Mike Farrell
384 posts







Back in the 1960s there was a company called National Video. They made color television picture tubes, and were the first to produce a 23-inch rectangular color TV picture tube. It quickly became the industry standard, and every major TV set producer scrambled to get their hands on National Video’s picture tubes. They literally couldn’t make them fast enough. The stock went from a low of 15 in 1964 to a peak of 120 in October 1965. The final 70 points came in just the last few months. Eventually, though, the Motorola’s and Zenith’s of the world produced their own color TV picture tubes. They didn’t need National Video’s any longer. The stock went from 120 to a low of 40 in 1966, 15 in 1967, and then to zero in 1968 as the company went bankrupt. The poor thing couldn’t even make it to the Go-Go years. In those days, Mueller and Company produced tick volume charts. National Video’s chart depicted the stock going from Northwest to Southeast in a straight line while the tick volume line went straight up. The stock was a fundamental short. In those days, short sales could only be executed on an uptick. Which meant the whole world was always offered up an eighth. Oh, National Video’s ticker symbol? NVD.A. This story is true, but any resemblance to any other companies is purely coincidental.






THREE CONSECUTIVE +3% S&P WEEKS As reported by many, the S&P has posted three consecutive +3% weeks (+3.36, +3.55 & +4.53%), a feat that has only been accomplished twice before since 1950, once in the week ending on Sept 3, 1982 and again 38 years later on the week ending June 5, 2020. As is their nature, the Bulls have embraced those two data points as they were followed by +34.5 and +32.4% S&P gains in the following 12 months. Being one who would prefer to have more than two data points to support decisions impacting the equity risk associated with my family's investments, I thought it possibly worth the effort to survey all fifteen trading day sequences since 1950, regardless of the day of the week upon which they fell upon, defining the first five days to be the first week, Days 6-10 to be the second week and Days 11-15 to be the third week, rolling three week proxies if you will. This would give us roughly five times as many data points in our sample set to review vs using strictly calendar weeks ending on Fridays. In this second scan, there were eight cases which met our three consecutive +3% week constraint, including the two aforementioned cases that were based on actual calendar weeks and are yellow highlighted in the table below. The results of those eight cases would do little to dampen the Bulls enthusiasm for this setup given that, In all eight cases, the S&P was up at least 3%, one Quarter later for an avg Quarterly gain of 8.37% & In all eight cases, the S&P was up at least 6%, six months later for an avg six month gain of 15.2%. The one slightly tainted data point was the 1987 case which is the obligatory Perfect Thrust Study buster, in that it was launched in January with all the classic thrust signal characteristics a quant might covet which was then followed by a 20% advance into August but was brought to its knees in October by a vicious assault upon double digit interest rates which led to the Black Monday on October 19 you may have heard speak of. One of 18 studies that the 14 markets I follow presented to me this week which were shared with my Market Study subscribers this week ~ waynewhaley.witterlester@gmail.com











Ask @cfl players how they feel about this new era of playoff football. 8 out of 9 teams making it starting in 2027 instead of 6? I guarantee 100% of them love it. More games, more exposure, more chances to put extra coins in their pockets 💰



