Today was boastfully resplendent, and I find my account benefiting handsomely from the malaise to the tune of 2.6%.
Today, in addition to the above apt description, was also about as woefully foetid[sic] as a day can get. After a large gap-down, bulls couldn’t even prompt a morning fill-the-gap rally. Then we had XLF and QQQQ [...]
The beauty of a spreadsheet.
I’ve been wrong about fading this recent countertrend rally at 800, and again at 850, but thanks to using the right stops and risk management, I lost very little. Perhaps I need an executive job at Citigroup, maybe I could show ‘em a thing or two in excel about being wrong [...]
I’m most likely going to be out of pocket until next Monday. Holiday trading, I’ll say it 500 times, just isn’t worth trading.
[click to enlarge]
note: timing!
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Today was pretty predictable, I’m not sorry to say. Before you disagree, read this…and this…and this. Oh, and did I ever fucking nail the 1,2,3,4 shit. Basically, the awesomeness runs deep in my veins.
From my vantage on Mt. Olympus, today was as bullish as I am Spanish, or not at all. We broke our consolidation [...]
Note, 865 is now the “new” chic overhead fuck you area (yellow dotted line).
Look, it’s hard to keep playing the crowded short below lows game, which is why there have been so many fakeouts. I know at least one of you out there got short on weakness below a new low, just to get squeezed. [...]
As I sort through the trash, I see little to encourage me that what we are on is the precipice of a major rally, rather than a major failure.
The XLF and the QQQQ are leading to the downside. The BKX broke its lows. GM is BK.
With op ex this week and the lines so clearly [...]
The LoBV is too low to add new shorts with a lot of confidence.
The market may trade lower, but the probability isn’t the same here as putting a short on in strength, which has been a much more profitable method than shorting weakness . According to the LoBV, you should hold shorts, but not add [...]
I hope you found my title invigorating because I sure am getting a kick out of it.
Sadly, (or perniciously, depending on how much accord you give our dear leaders for leading us into this fine mess) I fear it may be an apt description of what’s ahead for the equity market as we remain on [...]
UPDATE: The Close
up-close
as you can see, the floor I highlighted in my original note did break. My concern was warranted.
UPDATE 3:45:
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The Intraday LoBV:
For those new to the LoBV, it is an indicator I made that projects both overbought / oversold conditions and the speed and vigor of those conditions. So this indicators lets me know [...]
