Months when April produced SPY gains more than 7%, next two months26: 9.2%, ??2020: 12.2%, +4.7%, +1.3%2009: 9.9%, +5.8%, -0.6%2003: 8.4%, +5.5%, +0.7%2001: 8.5%, -0.6%, -2.7%Another stat being bandied around is the current high RSI score. Instead of referencing ancient times, let’s take a look at 2016 and 2023.SPY gains from high RSI reading per...Read More

Yes, another up session — +94bps crossed against SPY +120bps. We had a little slippage for the week but still outpacing the index MTD. It’s very obvious, if you hadn’t noticed, that I am, in fact, a genius — and so are you. I sit here in this office and gaze out into the trees...Read More

Day 12 of gains in a row. Had I missed out on this rally — I really don’t think I could ever look at myself in the mirror without wanting to shatter it. I am grateful for having some core convictions — because the news flow was dreadful enough to want to sideline oneself until...Read More

We’re up for an 11th consecutive day. BCW was red for most of the day due to early weakness in industrials and semis — but managed to close +6bps, way off the SPY of +78bps due to outsized strength of the gorilla nature in all of the MAG7+ names. There was also animal runs in...Read More

We gained another 101bps in euphoric trade. One cannot make sense of the market when it comes to streaks like this — up for a 10th consecutive day. The knee jerk is to retrench and wait for a pullback. Alas, that sort of thinking might’ve got you out 5 days ago, missing out on the...Read More