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Market Mind

What is the Market thinking? and what’s up with banks?   JP Morgan JPM, Wells Fargo WFC, and Citigroup C These 3 started off earnings seasons. They all beat estimates, and they all sold off. Why? Why on all time frames? This happened a lot on the last...

AuV

The velocity of Gold and the end of the petrodollar Next Monday, March 26, China’s new oil futures contract launches. This could have giant macroeconomic repercussions.  I want to briefly outline the common ideas about these repercussions, and suggest a contrarian...

(un)conscious

Deeper dive into psychology and “the narrative” Taking the un out of unconscious This is a follow up to my Zone blog, in which I said I’d recently quantum leaped from stage 2 trading, to stage 4, which is “unconscious competence.” I am slowly realizing the...

In the Zone

What does it feel like? Morad, my trading teacher for a couple of years, said, “when you’re in the zone, take note how it feels.” I had never really been in the zone, before now, so I didn’t know.  I’d had brief bursts of wins, in an account that slowly eroded over 2...

Euphoric Breakout

Euphoria What does euphoria look like, how does it feel? The most obvious example of euphoria these days is bitcoin. But to my eye, the stock market crossed the threshold of euphoria this fall.  I predicted we’d get a pull-back in the fall, but instead, we accelerated...
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