I expect a very quiet day from here as the traditional early morning ramp up (+0.5%) is now in place and we can trade in a 2-4 S&P point range for the next 5 hours, until 3:30 PM shows up. NYC and Greenwich, CT quietly shall be emptying by the minute as people leave early for the long weekend. Thankfully computers do not need to make the drive to Martha's Vineyward so they can continue working. I see no interesting corporate news and every position in my portfolio except one is trading in a concise range of +/- 1%.

I'll be working on some catch up posts today to post, that I have not had time to get to earlier since we are back to what I call the Siesta Market (i.e. you can take a nap mid day). Run the market up in the first 60-90 minutes, leave at 11AM, let the HFT traders milk the system for 4-5 hours pushing stocks back and forth in tight ranges, working thousands of trades a second while collecting made money, and then turn the market back on at 3:30 PM, preferably rocketing it up 0.5% or so in a last minute flurry to finish the day on a positive note.

I have been doing some thinking and after backtesting this over the past 6 months, my mutual fund shall only be operational 29 minutes a day. In fact I shall call it The 29 Minute Fund. I shall buy SPY ETFs at 3:30 PM, and sell them at 3:59 PM each day. The backtesting shows this to have a 81.27219821% success rate the past 6 months. That is not Goldman Sachs good, but it's a pretty sweet success rate.

After that fund brings in a few billion I'll launch The Siesta Fund in which I'll buy in premarket 9:00 AMish (the same SPY futures) and sell them by 10:30 AM to 11:00 AM at which time the market is almost always run up on economic news - good, bad or indifferent. Then the fund will shut down while I drink some fruity colored beverages. I'll then reopen the fund mimicking the strategy of the 29 Minute Fund 3:30 PM to 3:59 PM. The expense ratio on this fund will be double that of The 29 Minute Fund because I am doing double the work. The success ratio of this has been 77.21218921% as I backtest the past 6 months.

You think I kid? Try it yourself - it is almost like clockwork!