Never short a boring market.
Thursday 29th February - Daily Equity Update
This was posted in a discord I am part of this morning.
We mourn your IWM putz!
OK, the wiggles are out in force! Vol “rising” again but we remain long at the index level.
You know the drill.
Reduce : Cash UNH PPG
Boo, the losers!!
Yay, the winners!!
I posted the second chart on our discord channel as I was working on it this morning.
I want to build on my video from earlier this week.
This chart shows the total above zero SoS score. So for individuals, there are a maximum of 503. Sub-Sectors there are 116. You can see from this chart “some” have fallen in strength.
Which ones? Well, utilities have not done well but there are only 20 utilities in the SP500. In its place, 75 industrials have risen in strength.
This is to say it matters what does well or poorly. I tweeted sarcastically “Everyone knows its gone back to the Fab 4 now, not Mag 7. Right?”. It appears that doesn’t hurt the market if a combined ~150 industrials, financials and staples maintain 1 month and 3 month momentum.
Not boring. Appreciate your straight to the point data with a sprinkle of your dry humor :)