MEMBER REPORTS

[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The 10/15 “Black Hole” (0%) Capitulation at the “Ebola Low” was very significant. The persistence of the Recovery remains generically Bullish. Equity weakness suggests that tactical Highs may have been achieved. Note the Reversal in European Equities! Risk Appetite is changing.

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[newsletterchapter2 title=”GENERAL MARKET COMMENTS”]The 10/15 “Black Hole” (0%) Capitulation at the “Ebola Low” continues to be a very significant tell: “The degree and persistence of the Recovery was and remains generically Bullish.” Stocks were allowed to go higher. I repeat: “There is a cogent edge like a Black Hole now.”

The important idea was not to push at trades in an uncertain environment. It is never an advantage to presume that you have an edge all the time. By ignoring the silly price behavior of the last few weeks and husbanding your Psychological and Physical Capital, one may now take a more educated trading stance.

The recent roll over in stocks signs the Highs of 11/28 are now an extreme price to short against.

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[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The 10/15 “Black Hole” (0%) Capitulation on the “Ebola Low” continues to be a very significant price event: “The degree and persistence of the Recovery was and remains generically Bullish.” Thus stocks were allowed but not necessarily profiled to go higher. I repeat: “It is ideal to know when there is a cogent edge like a Black Hole. Nothing now.”

It may be hard to appreciate that I have a toolbox that allows me to parse market time. That unique edge does not always produce a cogent profile. It may be more important to know when you don’t know something than to always presume that you do have an edge all the time. There are other Black Holes coming but not in a time frame that shapes trading and investing near term. Enjoy these Holiday Markets. Maintain your psychological Capital.

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