Just wondering about TT.


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Also buying up a lot of Basic Industries: $CE, $MTZ, $STLD, $VALE, $X

You are shorting USD and buying stocks that perform well in weak USD environment. Can you explain what strategy is shorting USD?

Today's price action ( Oil, Gold and EM are all strong despite USD move) probably means that market is expecting mean reversion in USD. I can see that USD breakout from this level can do real damage to risk but it seems market is fading derivatives of strong USD trade.

Thanks,
Zhan


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The individual stock trades are based on stock volume. The short $UUP is based on put buying in the options.  So in both stock and options market, Tech Trader is seeing large trades betting either against USD or for long the equity.  I think it's the latter; the stocks we are buying I think have a more idiosyncratic theme that will reveal themselves.

Also long financial names $AXP, $JPM, $PYPL. Seems like a lot of activity coming back in the markets.

Thanks!

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I agree with TT. No panic sell off yet. Need to see bank results tomorrow and Yellen is speaking tomorrow.

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The $USO trade on $3.3M in call buying last week is doing well from Saudi cutting oil production today.  Whoever bought those calls was likely expecting this.

Updated with graphs and snapshot.

Why your gross is so low? Does it mean model is highly uncertain about next few weeks?


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Makes sense. I remain net short. Risk parity funds are blowing up now. Nowhere to hide.

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Ended? Do you see signs that it ended or is it just a beginning? What do
you look at? VIX?  Thanks

Tech Trader continuing to cut both longs and shorts. Exposure now 61% long by 21% short if you exclude the short-term ETF buys from Friday.

Why are you cutting? Do you think a selloff would continue?
My model oddly is buying USD.
Thanks

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Not necessarily bearish, just neutral. It's just not seeing positions it wants to stay in at this time.

Got it. Thanks!

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Good luck. You are buying a very overvalued market but central banks could come and save us. I am scared to be long ahead of FEd and BOJ on 21st.



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Tech Trader appears to be hedging itself by simultaneously shorting two more names $RSG, $LOW (utilities, consumer).

In general, I would think of inaction exactly as just that - inaction.  It
just doesn't see any opportunity but it doesn't mean it's bearish. Tech
Trader is very conservative, so it takes a lot of ideal conditions for it
to want to make a trade.

Thanks for the reply. Fascinated by this AI.

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Maybe because European banks are not in your universe? I had many buy signals on DB and CS back in July. I think today was a short term top. I unloaded because I did not like what ECB did. I am still bullish on them medium term but Fed is a threat near term.



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No they're in the universe, just no signals.