Bill Rempel, a.k.a. NO DooDahs!

Data today and tomorrow morning, and I don’t care. Yesterday’s up day meant that the bottom-fishing “SPY buys” on margin didn’t execute, and that the next opportunity for that strategy will not be any earlier than next week. The five-day model is neutral, while the other timeframes (20 and 250 days) are both bullish. My percent long will be high 80’s, unhedged, after ditching Jones. If the data is well-received by the market (note that “accurate” and “positive for the economy” are not part of my equations), I will enjoy it. If it isn’t, I will be looking for a point to buy some of the weakness, provided the technical models are still bullish by the weekend.