Blip the sidekick..

Tuesday 23rd July - Daily Equity Update

Is that it?

Is Mr Market's sole intention to annoy YouTube thumbnail makers?

Did we blip another financial crisis?

Momentum and trend levels are very close so we may flip right back in short order.

I have been told recently that my tone has been quite bearish. That wasn’t my intention but at least at the top index level that has played out. Hurray for me!

There will be a difference in view I guess from those that subscribe to the free portion and those that receive the paid version.

I may have unknowingly been downbeat on the index but the system kept 40-45 longs in the portfolio that we build.

Over the last 1-2 weeks there has been a churn of positions. There have been shifts in sizing in that time but it kept finding new positions.

There are as always two sides to the coin.

• One - the big boys fell but it only hurt the index a small amount because 350 little boys are in uptrends which dampened the pain.

• 2 - the 350 little boys are up as a mechanical reaction to the big boys falling and are simply masking what is ahead.

• C - some combination of all the multivariate reasons and causes and effects that my tiny brain cannot comprehend.

You know what is really easy?

Buy some puts on the SPX and buy the 40 stocks that are still going up.

If they stop going up and the system cannot find anything to replace them well then we will hold cash until we can buy something.

I didn’t have to think about politics or the Fed or China or tariffs or rotations or lunar cycles or elliot waves or gold or Suadi Arabia USD deals or CNBC or Jim Kramer or Elon Musk or blah blah blah blah

Rant over. Lets watch the SPX levels and VIX and move forward.