What's occurring??

Thursday 11th April - Daily Equity Update

There is always stuff and things occurring.

Remember when North Korea fired ballistic missiles over the Sea of Japan?

Remember when Iran launched a drone attack on the largest oil refinery in Saudi Arabia?

When when Mr Trump signed the greatest trade deal ever signed ever in the history of trade deals?

Remember GFC banking crisis 2.0?

There is always something and it might just be “the” thing. Most of them aren’t.

At the minute crisis aside. The last month looks a lot like what happened in Dec-Jan as I outlined yesterday. Most things that looked like SPY kinda went sideways and most things that looked like IWM did mean reverting IWM type things.

If you saw my tweet I put out yesterday, sorry I was out and couldn’t access the substack app to post here.

SPX pulled back straight to trend and bounced. Let’s see what happens. Since Halloween, we have broken momo twice then never looked back.

We have built up some cash as you will see below.