Well y’all. I’m human and just realized today that in my own book, I needed to close all equity positions EOM last month — I wrote about it in this thread. It happens so rarely that I forgot, even though I have it written on my process summary doc.

So today, I did that.

https://twitter.com/theycallmetex/status/1508476304659824644

That means I’m currently holding no individual equities in my active book. I should have done this end of April (was focused on things other than my own trading book). If you wanted proof I’m an actual human, there you go.

Closed today: $MOH $TSLA $CHD $RIO $STE $CMS $STLD

Few more days to EOM. Notice that, right now, monthly MACD for $SPX has flipped into ‘decelerating’ momentum — joining NASDAQ, which did so a few months back. No guarantee we end the month here, but if we do it carries implications.

Very quick thread about this follows.

1/x I love monthly MACD on indices. It’s why it’s on my charts. Does a great job of capturing ebb & flow of markets over longer time frames — and usually does a good job of keeping me in the right “mode.”

Markets run, contract, run, contract. Pattern as old as time.

2/x

Some free wealth advice from a guy who started out poor, retired at 40 & is now 46 (a small thread): My net worth has more than tripled in 6 years. Nearly all of that came in the last 24 months, when I stopped “trading” & started using TA to be patient & trade less.

While everyone tries to guess what comes next, figured I'd take a little bit of time here to discuss why, as a weekly/monthly trader & investor, I'm sidelined and the concept of a "circuit break exit" that got me out last week, and why it matters to me. I've written before but for me, generally, when $SPX closes < 60wk EMA after starting the week above both the 30 and 60wk EMAs, while 30 > 60: that's a "get out" signal.

I'll exit investments, and exit any trading book holdings that are < 30wk EMA when that happens.

Had someone ask via PM what it would take for me to get “bearish.” I’ll take that to mean what would have me exit my positions: here’s a brief guide, and it’s not complex (took me years to get comfortable with simplicity).... When trading, I use weekly charts mostly. Buy either breakouts or cheats. Sell when weekly close is <30EMA, or sometimes I’ll use <60EMA. Exception: parabolic moves.

Yes, that’s it. My process is directly rooted in Stan Weinstein’s trading philosophy, with some CANSLIM.