Profit taken on the still much ugly DBC, which has dropped to potential support. Loss taken on GDX, which was overseeing the hold and additions of longs that look like…
Brokerage Account: Overwhelmingly long... Green Roth IRA Account: 100% long... Green Trading Account: 100% short... Green And no, I am not bragging because if I were to do that you…
[edit] aware of my self-congratulatory tone I've taken the profit on 40% of the SIMO position, actually bringing it in line with the BBRY position, on which I previously took…
As we noted in NFTRH 448... SPX and Dow did some gap filling as man and machine used the word “Impeachment” blared throughout the media as an excuse to sell.…
I took the dividend and profit on IBM and clipped another item before it could start rolling up a loss. I think that precious metals will bounce, but they are…
[edit] Well, it's back to Pallookaville as the gap fills. It's okay, I've got time. I have held this one for months now, since the big move away from devices…
I took profits on a couple of items in order to seed into some non-starters that I feel will do well for as long as the stock mania is intact. …
The election's aftermath saw me sell bullish hype (ex: profit on GS and an ill-fated short on IWM, since closed at a loss) and buy negative hype. Here is how…
"Spooky"... that is the word I used in an email to a subscriber who commented on yesterday's post about the Breadth Thrust data sent by another subscriber. The post was…
Pardon the sensational post title, but an email from a subscriber ('L', a financial advisor) had a grounding effect on me. He sent me this photo along with... "I thought…
Per the request of an NFTRH subscriber who has been using these vehicles (Teck & Vale) to ride an 'inflation trade' scenario we have been discussing... TCK daily is in…
I just covered my largest position, which was a short on SPY held (and increased last week) for several months. This joins leveraged index shorts that were covered on Friday. …
I read an article at Bloomberg the other day that focused upon a former mathematics professor who now runs his own Mom & Pop ‘quant’ shop (his home) from the desert plains in New Mexico. The article noted that there are big, powerful quants in New York City and there is a constellation of little guys out there writing their algos and skimming the markets with the precision that mathematical codes instruct.
Meet the DIY Quants Who Ditched Wall St for the Desert
It was a cute story as our little quant gets to step outside and breathe the desert air when he gets stressed. These little satellites even have their own quant superstore of sorts called Quantopian. Some guys go to home depot or the local hardware store (to the extent they still exist) for their tools. These guys go to Quantopian for their tools and software to build out their own unique quant strategies.
This got me thinking about the markets in general and the S&P 500 in particular. I have called the vast global markets an amalgam of investors, casino patrons, day traders, substance abusers, black boxes and algos because it seems on any given day or week to be a hyper frenetic, emotion-driven mess.
I thought the pattern was sneaky bullish and that is why I held BSX as I sold the others last week. Today it boinks the 50 day moving averages.
As noted earlier in the week, MSCC was bought back at support after being sold just below target. So far, so good although also uninspiring as yet.