Broken elevator cable pin action today, wholesale selling in just about everything short of MCD. You can view almost any indicator and it will show you were are incredibly oversold, overly bearish, and based upon historical narratives — overdue for a very sharp rally. Nevertheless, we can’t just sit here and wait for markets to...Read More

Don’t worry I’m going to sleep soon. I was going over some data and wanted to pass this onto you. I have traded off these mean reversion signals since 2008. I’d typically buy after the first OS close and hold from 5 to 10 days. The data suggests the optimal time to hold QQQ on...Read More

Last month investors clamored for the shares of highly priced growth stocks. As of yesterday, they eschewed them as if they were the plague and sold them off in what seemed like interminable bearishness. While I do not have access to the future yet (my time machine is still in the shop), I do recognize...Read More

It was a very good speech, let me tell ya — perhaps the best speech ever.This sums is up:Markets are liking it, with NASDAQ futs +165. Interesting side note regarding the end of day CRASHING of the close. I told Mrs Fly about it, how terrible it was. I told her “it was the worst...Read More

Lads, LadiesWe are going to be all right. What a wild session. We were positioned smartly, at least I thought so, with 6.5% TZA, 10.5% old man stocks, 15% cash and lots of solid financials. At the onset of trade this morning, they treated the finnies as if they were AI plays. We had 10%+...Read More