Gunpowder, Treason and Plot. Guy Fawkes of Course!

Tuesday 5th November - Daily Update

5763 - 5797 is right to refer to a line in the sand if it is now above us?

Daily

Hourly

If we look at the daily chart the whole point of these measurements are to highlight the persistence of SP500 trends.

Do we ignore the weakness? No of course not, but it is only at the level where we move below less than 17% of trading days.

Here is a chart showing daily return distributions when above and below this daily level.

Options adjusted seasonality could see us move through this weakness into year end.

Realised volatility is falling and as descibed over the last few weeks I had to move the axis higher on this chart this morning, as October lows last year leave the lookback.

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Riding Out the Pullback: Cash on Hand, Strategic Patience, and the Myth of the ‘Trump Trade’

You can see more in this week’s weekend rundown and portfolio update.

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• Current Open Equity = 30.9%

• Stop Loss Trigger = 26.2%

• Current Closed Equity Return = 26.1%

I use the knowledge above to build a portfolio of the best-performing stocks within the SP500.

Subscribe to see the portfolio. You can do it for free using the 7-day trial if you want.

https://discord.gg/5q6Xcf4V ← New subscribers make sure to join Discord using this link. If you are a new paid subscriber send me a DM to gain access to the subscriber section.