"We interrupt this program with a special bulletin: America is now under martial law. All constitutional rights have been suspended. Stay in your homes. Do not attempt to contact loved ones, insurance agents, or attorneys. Shut up. Do not attempt to think or depression may occur. Stay in your homes. Curfew is at 7PM sharp after work. Anyone caught outside the gates of their subdivision sectors after curfew will be shot. Remain calm, do not panic. Your neighborhood watch officer will be by to collect urine samples in the morning. Anyone caught interfering with the collection of urine examples will be shot. Stay in your homes, remain calm. The number one enemy of progress is question. National security is more important than individual will. All port broadcasts will proceed as normal. No more than two people may gather anywhere without permission. Use only the drugs prescribed by your boss or supervisor. Shut up, be happy. Obey all orders without question. The comfort you've demanded is now mandatory. Be happy. At last everything is done for you."
trading
Monday 16 August 2021
Sunday 15 August 2021
Sunday 8 August 2021
In summary, everything appears fine, $SP made a new closing all-time high twice this week, but it has not made a new intra-day all-time high since July 29th, so its actually traded in a very tight trading range between 4370 - 4430. A break out of this range in ether direction should give us some momentum.
Friday 6 August 2021
TLT
Thursday 5 August 2021
Tuesday 3 August 2021
Sunday 25 July 2021
Three out of four major indexes are trading at new highs, Russell 2K is lagging.
Thursday 15 July 2021
Wednesday 14 July 2021
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks."
The market moves in probabilities. It's all about what's most likely to happen, but it's also about what could happen.
"Pilots are taught to always be ready for emergencies. And you prepare for the unknown by simulating engine failures and mechanical issues. Then if you actually experience an emergency during a flight, you've already planned out your course of action."
Losses happen. Even if your analysis is spot on, and your thesis is well-articulated, the market can move against you.
The key is to be ready for emergencies in your portfolio. Have a "line in the sand" clearly defined for any new position.
Tuesday 13 July 2021
Monday 12 July 2021
Sunday 11 July 2021
Friday 9 July 2021
When a rising tide doesn't lift all boats it makes me wonder if there's a problem with the boat.
Equities are enjoying a bounce led by some of the beaten-down parts of the market of late namely the Dow industrials, transports, small caps, energy, banks, and materials. Tech is showing relative weakness, as bonds run into resistance.
This is the standard "re-rotation," musical chairs-type of move we have grown accustomed to, although one I am increasingly skeptical of in terms of sustainability. Still, on a smoky summer Friday it may not be the exact moment for bears to try for a major intraday reversal. Indeed, looking out to next week could easily be the bigger battleground, as we find out whether the recent bounce in bonds was nothing more than a bear market rally, guiding a new regime of higher rates for the foreseeable future.
Thursday 8 July 2021
Wednesday 7 July 2021
The FOMC Minutes report is released at 11am PST today.
This could give insight into when the Federal Reserve is going to cut back on its monthly bond-buying program, which has been a major supporting factor in the economy and market growth throughout the pandemic. Though the Fed has been hesitant to end the program anytime soon, it has raised worries of how much debt the economy can handle before inflation gets too hot.
Thursday 1 July 2021
"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”
The market is weaker than the S&P 500 and Nasdaq are suggesting which has been evident in the inconsistency we have seen from stocks trying to emerge from basis. Some are working , but more are not.