Thursday, December 27, 2018

Still More Bearish Than Bullish

During the past 2 weeks a serious bug was discovered in the first model's algorithm.  The clue there was a bug was that the model was always 100% bullish and for every symbol...we all know what's been happening since then so the search was on for the programming error.   And, of course, what happens on the day the bug is fixed --- %5 market pop. BTW the second model has been consistently bearish since the beginning of December.


I am in the camp that says yesterday's move is more about window dressing buy the big funds then the end of the bear market.  We'll see...

OEF to cash to stocks iShares SP100 Index OEF to cash to stocks iShares SP100 Index
was cash 19.18% 47.70%
was cash 6.67% 0.00%
was stocks 33.12% 0.00%
was stocks 40.00% 53.33%

52.30% 47.70% bearish
46.67% 53.33% bullish








QQQ to cash to stocks Invesco QQQ Trust QQQ to cash to stocks Invesco QQQ Trust
was cash 23.44% 28.30%
was cash 0.00% 0.00%
was stocks 48.26% 0.00%
was stocks 50.00% 50.00%

71.70% 28.30% bearish
50.00% 50.00% toss up








TQQQ to cash to stocks ProShares UltraPro QQQ TQQQ to cash to stocks ProShares UltraPro QQQ
was cash 26.84% 35.29%
was cash 0.00% 0.00%
was stocks 37.87% 0.00%
was stocks 73.33% 26.67%

64.71% 35.29% bearish
73.33% 26.67% bearish








SQQQ to cash to stocks ProShares UltraPro Short QQQ SQQQ to cash to stocks ProShares UltraPro Short QQQ
was cash 40.41% 43.03%
was cash 50.00% 46.67%
was stocks 16.56% 0.00%
was stocks 3.33% 0.00%

56.97% 43.03% bullish
53.33% 46.67% bullish








QLD to cash to stocks ProShares Ultra QQQ QLD to cash to stocks ProShares Ultra QQQ
was cash 25.22% 41.21%
was cash 3.33% 3.33%
was stocks 33.57% 0.00%
was stocks 56.67% 36.67%

58.80% 41.21% bearish
60.00% 40.00% bearish








QID to cash to stocks ProShares UltraShort QQQ QID to cash to stocks ProShares UltraShort QQQ
was cash 39.09% 31.95%
was cash 46.67% 50.00%
was stocks 28.96% 0.00%
was stocks 0.00% 3.33%

68.05% 31.95% bullish
46.67% 53.33% bearish








SPY to cash to stocks SPDR SP500 SPY to cash to stocks SPDR SP500
was cash 20.35% 24.03%
was cash 3.33% 6.67%
was stocks 55.61% 0.00%
was stocks 40.00% 50.00%

75.97% 24.03% bearish
43.33% 56.67% bullish








SPXL to cash to stocks Direxion Daily SP500 Bull 3X Shares SPXL to cash to stocks Direxion Daily SP500 Bull 3X Shares
was cash 21.12% 31.41%
was cash 10.00% 3.33%
was stocks 47.47% 0.00%
was stocks 46.67% 40.00%

68.59% 31.41% bearish
56.67% 43.33% bearish








SPXS to cash to stocks Direxion Daily SP500 Bear 3X Shares SPXS to cash to stocks Direxion Daily SP500 Bear 3X Shares
was cash 32.87% 28.90%
was cash 46.67% 46.67%
was stocks 38.24% 0.00%
was stocks 3.33% 3.33%

71.10% 28.90% bullish
50.00% 50.00% toss up








UPRO to cash to stocks ProShares UltraPro SP500 UPRO to cash to stocks ProShares UltraPro SP500
was cash 25.38% 30.17%
was cash 6.67% 6.67%
was stocks 44.45% 0.00%
was stocks 43.33% 43.33%

69.83% 30.17% bearish
50.00% 50.00% toss up








SPXU to cash to stocks ProShares UltraPro Short SP500 SPXU to cash to stocks ProShares UltraPro Short SP500
was cash 21.27% 34.25%
was cash 46.67% 46.67%
was stocks 44.48% 0.00%
was stocks 0.00% 6.67%

65.75% 34.25% bullish
46.67% 53.33% bearish

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