FED messaging needs a critical look, Powell could get his credibility back if he admitted that 13 years of low rates was a mistake and that they were taking rates back to a normal level. This talk of punishing markets…Continue Reading →
Today’s action is critical, i.e. to take out the SPX 4001 level and set the trap. Now you can be a buyer anyplace between 3910 and 4001. Safe trade is probably to put in an open buy stop at 4046…Continue Reading →
Posted Sunday 8/28, getting ready for a high volatility day on Monday. Here are Jerome’s words on Friday August 26, 2022 at Jackson Hole.“Some of you will suffer, but that’s the sacrifice I’m willing to make.” Those comments by someone…Continue Reading →
No Jerome surprise, he is not going to pivot, but that is not the point. Underlying New Economy factors remain in place. Our underlying fundamental algo basket turned bullish this week, will let the short, big money fed follower group…Continue Reading →
Looks like we are going to get a close over 85.70 on SPXL and we only have half of the 20 % of the buys in the speculative portion of the portfolio completed, discipline says to buy remaining position here,…Continue Reading →
At the end of this ho-hum day, My thoughts going into Jackson Hole: * 3.5 percent is not a high interest rate, really a LT neutral rate. * Jerome wants it all, there will be no Pivot, let’s call him…Continue Reading →
Market is sending a message. Today’s early test of the top of the buy area on SPXL, 85.70 is good. It probably says that 81.20 will not be reached. But be patient, still 3 more days till JH. A close…Continue Reading →
Our trading comments for today first: Our model is starting to deploy on the long side the 20% of the portfolio that we use for long/short hedging. Starting small with SPXL 3X longs at 85.45, just 2% of portfolio for…Continue Reading →
Main points, first, I continue to view June as the bottom in the market, secondly, I view investment in efficient production and use of energy as the biggest driver going forward. Hedge trades at various points in the 3X short…Continue Reading →
11:25 AM CDT I don’t want to turn this blog into a day trading mode, but for what it is worth the hedge model lifted hedges in SQQQ at 36.60.