$TNX - the problem of the day.

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.

Speaking of Zweig. This is an amazing story. Liz Ann used to hold her own with Louis Rukeyser as well. She must have been about 23.

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

$TXG - the prom queen of stock charts (source: finviz.com)

Top 20 stocks hitting new 52wk highs ranked by volume. $AAPL, $MRNA, $AMD

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

Software weak, hardware strong today. $IGV, $SMH

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

By my count there are 3 more days for the ZBT to trigger. We would have to avg 2200 NYSE Adv stocks for the next 3 days. That happened the last time it triggered on 4/24/25. Not predicting just sharing what I see.

$WEBL - if it can close above the line it looks ripe for more.

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

Bitcoin ($BtCUSD) back above the 50wk line which has been a good to own in the recent past.

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. bkttrades.com/5rsi.html Somewhere along the line, it stopped working but it was many years after it was published. It proved to me that simple is best and that backtested strategies can continue working, if not over optimized. However they need to be continually monitored for the inevitable end of the edge. No amount of out-of-sample testing or walking forward can prevent this from happening. Just like with stocks, you cannot be complacent.

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 posting on X. I would be on a yacht in the Caribbean surrounded by gorgeous women with Bob Marley in the background. I know nothing. The market is a giant poker game and we are the patsies. I work hard to try to bend the odds slightly in my favor and I share what I see. But please do your own due diligence and confirm my stuff with your own and that of others. This is a tough racket and much of what we see and read is meant to deceive us not help us. All the best to you and I look forward to sharing and hearing your thoughts.

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.

Hedge funds are very familiar with this concept. When you layer a short strategy on top of a long strategy the combined result is much greater than the sum of the 2. Now regular folks like us can do it too — with index funds!