One of the members…well…he had made too much money too fast. I know that doesn’t sound like a problem. But, he overleveraged on momentum names that could gap down 5% overnight. I have watched traders like him blow up for 39 years. They swing for the fences every time. One bad pitch and they strike
The four-hour MACD on the S&P 500 just curved upward… I have traded for 39 years. I have never seen people make money fighting this indicator. Not once. Not even me. The market is sitting at the apex of an ascending triangle. Every short seller piling in here is adding to their losses while
I have traded for 38 years. Never have I introduced a theme I considered more important than this one. The market is in a state of entropy – a scientific term that describes disorder, randomness, and chaos building inside a system until something breaks. We’re 5 days away from the breaking point. The degree of
I shorted everything you bought last year. Not because I’m smarter. Because you traded value stocks like growth stocks. That single mistake transfers more wealth from retail accounts to professionals than any other error I’ve seen in 38 years. You buy Cisco expecting 40% returns when the company is built for 8%. You load up
Microchip boosted sales guidance this morning. The stock jumped six bucks and dragged every semiconductor with it. Micron surged $19. The SOX index hit another all-time high. Retail traders saw green and started buying calls on anything with “chip” in the name. That approach will get you killed. One semiconductor reports good news and the
John Bogle invented the index fund. He built Vanguard into the largest asset manager on the planet. Before he died, he issued a warning nobody wanted to hear… If 70% of the world’s money flows into index funds, Bogle said, that triggers the end of the bull market for a decade. Not a correction. Not
A poll came out last week that should terrify you. They surveyed the top 14 Wall Street strategists. Goldman. Morgan Stanley. Jefferies. Citi. Every single one predicted a stock market rally for 2026. Not one dissenting vote. Some called for 11% gains. Others predicted 17%. Two expected 21% returns. The average across all 14 was
The market opened green this morning. Tech stocks ramping. Data centers flying. Nvidia up. Microsoft up. Meta climbing. I watched it happen from Chicago knowing exactly what was playing out. This is 401k money. Nothing more. Every January the same script runs. Retirement accounts fund. Passive money floods in. Fund managers shove capital into whatever
Michael Burry closed his entire Tesla short position. The man who predicted the 2008 housing collapse and inspired a Hollywood film just walked away from his bet against Elon Musk. It was reported this morning that Burry exited completely. Most traders see this as bullish. Finally, the famous bear capitulated. Tesla wins again. I see
The sizzle index on Etsy hit 7.37 yesterday. Today it dropped back to 0.4. That one-day spike tells you everything. Someone knew something and positioned before the rest of the market caught on. I’ve tracked unusual options activity for decades. A reading that extreme doesn’t happen randomly. The call side alone registered a six. That’s
