I am not exactly sure if we are ‘out of the woods’ after this bastard of a session; but it feels good to have beaten the socks off the market for the first day of 2025. Early on, Elon tried to murder us with bad numbers and although I am a big fan of Tesla,...Read More

In light of the cash position I’ve been holding, I am intending to sweep some of it into an interest bearing fund, but need to do so in a way that will not disrupt trading operations. Trade +1 makes it much easier to navigate but in very volatile tapes where larger hedges might be needed,...Read More

Before I get into the market, I’d like to wish all of you a Happy New Year’s, with tidings of continued success and happiness into 2025. Starting early 2025 Based Capital Wealth will be onboarding Mathew Richard as a new IAR to assist me with day to day operations and research. Some of you might...Read More

Back in February of 2021 was the last “polar vortex”. If you recall, it crippled Texas. During the February 2021 polar vortex, natural gas prices in the United States experienced unprecedented spikes due to increased demand and supply disruptions caused by extreme cold. In Texas, for example, natural gas production dropped by approximately 52% between...Read More

Today’s open was calamitous with indices off by 2%. This move immediately placed $QQQ and the aggregate score inside Stocklabs at oversold. Because of this and end of year shenanigans, I opted to not hedge. Moreover, since the morning drop, we have seen recovery and acceleration of some momentum stocks, which is constructive. With 2hrs...Read More