16 May 2017: Waking up

The current rally in the stock markets, that saw another extension yesterday, is very much based on optimism. But history has shown that there will be a day that the mood of investors changes. And that there will be nothing that can stop the sliding of stock prices. Many technical analysts look at data and patterns from the past to determine the moment that such a change takes place. Will it be the profit/earnings ratio that has climbed too high? Will it be some moving average that is crossing some other moving average? No, it is just the number of traders who wake up, get out of bed and think: today, I feel different! Think about it when you wake up tomorrow morning: what feeling do you have regarding the state of the stock markets?

white-chapel-logo-smallThe S&P 500 and the NASDAQ both closed at record highs yesterday as oil prices rose substantially. The Dow snapped a four-session losing streak to finish higher. All major US indices rose more than 0.40%.  The VIX was almost unchanged (+0.19%). UVXY ETFs recorded another loss, losing more than 4%. XIV ETNs closed at a record high of 81.51 points (+2.08%).
Ater a week of being caught in an RSS bandwidth of around 260%, Danny Daredevil had to take a step back. His RSS closed at 244%. Adventurous Anny is still holding cash. Her RSS remained at 22%. Solid Suzy and Lazy Larry overtook Adventurous Anny in terms of RSS and AAR. Their RSS rose to 22% and their AAR is now the highest of all our models at 181%.
None of our models gave a trading signal at the end of yesterday’s session.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

243.83%

-14.71%

-26.65%

146%

Adventurous Anny Cash 6 March 2017

21.78%

21.78%

0.0%

175%

Solid Suzy XIV 6 March 2017

22.24%

22.24%

11.61%

181%

Lazy Larry
XIV 6 March 2017

22.24%

22.24%

11.61%

181%

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

 


Today, René traveled from Breda to Kortemark (Belgium), a distance of 110 miles, for a business appointment. It took him more than 3.5 hours to get there. Spending way too much time on the road is something René loves to see in a Wim Wenders movie, but not in his own life. This picture René took minutes before arriving at his destination.