Quote from: s29 on May 15, 2019, 09:20:48 PM

Another very funny thing: Armstrong keeps on saying how foreigners are endlessly binch buying US equities, and that keeps the Dow up. Why the hell do the numbers say something totally different?? Huh

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However, for yet another month, the real action was away from the bond market, and in US stocks, where TIC data showed that foreigners sold US stocks for a record 11th consecutive month and 13 of the past 14:

The aggregate $207 billion sale in the past 12 months, is the largest liquidation of US equities by foreigners on record.

https://www.zerohedge.com/news/2019-05-15/foreigners-dump-record-265-billion-us-stocks-past-year

Someone please explain Armstrong's "logic"...

StrikeEagle knows why, being Armstrong. I'd also like to know what method he uses to track global capital flows; last I read on the site, it was a third party provider. Armstrong's model requires accurate and reliable data, and if he does not have that, the whole thing is put to question. A single thing goes wrong and, like a complex ecosystem, everything else is affected.

https://i.imgur.com/UYY7rXj.png Shorted the BA high today. Similar setup to last time's Dow short setup.

Also, didn't Armstrong call for a real estate high some time ago? But IYR has been making new highs practically every month this year...