Terry Steffen

Statistics geek, retired from career in finance. Former Visicalc and Lotus 1-2-3 user. Blessed to be a grandpa. Tweets are not investment advice.

[Terry Steffen @stff147]

Attention all beer lovers! Kersten's Antiques is doing another giveaway & you could be the big winner! So what are you waiting for? Start racking up those entries! Click the link and scroll down to enter! https://t.co/Fdo5qwmyWb

[Terry Steffen @stff147]

Another box to check and an opinion to consider. It's never obvious.

[Quant Jim @qckisa]

A very sharp decline into October is likely to follow, even though the breadth momentum looks oversold. I have rarely seen such complacency in options, even as market breadth continues to weaken. The opposite happens at bottoms, and this looks very toppy to me. Puzzling! $SPX

[Terry Steffen @stff147]

Here's 1987. All you hear about is the Black Monday crash. It was up nearly 40% ytd mid August. Gave it all back and then some and ended the year with a gain.

[Terry Steffen @stff147]

"Half of Tuesday’s rise in the Nasdaq was attributable to four chipmaking companies" - Bloomberg

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

Nearly three-quarters of the S&P 500’s 93% gain since ChatGPT’s 2022 launch came from just 20 AI-linked stocks, led by NVIDIA. 🤖📈

@markets @soberlook https://t.co/EGLX7QmA3x

[Terry Steffen @stff147]

Sectors lean bullish.
$XLF, $XLK, $XLB

[Terry Steffen @stff147]

$QQQ - whether you use zScore or %B the $QQQ closed yesterday the most overbought it has ever been in the last 10 years.

[Terry Steffen @stff147]

$USAR - Healthy looking move above above prior 6 candles.

[Terry Steffen @stff147]

$USAR - Healthy looking move above above prior 6 candles.

[Terry Steffen @stff147]

Regarding backtesting...here is a simple mean reversion strategy that was published in the mid 1990's. It was very well known and used by many including me.
https://t.co/h41EWNinOL
Somewhere along the line, it stopped working but it was

[Terry Steffen @stff147]

So my followers have doubled in the last 2 days, the Risk Off chart I posted has gone parabolic, and I've gained many new subs. While I am grateful for all of you I want to set the record straight up front. If I knew what the market was going to do next week I would not be

[Terry Steffen @stff147]

I had a wonderful experience at a Tractor Supply ($TSCO) store yesterday. The stock chart doesn't look so hot now but I hope they do well.

[Terry Steffen @stff147]

I guess I can start looking at my old Coinbase account again. 😂

[Terry Steffen @stff147]

$ETHUSE - Etherium is making a move. As long as it's above the range box it looks healthy. Look what it did the last time when broke above the dotted line.

[Terry Steffen @stff147]

I publish a Risk On/Risk Off indicator for my subscribers. It's based on an oscillator using NYSE Advance/Decline issues. Yesterday it flipped to Risk Off. Here are the triggers for the last 13 years. It was Risk Off about 25% of the time. Just one more check-mark on the.

[Terry Steffen @stff147]

Investors need a lot more real assets, especially commodities, in their portfolios. HARD assets are the REAL diversifiers.

[Terry Steffen @stff147]

@ andrewdbeer1 congrats on $DBMF cruising! Managed futures/trend showing up this year!

[Terry Steffen @stff147]

I love America. We live in a blessed nation endowed with incredible resources, culture and dynamism. One of the core engines is the dynamism of small and medium businesses. Next week after the long Easter weekend, I am going to share our David vs. Goliath story!

[Terry Steffen @stff147]

Cash, alts and steepeners. This is the way.

[Terry Steffen @stff147]

Most portfolios would benefit from adding more alts. 50/30/20 (20 = alts) vs. the vanilla 60/40. Managed futures, commodities + uncorrelated income. "Diversify your diversifiers" @ choffstein

[Terry Steffen @stff147]

VIX relevant again. Long bonds done w/ the rally for now -- shaping up to be a pretty volatile couple of days. Bad news is bad news again.

[Terry Steffen @stff147]

Massive volume of short dated options create false complacency -- we're one intraday headline from a mini flash crash. 3-4 sigma moves may be triggered by 2 sigma news in less liquid markets.