Code-13874A = BUY?

Code-13874A = BUY?   Howdy ,   What is Code-13874A all about?   It's the designation the CFTC has given to the E-mini S&P 500.   It's showing that small traders (those who trade 10 or fewer contracts) are still selling short.   In fact, they added another $1.8 billion in net short positions. These traders are terrible market timers the majority of the time.   That's why my SMI strategy has easily beaten 99% of money managers since I invented it in 2006...   ...because it trades the opposite of what these folks are doing.   On top of that, you have the worst AAII bull/bear spread since 1990.   I take those numbers with a grain of salt for now because it's an opinion poll. You know what they say about "opinions"   // Quick aside: My team is in the process of adding sentiment data to The Boss to see what machine learning shows. That and option data. I'll let you know what we discover. Right now I'm knee deep in figuring out why country ETF fund flows are building extremely successful strategies. Maybe I should take my own advice and just trade it. The "why" isn't so important. //   You also had that 90% up volume day on the NYSE on July 19th. That's like the dinner bell ringing.   And then there's the study which shows buying when a recession is announced (which takes 6 months) has resulted in an average gain of 24.4% 12 months later.   But I know, I know..."it's different this time."   Those are the four most costly words in the English language.   P.S. If you've come to the conclusion that drawing lines on charts sucks...   ...and Elliott Wave is basically Phrenology for stock traders   ...and Fibonacci is unproven (0.33 and 0.66 work better...I know because I did the hard work of testing)   ...and chart patterns are an illusion we use to haphazardly gain certainty in an uncertain world...   ...well then maybe you can benefit from this:   Click here >>     Trade smart,   Dan "Prince of Proof" Murphy                             Portfolio Boss, Inc. 260 Newport Center Dr, Suite 100 Newport Beach, CA 92660   Don't want to stay in the loop with Dan? We'll be sad to see you go, but you can unsubscribe to no longer receive emails.   Government required 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.