My base case is for there to be a housing bubble. The current period somewhat resembles the recession in 2001. Rates went down after the collapse of the Nasdaq bubble and a byproduct of lower rates was the housing bubble. Rates dropped this time to ...

For technical analysis I suggest Evidence-Based Technical Analysis: Applying the Scientific Method and Statistical Inference to Trading Signals. Aside from technical analysis, I suggest the Market Wizards series. The original book is my favorite, ...

I think your premise for a depression and market collapse is a little off base. The reasons you provide are somewhat bearish for consumer confidence, but you omitted all the bullish factors of monetary and fiscal stimulus.

One of the traders I follow published a great article explaining what’s been going on with the markets lately. Fair warning, it’s 94 pages long but it’s worth the read: url

I like Macro Voices with Erik Townsend.

I’ve been long gold since March and the rise has played out quicker than expected. We recently hit a new all time high, but I don’t think it’s over yet. Coming out of the 2008 recession gold rallied for 3 years. Everything seems to be playing out in ...

I found this video very useful: video They're using Jupyter which I'm not really a fan of (perhaps its an acquired taste). I'd just follow what they did in the video so you can see how strategies work in Python, then you can use a different IDE ...

That’s a good point, I didn’t realize you were day trading. I seem to recall an account needing to have a minimum balance of 25k once the pattern day trader designation is applied so ETFs might not work in that case.

My pleasure detector! Actually, you can disregard the green line in the chart I posted. It's just the S&P 500. Gamma exposure is independent of that so you just need to focus on the GEX values. Succinctly put: High GEX: Market makers do ...

If you can't trade futures then ETFs might be your best bet. USO is a terrible product so I really can't recommend it. Energy ETFs are based on futures and highly influenced by the futures curve so be very very very cautious about that if you use ...

Friday's GEX number was much lower so a bigger move in equities is possible going into this week. image In case anyone isn't familiar with GEX it represents gamma exposure. Essentially, gamma exposure indicates the degree to which market makers ...

GEX is pretty high right now implying we probably won't get much price movement. It will be interesting to see where it stands after it updates tonight. image Perhaps more interesting is the alleged wave of pension fund selling coming into the ...

I hope you’re right about 21,000. I’m scaling in over time so if it goes lower then it will work out nicely for both of us.

I’m finally going to bite the bullet and do some buying tomorrow. Looks like it’ll be a core position of VOO, then some TQQQ and maybe ARKK for beta.

What did you think of The Intelligent Investor?

Sorry, I’m not familiar with that software.

Perhaps I can help, what software are you using?

I sure hope it plays out like you're forecasting. This past sell-off has made me slightly nervous since it's come with a general risk-on move in markets.

Are you back to being bullish on equities now? I hate to say it but I think I am. Bear market rallies just don't come this far... I think its amazing the whole bear market played out in about 40 days, fastest ever!

I'd have to go with George Soros. He's the best money manager of all time as far as I'm concerned. I like how he's a macro guy too so we have a similar approach, albeit he's way way way better.