morning. Selling Pressure Thursday. Choppy Friday.

The last week performance of each major index is shown below:

Rotational Report:

Rotations not quite as strong as two weeks back, but rallying in the key sectors is a positive.

slightly bullish

For the week, the performance of each sector can be seen below:

Concentrated Money Flows:

After a five week string of bullish rotations we saw them turn negative. Energy continues to trade independently.

neutral

Here are this week’s results:

III. Stocklabs ACADEMY

Back to neutral

Sellers hit the tape last week and some of the gains I was pressing were lost. Now we are back to neutral, no bias. We know CPI will induce a strong reaction, and it is the only notable event scheduled for next week.

Note: The next two sections are auction theory.

What is The Market Trying To Do?

Week ended searching for buyers.

IV. THE WEEK AHEAD

What is The Market Likely To Do from Here?

Weekly forecast:

Bit of strength Monday, then watch for CPI data Tuesday morning to drive price action on the week.

Bias Book:

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]:

Watch Transports

Readers are encouraged to apply these techniques to all markets. 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 in balance, the more order flow energy to push the discovery phase.

Market are most often in balance.

Every week this newsletter uses auction theory to monitor three instruments, the Nasdaq Transportation Index, PHLX Semiconductor Index and ethereum

Transports appear to be in discovery up. They are coming into the week right at old resistance. Primary expectation is for this area to be converted into support.

We don’t know.

See below:

Semiconductors has a pretty solid range forming up.

Ether has the weak lows. This could be one last dip before a strong rally, or it could be the start of a march to new lows. We don’t know.

V. INDEX MODEL

Bias model is neutral after two consecutive extreme Rose Colored Sunglasses.

Here is the current spread:

VI. QUOTE OF THE WEEK:

“What we can control is our performance and execution, and that’s what we’re going to focus on.” – Bill Belichick

Trade simple, focus

Comments »