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February 2, 2016

Too Many Damn Setups

I’m having way too much fun this morning, which accounts for my somewhat belated post. There literally seem to be juicy setups crawling out of the woodwork and I just kept adding new ones while reducing exposure on others in order to reduce correlation risk. So without further ado let’s jump right in:

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August 31, 2015

Time To Pay Attention (Again)

Most market participants suffer from chronic recency bias in that they weigh recent data or experience more than earlier data or experience. In particular retail traders more often than not expect more of the same, which actually is correct most of the time. Except for when it matters the most. Come again?

If you have come here for a while then you have seen me use the word ‘inflection point’ on various occasions. I use that term rather deliberately as it succinctly expresses a moment in time in which an equilibrium between potential outcomes can be shifted rapidly by comparatively small movements in price. Say again?

Back in my wave wanking days [...]

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July 21, 2015

I’m Your Huckleberry

I’m sensing a possible inflection point across various market verticals this morning. Now if you ask me what I mean by ‘sensing’ and if I have completely lost my mind then I would respond with ‘divergences and assorted correlated price action’ to the former and ‘affirmative’ to the latter. Let’s just say that I’ll be bull’s huckleberry up here – but only until 2124.25 – my boldness comes with price limits.

All jokes aside – I’m a bit pressed for time this morning so let me walk you through my nefarious plan. Basically equities seem to be slowing down and are clearly diverging. The YM [...]

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July 16, 2015

The Measure Of Mojo

The canary in the coal mine is happily whistling along and until further notice I recommend you continue to suppress any bearish aspirations. Of course I’m talking about the NQ futures which I yesterday elected to be our measure of bullish mojo. And so far I’m not seeing anything suggesting we’re halting here – yet.

In fact we are painting new highs which suggests we may retest but probably continue higher. It would take a reversal below the Net-Lines with multiple attempts to breach for me to consider taking on any short positions. However even if we drop back below during the session today we have Yellen on the roster and that gives us little [...]

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Cognitive Bias Carousel
  • Herding BiasHerding Bias
    Something very interesting happened during our trip back to Valencia last Sunday. After checking our luggage and passing through the airport’s security procedures we had a … more
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