I wouldnt find it boring that market is going one direction...UP..but most of the tech stock i own is just going sideways for past 2 weeks despite constant green. so its been pretty boring for tech stocks for sure. Wondering which area is driving the market up as of late.
It’s been big tech stocks taking turns keeping the market elevated. Reminds me of the dispersion trades days a while back where breadth was poor but markets grinded higher.
Yeah I’ve had a ChatGPT sub for over a yr I never use, figured I’d put it to work since many others on Substack include pics.
For me that just means equity strength is still around the corner. 30% and below tends to be really bullish equities for the next 1-2 days. Definitely my favorite short term signal. Equities are stretched and breadth has been bad, but trend is still up so not messing with anything on the short side or even hedging. I’d hedge a bit if VIX and 5 TD got more bearish, keeping a close eye on it.
Day one on the vix signal was a dud. One more day to see the upward move
Agree, it’s built on 2 TD moves, but usually works in 1 TD.
Historically it’s been wrong ~20% of the time
I wouldnt find it boring that market is going one direction...UP..but most of the tech stock i own is just going sideways for past 2 weeks despite constant green. so its been pretty boring for tech stocks for sure. Wondering which area is driving the market up as of late.
Are those artwork images AI generated?
It’s been big tech stocks taking turns keeping the market elevated. Reminds me of the dispersion trades days a while back where breadth was poor but markets grinded higher.
Yeah I’ve had a ChatGPT sub for over a yr I never use, figured I’d put it to work since many others on Substack include pics.
Those ai pics are pretty cool. Graphic designer s and their field should be worried about losing their job to ai
Oh yeah, would have been impractical and require long lead times to pay someone. That role is really at risk.
I like that zero number on the vix. What then are the chances for a reversal in the morning?
For me that just means equity strength is still around the corner. 30% and below tends to be really bullish equities for the next 1-2 days. Definitely my favorite short term signal. Equities are stretched and breadth has been bad, but trend is still up so not messing with anything on the short side or even hedging. I’d hedge a bit if VIX and 5 TD got more bearish, keeping a close eye on it.