Well, the bulls managed an explosive, terrifying breakout this morning, only to have it blow up in their face. The bulls are basically the Russian soldiers – – childish, clueless, brutal, and amoral. Whereas the bears are like the Ukrainians: proud, brave, discerning and, in the end, will be triumphant. It’s heartening to see the bad guys getting beaten. Because, umm, I mean well, apparently.

In that spirit, I humbly offer the suggest to short the ever-loving bejesus out of Cadence Design Systems (CDNS) based on its near-closure of its price gap.

Ouch, what a day! Today was as awful for the bears as yesterday was glorious. Since we seem to be toggling, does that mean Thursday is going to go down? Perhaps.

For the moment, I really just had one “after the close” event to watch, and that was the earnings for OKTA, which is one of my bearish positions. Well, it came out, and it did that typical “roaring higher and then plunging” thing that happens so often with these events, and it’s down double digits right now. Good!