Janky spreadsheets day...
Wednesday 21st February - Daily Equity Update
~4941 and 4904 are the decision points for the index.
We have the decision points for the individual positions.
Just as there has been internal dispersion on the way up so there will be on the way down if that is what lies ahead.
One of the names added this weekend might be our next 20-30% winner as the index weakens. Who knows?
https://discord.gg/apxwtwzU
I shared some charts this morning in our discord channel. For those who want to join, you can use the link above. It’s pretty quiet I think one person replied maybe a couple of weeks ago to one of my posts ;)
Reduce : Half AIG ALL
: Cash AMD
Positions closed so far this week. I sure would have liked to capture some of the other names in this AI trade but at least we captured some gains. Some may not be able to say the same moving forward. If we are premature at least that 18% will now make each of our new trades xbps larger compounding any future wins.
OK, time for Chris’ horrible charts again. This was posted this morning in the discord channel.
This shows the strength of signal for QQQ 0.921
The arrow now hides what is a teeny tiny blue dot which means SoS is not longer rising.
What else we can see is from here the forward expected return skews negative pretty sharply.
This does not mean go crazy max short!!
If you look at the top chart from this level we can still see possible positive returns just with the caveat they are smaller and as a % less likely to occur.
The same chart for SPY
And then Gold.
Not sure what made me look at gold this morning but anyone who knows me from old knows by “reformed gold bug” status.
Have a good day everyone.