Category Founder’s Trading Journal

• It appears that the market wants to go up, is scared to be short, or is optimistic that the Fed is ready to restart the music. It does not seem to matter how many chairs are left or how close we are to the exit.
• In his last speech, Fed Chairman Powell pulled out a few doves, so the market cracked a smile.
• Consistent with its new-found optimism, the market closed above some important lines yesterday, including the 5-period Sell/Buy Stop line in all time frames – daily, weekly, and monthly.
• Yesterday also saw a high of the low bar (HOLB) pivot, and the price closed above our Algo Trigger. Globex, at this writing, is trading above yesterday’s high.
• If the CPI report pleases, you can be sure many insiders were tipped off. 
• If nothing else is obvious in these turbulent times, we at least know that the Orwell Administration is corrupt to its core.
• The number is a lie anyway; real inflation is typically double the number. Of course, you already know that if you buy anything these days. We can’t all be as stupid as the Orwell clowns believe, though I am beginning to wonder how many stupid people really exist. It is likely many volumes higher than I ever thought.
• One day is not a trend, but yesterday’s volume supported the Pivot.
• Yet, we have seen this movie before. Fed Chairman Powell talks a little dovish a few weeks before the meeting to pump the market up, then dumps all over it with the announcement, thus avoiding a crash.
• As I have said all year, the better the market does into the meeting, the easier it is for the Fed to raise rates.
• And with the abysmal 10-year U.S. Treasury Auction yesterday, who can say what comes next? And don’t forget about the Fed selling off its balance sheet – another pale over the markets and interest rates if the Fed follows through,
• Perhaps President Orwell and his WEF comrades in Europe now see the consequences of stealing Russia’s reserves. Foreign countries no longer want to buy our treasuries because they don’t trust us and are sick and tired of being ordered around by our elites. I seriously don’t blame them.
• So who buys the U.S. debt? The Fed and the U.S. Treasury will buy most of it by printing more money. Do you see how that works?
• Rumors abound that they finally arrested FTX Crypto CEO Sam  Bankman in the Bahamas, who Fried many investors from their assets. 
• Perhaps Sam’s Orwell administration fix could be a Community service sentence to advise the U.S. Treasury and Fed on how to run their Ponzi scheme best.
• Anyway, Your guess is as good as mine for the next move, though the probabilities favor some positive tailwinds for the Stock indexes from here forward. We are coming into the next few days in cash, though some of our group went long on yesterday’s short-covering signal. we will deploy cash in either direction as the price action dictates.
• The Founders Group covered our short position yesterday, established on 12-1 at 4084. We cashed in at 3969 (adjusted for the March 2023 contract) for a gain of 115 points. It was a little bit early on our options butterfly, but profits are better than losses if the market decides to rally here – even if short-lived.
• And all the cycles and seasonal tendencies support the market pivoting in the next few sessions. After expiration (quadruple witching), the market will have a clean slate to work with next week.
• But my long-held view has not wavered – we are likely entering a long-term trading range yet to be solidified on the top end. We should continue to move sideways into the middle of the 100-year channel and perhaps experience dastardly drops along the way. This would be similar to the 18-year trading range we experienced in the late 1960s and 1970s. A lost decade if you will.
• I expect to revisit the October 13th low at least once early next year, if not more often.
• But I am not married to any scenario and will go with the flow and the Algorithms.
• Add to the narrative that individuals and professional money managers have likely taken their tax losses already. Professionals start reshuffling portfolios in December to put some lipstick on the pig before they report one of the worst years in recent memory. Even conservative, “balanced” portfolios are down 16% on the year.
• And as to “Guilty on All Charges?” Elon Musk and Twitter have the receipts to jail Fauci and others. My opinion is that Fauci is a murderer – no ifs and or butts. Sure, we suspected what was happening at Twitter all along, but it is stunning to see the evidence as Twitter drips it out daily.
• Sure, the FBI and CIA worked with Twitter to undermine a sitting President and support a Coup d’etat. But what is scarier is how the actual, brainwashed Twitter employees seriously believed in what they were doing. It is not unlike all the people who voted for and supported the Orwell coup all over this country. These people are real; the conservative losses are not all due to cheating.
• Those who fail to study history are doomed to repeat it. We have an entire generation indoctrinated by the Marxists. They represent unearned freedom in undisciplined hands. Very scary stuff!
• My favorite indicator for trading is still WWSHD – “When What Should Happen Doesn’t.” What does it mean when ABC, NBC, CBS, and other lamestream media do not even mention the Twitter files, one of the most important Journalistic stories of our lifetime? It should be clear. They were/are all in on it. The lamestream media has been doing the same thing Twitter did, along with Big Tech.
• Yesterday, Elon Musk tweeted, “The woke mind virus is either defeated, or nothing else matters.” He is right, and we all need to join the fight. As he also tweeted yesterday, “Truth Resonates.”
• Nothing is guaranteed for this country or life in general. It will take a decade to recover from this era if we recover at all. Freedom is the battle of a lifetime and the most important issue for the future of our children and grandchildren.
• It is still hard to swallow that all of this is happening right before our eyes. It is like having 50-yard line seats to history. I pray that our country survives it.
• By the way, do you think Ukraine has gotten its money’s worth for hiring Hunter Biden for $85,000 monthly to serve on Ukraine’s Burisma board? They spent about $1 million on him for a $100 billion return.
• Of course, Ukraine is not a strategic U.S. interest! The Biden family was bribed, and something needed to replace the Afghanistan money-laundering operation for the politicians and their cronies
• Should Trump still have been impeached for the phone call with Zelensky asking about the Biden crime family? You cannot make this stuff up.

A.F. Thornton