pyesetz | A random year in review

Dear Diary: just thinking of you. Nothing in particular to write about today. A geyser on Enceladus is now known to be 6,000 km high and spewing water all over Saturn. The weather forecast for Earth’s northern half calls for a hot stormy summer, due to the sea-surface temperature anomaly being the largest it’s ever been, by quite a margin. Vladimir Putin hasn’t lost his war yet.

Here is a chart of the last year of the Russell 2000 stock index. My usual cyan marks have been omitted for clarity. Actually, this chart is a-year-plus-a-week, just to make it clear that the buy-and-hold people haven’t made any progress during this time. Meanwhile, I made 16 trades, of which 14 were profitable, totalling to +30.6% for the year. If only this were using real money! Anyway, I wanted to point out that this algorithm does have occasional losses.

Each of these vertical black or red lines represents 6½ hours of blood, sweat, toil, and many tears for the legions of traders. I just put in my trade orders when the market is closed and skip all the heartache (and the excitement).

On Jun 02 I wrote, “Worst thing for the bears would be if the market stays up for a couple of days, then kisses the dashed orange line from the topside, then heads upwards into the stratosphere. Ow! We could be looking at a June blow-off top to begin our summer.”. This clearly has not happened. The market’s price bounced through that line three times, failing to respect it. If what we have now is a ‘bull flag’ then there is still a chance for a bounce off of roughly where that line was. Regardless, the ‘June blow-off top‘ is still a live possibility.

I am staying out of the market until things calm down. No trade orders for tomorrow.

Lawyers: The eternal torment never ends. I have now heard that the deposition scheduled for August 2023, originally scheduled for February 2022, will need to be rescheduled.