State of the Smart Money
Corona Del Mar, CA
Howdy Friend!
It's been just over 14 years since I coded the Smart Money Indicator strategy.
It literally took weeks and sleepless nights, because I had to make a custom program for gathering COT data, then a script written in PERL to append the data, then custom coding inside a back testing platform.
I'm glad the Ai we invented programs itself these days. I don't think I have the stamina to stay up until 3AM anymore.
Anyhoo...you're probably wondering what the strategy is saying as the S&P 500 hits new highs.
The S&P 500 is still on a BUY signal.
Long-term bonds are on a SELL signal.
Notice that, with a trading strategy, there are no weasel words like "as long as the Fed does xyz."
Or, "if bonds don't plummet, then...blah blah blah."
That kind of trading will make you as confused as a woodpecker in a petrified forest. The beauty of a trading strategy is that it gives you clear signals... Buy or sell!
A trading strategy is like having a recipe for baking chocolate chip cookies. But, instead of yummy cookies, you're following a recipe for pulling money outta the markets and into your account.
That's the best kind of recipe if you ask me.
These days, I'm no longer the chef experimenting with different recipes...I just leave that to The Boss Ai which is connected to a multi-million-dollar network of computers.
It can experiment way more than I could in 100 lifetimes.
Getting back to the SMI... the SMI bonds strategy is up a whopping 28% this year.
There's always a bull market somewhere as they say, which is why I love trading multiple strategies.
Speaking of multiple strategies, check out these three strategies that have completely shrugged off the 'rona:
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Disclaimer: The results listed herein are based on hypothetical trades. Plainly speaking, these trades were not actually executed. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under (or over) compensated for the impact, if any, of certain market factors such as lack of liquidity. You may have done better or worse than the results portrayed.
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