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

I don’t believe in coincidences, such as one day following a mass revolt against Elon Musk over his position on H1B visas by the Trump base on X led to a sharp decline in shares of $TSLA.This issue is being overblown because Musk and others are not correctly framing the argument. Of course America should...Read More