Not To Play

Sometimes, the only winning move is not to play.


It’s been a real nowhere year for the major U.S. indexes with horizontal moving averages illustrating the stagnation. Under the hood, individual sectors have had varying success and loss, due mostly to a crash and fall of the energy sector as lower prices helped or hurt businesses depending on their relationship to it.

Not much has happened the the strategies and tactics discussed in this blog. And thankfully so. Hedge funds as a group have put up some pretty forgettable performances in 2015.

Staying out of the game keeps the powder dry. We’re as ready as ever to pounce on the next setup – bon’t won’t unless it’s there.

Overall bias remains at Sell, as it did for most of 2015.

The Top Fundamentals screen shows only qualifies XRS. Nothing to bite on here.

WD and the ITB continue to possess attractive undercurrents, but still no setup.