In 2015 Peter Thiel joined Jason Calacanis for a wide ranging conversation at the LAUNCH Festival. The discussion on AI fears being overdone jumped out given the recent turbulence at OpenAI. Speculations ran rampart that Ilya Sutskever, Chief Scientist at OpenAI, had seen something in the latest ChatGPT model that … Read more
I learned an important lesson from trading this year: hope is not a strategy. If you enter a trade that goes against you, and it keeps going against you, hoping that the position will recover is a losing strategy. The hope trade may work once, twice, even ten times in … Read more
The companies are Gap and Barnes & Noble. Both have recently hired CEOs tasked with turning the businesses around. Gap Gap’s recently reported Q3 2023 earnings results surprised Wall Street analysts and the stock jumped 15% in after-hours trading. As the Wall Street Journal reports: Gap reported that comparable sales … Read more
This is a repost of an essay I originally published in November 2015 on a different blog. In 2015 I watched the film “Most Likely to Succeed“. It’s a documentary about High Tech High, a charter high school in San Diego California. I attended High Tech High as a student … Read more
According to a recent New York Times “The Daily” podcast episode, in 2023 we are on track for 1 million electric vehicles purchased, which is about 1 out of every 10 cars sold in the US. And yet the rate of increase in EV sales in the US went down … Read more
Last week Jack D. Schwager released book #5 (“Unknown Market Wizards“) in his “Market Wizards” book series. Chapter 1 features Peter Brandt, a Futures swing trader who has been trading since 1975. This chapter was very timely for me, as many of the lessons Peter shared I have been molding … Read more
I define a trending day as a day in which the Daily candle for an NQ futures contract has a range of greater than 300 points. A daily candle’s points range is measured as the difference between the high and low values occurring between 18:00 to 17:00. 68 Daily Candles … Read more
The NQ futures contract in this 1h chart is approaching an important down trendline this week. The level is around 15250. Overall the NQ 1h chart is in a downtrend, with well defined lower highs and lower lows. If this hourly downtrend is to remain in tact, a rejection of … Read more
The P/E Ratio is a baseline Fundamental analysis metric to assess how a stock is currently priced compared to its counterparts and historical prices. It can be used to answer the question: is this stock on sale? Here are the current TTM P/E ratios for the Magnificent Seven stocks: Ticker … Read more
This week the FOMC decided to hold the target interest rate steady at 525-550. Fed Funds Futures pricing data currently have a 95.2% probability that the Fed hold this interest rate level at the Dec 13 Fed meeting. And there is a 49.8% probability that the first 25 basis point … Read more