Good morning, everyone. I had a super-productive weekend, and I was delighted to see that out of 40 original ticker.art creations, freakin’ 37 of them sold already. Yowzah! I’m also very happy to see what’s going on with the markets. As we look at ES, we can see a nice flow of red, my favorite color:
The breakdown in NQ, against which I also have puts, is even more pronounced:
So my 12 puts look like they’re going to have a grand old time at the open. What’s fascinating, however, is that the TNRevolution world (energy) is going oh-my-God crazy as well. Crude oil continues to fly higher (which will be yet another headwind to the doomed global economy) and, naturally, Rev’s XLE is as well. This is just nuts! Again, it smells like August 2008 all over.
Here is a longer-term view; crude oil has been a rocket ship.
I can only point back to what I said on Friday……….I imagine you might be seeing me dig this quote up more than once:
