NVDA Clickbait for the Baitiest of Clicks!

Nvda is not mentioned once in this post...

Instead of second-guessing the impact of individual positions on the index, we just measure everything so we can hopefully make fewer bad decisions over time.

What might form part of a new index-specific view will be ranges.

To clarify that these ranges are not some kind of crystal ball, we will show you how much time each asset spends within them.

This is a work in progress, and I’m working on sharing them in a usable way without diluting the information for the sake of simplicity.

As I have shown before, SPY's price spends only 16% of the time below this level, ∆2.

Applying the same measure to the upside, SPY spends 92% of its time below ∆3.

Why use two different values of the same measurement?

Because I am a trend follower, and I don’t like shorting the asset that trends the most. Additionally, we have a volatility signal that tells us the asset's regime.

It is never just one thing! You need multiple signals to try and make the best choices.

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The portfolio is doing well.

To my point above about “upper levels,” those kinds of metrics would have gotten us out of utilities and other sectors many weeks ago as they continued to move higher.