Republic Risk: Minutes

Momentum remains positive as we await the release of the November Fed minutes.

Equity Index Strength Is GREEN on the S&P 500 and GREEN on the Russell 2000

Each morning, we assess the full flows of the market by measuring statistical metrics on a very specific number of stocks to determine broader sentiment and the momentum trend. When these readings turn red, we focus on cash, build trades around positive sectors, or take inverse positions against indices. When it is positive, we focus on short-squeeze stocks, companies with improving fundamentals, and trading/investing around the actions of corporate insiders.

This morning, futures are flat for the reasons I’ve outlined in the last few days. We’re overstretched and overbought. Tuesday has been a so-so day in the markets this year - while Wednesday has been the worst day of the year. Now’s a good time to sell calls expiring this week or next week on existing positions to squeeze a little more money out of this market (But don’t see in the money or one tick out of the money. Take what the market is giving you).