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I am just ITCHING for the chance to short the holy bejesus out of anything interest-sensitive, but I think we’re going to have to wait until later next week. Here’s one fine example, in the form of emerging market bonds:
……..for me to be sick! I’m truly not feeling 100%, folks, and I wish I was. These are the kinds of days I live for (although, weirdly, I took stock of my emotions, and I wasn’t at all happy………so I think I’m committed to being a total sad sack, no matter WHAT my portfolio is doing. I suck!)
Anyway, after the Apple/Amazon earnings orgasm (see circle), the NASDAQ has been showing no love to its zealots.
I came into the day with 57 short positions, and every single one is profitable (some of them obscenely so). I just sent out this post to my PLUS members celebrating a tremendous trading victory. For those of you who have financially benefited from my hard work here, I would encourage you to join Slope PLUS. Members make this place possible!
Greetings from my home office, where it’s three in the morning and my dogs are wondering what in the name of God I’m doing up. Well, I’ve been coughing a lot – – so much so that I couldn’t sleep – – but was pleasantly confronted with huge splashes of red across the screen.
It seems that blowout earnings from AAPL and AMZN aren’t doing the trick. Like I’ve said here before (to some amount of derision……….) Bull Markets DIE on GOOD NEWS. And we’ve had a hell of a lot of good news. Anyway, I think the NASDAQ is poised for a measured move. I didn’t do a screen grab big enough to show the target.