Seasonality season...

Friday 19th January - Daily Equity Update

There is never a perfect signal…

Is this a May wiggle or an August wiggle?

Who knows?

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Reduce Half Position   : KHC
       Cash            : SPG HST PHM DHI GS

Increase Full Position : EPAM

There are now only 12 stocks of all 500 that have an individual Strength Signal higher than SPY.

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Cem Carson aka Jam Croissant has been all over Twitter and podcasts etc for his thoughts on “pinning” “fixed strike vol supply” “windows of weakness” etc

I have followed him since he was posting levels through 2020 on SPX price.

I have found the concept no matter how cryptic and filled with emojis to be very helpful.

What I have made above is a chart not by the calendar but by OpEx dates so the left-hand side 1 - 1 depends on the year but is ~ 18th December.

So far I have only gone back to 2020. There have been vol rumblings of akin to 2018 so will be interesting once I get to it. Using the data I have using the red line for 2024 moving in line and to the opex date to 2020? Remember the cacophony at the time of “Why isn’t the market taking this seriously?”

Have a great day and enjoy the weekend.