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Below is a chart of Cathie’s fabled fund ARKK up to its mid-February 2021 peak. Take note of the volume. Interesting how more and more people kept jumping into this thing, right as it was ready to collapse by 60%, isn’t it?
OK, that’s the end of the so-called weekend for me. Time to rest of for an insane week-long battle!
Hello, everyone. I’m typing this on Sunday evening about an hour after the futures markets have opened. In the least surprising news in human history, the ES, NQ, and RTY are all green right now, although modestly so. I wanted to share a few off-the-cuff thoughts as we head into this important week. Believe me, this post is as much for me as it is for you. Perhaps even moreso.
Some of you know I am a cartophile (map nerd) so I find this kind of thing mesmerizing:
If there is one thing we know about the markets, it is that we do not know what comes next.
With the markets, anything can happen. Anything can happen, at any time.
What the markets do tomorrow [and the next day, and the day after that…] may be what is expected, or maybe not.
Therefore, the second thing we [should] know about trading the markets is to play it safe. Be prepared. Be prepared for the unexpected. That may mean a hard stop is in place on one’s trade, or that one is watching like a hawk to get out immediately if the trade goes bum. Have it your way. Just be certain that your way keeps losses Small.
Upsy-daisy is an older phrase that some of you youngsters may never have heard. As interjection, it is an expression, usually of reassurance, said when someone stumbles or is being lifted up.
Whoops-a-daisy is what many issues in the market have done of late, as in, taken a hit to the downside.
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