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December 23, 2016

Our Last Breadth

I don’t expect that many of you are spending much time trading anymore and that you’re probably busy with last minute Christmas preparations. Now before you accuse me of forgetting about the remaining 77% of the world’s population remember that a vast majority of readers are located either in the U.S., Australia, or Western Europe. Plus we trade U.S. markets which still observe Christian holidays. And last but not least – I’m probably the least politically correct SOB you’ll ever have the misfortune of running into 

Now as today also marks my last active trading session of the year I thought I’ll treat you all to one final momo update. [...]

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November 1, 2016

Bullish Bearish

It is the first trading session in November and that means it’s time for another momo update. What I’m seeing across the board reaffirms the current low participation holding pattern which I proposed in my last update. Various attempts to break even modest support zones have failed and in the process consumed almost all short term bearish momentum over the course of the past few weeks. Although I am still holding short positions from near ES 2150 my perspective now has shifted toward short term bullish and long term bearish. Let me tell you why.

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October 17, 2016

Well Positioned But Skeptical

Last week’s decision to hold through a trading bot driven low participation reversal higher appears to have been a good one as of right now. At least the campaign managed to survive the weekend and that’s no small feat in this volatile market environment, which incidentally is why I am choosing my words very carefully. The ides of October often bring us stormy weather as well as volatile markets. Given ongoing fears of a large scale sell-off another momo update seemed appropriate.

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August 29, 2016

The Momo Motherlode

I swear, I can’t leave for more than a day without the market throwing a tantrum. What quickly has become known as the Fed’s ‘One-Two Punch‘ symbols across the board were thrown into a spastic gyrations last Friday courtesy of contradictory statements issued by various FOMC members. Frankly I’m not sure what all the excitement was about. It’s not that we haven’t been there before as Mrs. Yellen and Co. appear to be adjusting monetary strategy on the fly each month based on arbitrary market measures.

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Cognitive Bias Carousel
  • Sunk Cost EffectSunk Cost Effect
    The tendency to treat money that has already been committed or spent as more valuable than money that may be spent or acquired. Also known … more
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