VTI is a gauge of the overall US equity market.

Notice how the voting mechanism is working on this run up. The price is moving higher, but the vote, the volume, is weak. That’s the tell on my recent call.

Peace

Look Out Below

Volume

We hope, however, to obtain a real understanding of the problem of exchange by
studying it from an altogether different angle; this is, from the perspective of a
“game of strategy.”
-John von Neumann and Oskar Morgenstern
Theory of Games and Economic Behavior

The theory of games is a theory of decision making. It considers how one should make decisions and, to a lesser extent, how one does make them. You make a number of decisions every day. Some involve deep thought while others are almost automatic.
-Morton D. Davis

I recently flagged the short entry. Discussing this decision with my collaborators at
The Tinker Factory, our conversation veered off to Game Theory. Stay tuned for more announcements regarding Game theory and all of it’s implications.

Peace

The complexity of a decision is minimized if you view things visually, that is, if you Trade the Picture.
-Mr. Volatility

The Reflection

1) I think oil trades lower and I own a few puts.
2) In a Happy Day’s episode filmed in the late 1970s, Fonzie obtains a library card and declares, “Reading is cool.” The following week there was a 500% increase nation wide of children obtaining library cards.
3) The trend is your friend, til the end, when it bends.

Peace

Oil

To everything - turn, turn, turn
There is a season - turn, turn, turn

-The Byrds

It is time to go short again.

The market has been inching higher on light volume.  Yesterday’s sell off is an ominous sign.  It is a tell for tomorrow’s economic numbers.  They will not be good.

It is time to ride the next wave lower.  I said I’d let you know when.  It’s time.

Peace

Today, I took a break from the office and did an open water swim with some pals.
Happy New Year to all.
Peace.

Swimming with Sharks