My students asked me out for beer Wednesday night. Twenty-eight of them spread around Chicago now. Some work for Goldman. All traders and money managers. All analysts. We sat there in a bar while the temperature dropped to 20 degrees outside. They're finishing finals next week. Then I'm set free fro
The SPY just touched new highs. Everyone's celebrating. Pull up the holdings breakdown. The top 10 stocks represent 38% of total assets. Thirty-eight percent. That's not diversification. That's concentration risk dressed up as an index fund. When this corrects, and it will correct, that concentratio
Pull up the S P 500 chart right now. Look at December. Does it look familiar? It should. Because we're watching a carbon copy of exactly what happened last year. That’s why I’m going to show you how to start planning NOW. This is the same pattern… the same manipulation…the same window dressing games
I've traded for 38 years. I've never seen a market this bulletproof. Consumer confidence just hit four-month lows. Housing data shows sellers pulling listings at the fastest pace in months. Manufacturing contracted for the ninth consecutive month. None of it matters. The market rallies anyway. This
I watched them rush to buy Monday's weakness. Every small pullback getting scooped up within minutes. The same reflex that's worked for months. The pattern recognition firing perfectly. They're not getting their money back. Last week's algorithmic channel broke. The one-sided machine buying that def
The S P opened up 13 points this morning. Every dip got bought instantly. Zero downticks. I looked at my short positions and closed my screens. If you worked for my prop fund and tried shorting today, I'd fire you on the spot. This isn't hyperbole. This is protecting capital when the game changes co
The S P opened up 30 points this morning and kept on going. Nothing stopped it. Not overbought conditions…elevated valuations…consumer confidence hitting four-month lows. The market just kept climbing. This is what I call being in a New York Groove, a nod to Ace Frehley of KISS. Algorithms have lock
Abercrombie sat at $70 for three weeks straight. What a waste. The stock traded at less than 7x earnings. Earnings growth is accelerating. They’re literally printing money. And nobody wanted it…until earnings hit yesterday. The stock exploded 18% to $78, and, as I write this, cresting $87. Everyone'
Apple just made another perfect flag pattern. The stock ripped 25 points. Then went sideways for three weeks… …Then ripped another 25 points. Then sideways again. Every technical analyst sees this and thinks momentum is dying. They assume buyers are exhausted and start looking for the top. They're c
