1/2) Got my research up on SSRN so its available for free. My research on Portfolio Management Using Relative Strength and Momo was published in the Fall 2022 Journal of TA. The empirical data shows buying strong assets beats buy and hold. $SPX $NDX $STUDY
https://t.co/mzCmHAoabZ
Sector by sector comparison for the stock market in late 1999 / early 2000 compared to now. Tech & semi's are nearly as stretched now, though other sectors are healthier now than they were in early 2000.
@rickjeff78 I analyze & trade solely on TA. That said, support/resistance is the bloodletting of technical analysis. An early attempt to illustrate momentum, but ultimately subjective pseudoscience that was the groundwork for real data.
In TA, if it can't be tested, it can't be trusted.
@explorerrook@Smileyyeg Ya totally.
Canada has run huge deficits on a per capita basis for 5+ years and have had next to zero per capita economic growth during that time. But it's obviously Trump's fault even though Biden was in office during most of that period. You're a know-nothing zealot.
@explorerrook@Smileyyeg Sure, but where is the money going? Why isn't it helping to spur economic growth? Even the most ardent Keynesian economists would say that we should have some economic growth to show for the spending. It's, obviously, been a textbook case of nonproductive, wasteful malinvestment.
@Albertagarbage It's like BC has access to a Magic π± that always says the right thing to do. Then they do the opposite.
Beat your wife or kill people? No big deal, everyone deserves a 2nd chance.
You don't think π¨π¦ is a racist, sexist hellscape? Unforgivable. You deserve neverending pain.
@Smileyyeg What's also odd and suggests the polls aren't credible right now is that the Liberals haven't called an election. If they were polling that well, why wouldn't they call an election and get a huge majority?
@IainMacBets@Byron_D11 He's been incredible in Vegas, but you're right that he was a front runner while in TO. Very talented but had next to zero grit in crunch time.
@Albertagarbage@trevor_rose_ The 4 parts to Canada's economy are energy, banking, utilities, and Shopify. And all of them have to do ritualistic sacrifice to the government or the government will shut them down.
South Korea's $KOSPI is ~95% above it's 1 year moving average. Yesterday was the absolute record. It's previous record occurred on July 9, 1999. In 99' it would decline -23% over the next 3 calendar months. I'm sure this time is different though. Nothing to worry about.
@JoshYoung Trump must be saying this garbage solely for the algos? Because it's actually embarrassing at this point. I say that as someone that lived under Justin Trudeau for 10 years.
https://t.co/lMqvJ4wYR9
BREAKING: Hezbollah officially rejects the US ceasefire proposal calling it "unacceptable," with sirens now sounding in northern Israel from active Hezbollah rocket fire, per Tasnim.
This directly contradicts Trump's false claim earlier today that he spoke to Hezbollah and they agreed to stop all attacks. Netanyahu has told Trump in their call that the moment Hezbollah starts attacking again, Israel will strike Beirut immediately.
Iran said the response to attacks on Beirut would be direct Iranian strikes on northern Israel.
Tech ($XLK) is 34.6% above it's 200 DMA. One prior similar reading. March 22, 2000. For the record I'm not saying a significant market top is days away, but the chances of an immediate correction in the S&P, Tech, and Semis are the highest I have ever seen.
@Gray_Mackenzie@tylermeredith can we get your super-duper expert opinion on this? You've been flapping your gums for a year about how good things are in Canada. Penny for your thoughts.