Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.
Who knows what tomorrow will bring, but tis interesting times.
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Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.
Yep, today definitely didn't follow suite. But the S&P still closed just above support at 2880. So no real technical damage has been done yet. But if we lose that 2880 that would definitely signal that we are at the very least in a pull-back. Of course, after the run since late December, I think a pull-back is healthy and constructive long term. I think putting in a higher low through a successful retest of 2880, or even the next support line at 2800 would be good confirmation that the new up trend is legit. If we get a weekly close below 2800 I might start to get a little worried. But we will see.Dieter wrote: ↑Tue May 07, 2019 9:44 pmNot a huge one day drop Tue, 5/7, but not exactly 'Meh' either.
Who knows what tomorrow will bring, but tis interesting times.
My Hideout Portfolio is down 0.28% today.Cortopassi wrote: ↑Mon May 13, 2019 11:13 am The best part of the PP, IMO, is a day like today.
When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
-0.21% for my 4x25 HBPP todayochotona wrote: ↑Mon May 13, 2019 6:56 pmMy Hideout Portfolio is down 0.28% today.Cortopassi wrote: ↑Mon May 13, 2019 11:13 am The best part of the PP, IMO, is a day like today.
When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
25 equity, 10 gold, 12 cash, 53 intermediate Treasuries. I'm a long bond and gold chicken.MangoMan wrote: ↑Mon May 13, 2019 7:22 pmwhat is a hideout portfolio?ochotona wrote: ↑Mon May 13, 2019 6:56 pmMy Hideout Portfolio is down 0.28% today.Cortopassi wrote: ↑Mon May 13, 2019 11:13 am The best part of the PP, IMO, is a day like today.
When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
For a split second I read that as you being long chicken, makes me very hungry this morning.
dualstow wrote: ↑Tue May 14, 2019 10:46 amFor a split second I read that as you being long chicken, makes me very hungry this morning.
It seems like you buy gold all the time, though, Ocho. I was cleaning up an old phone -- just bought a new one after five years. Pixel 3a, whoo -- and I saw some offline notes like "Adopt Ocho's idea of a coin a month?"
After I wrote that note, it seemed like you were buying a lot of gold here and there.
Really cool! I have always thought being a Wall Street trader would have been a cool way to go in another life.boglerdude wrote: ↑Thu May 16, 2019 10:43 pm Ill watch tonight. https://www.youtube.com/watch?v=cy43vfYaxk0 Paul Tudor Jones - Trader Documentary 1987
Sounds like a ‘Monk’ episode...except, you know, he would’ve been covering up a murder.Kriegsspiel wrote: ↑Fri May 17, 2019 10:38 am According to wikipedia, Paul Tudor Jones was attempting to buy up all the copies of that doc back in the day to prevent people from watching it. He didn't say why, but speculation is that it revealed too much of his methods.
my daughter inlaw worked for paul for many years up until last year as a matter of factKriegsspiel wrote: ↑Fri May 17, 2019 10:38 am According to wikipedia, Paul Tudor Jones was attempting to buy up all the copies of that doc back in the day to prevent people from watching it. He didn't say why, but speculation is that it revealed too much of his methods.
Is there any reason to trust that "sell in May" will always continue to work, though? It worked great post 1950....but sucked before then; see:ochotona wrote: ↑Fri May 24, 2019 12:14 pm Sell in May Go Away reference:
https://stocktradersalmanac.com/Strategy.aspx
Seems well-paired to an HBPP philosophy. Rules-based, simple, infrequent actions, low cost. The ETF would be DIA, seems to work better with Dow than S&P 500. Backtested to 1950... I can't verify with PV.com
I just tested Sell in May on DIA and put it into the HBPP... for 2005-2019 data (admittedly a short period of time... GLD) you can run 61% Sell in May DIA and 13% all other assets, and get the same MaxDD but 94 extra basis points, which is pretty nice.
IT BEATS THE GOLDEN BUTTERFLY!
It's the kind of thing I could tell my daughter to implement for my wife and I when we've got drool coming out of our mouths.
Below is DIA vs DIA six best months... no other assets involved.