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In recent days, I’d give my charting a grade of “A” and my trading execution about a “C+“. I have been, on the whole, doing NOTHING with my positions (which is good), but I definitely mucked things up a bit monkeying around with those short-dated SPY and QQQ puts. Just look at this minute bar chart of the /NQ and see how the explosive move higher was absolutely blown to smithereens. I watched the puts I dumped both go up triple digits. Not a good feeling!
Below is TBT, the ultra-short against TLT, and it is doing PRECISELY what I predicted. This is a harbinger of much higher interest rates to come.
Powell has failed. He just doesn’t know it yet.
Cathie Wood, the most overrated fund manager in human history whose fame is entirely based on the fact she’s a female, must have considered her fund to have been saved about a month ago, since the fakery of 2023 was flowing to her fund’s benefit. As a chartist, however, I can offer that the saucer pattern which hinted that maybe ARKK would recover has pooed all over itself, and I think she’s going to back to showing up on CNBC every day yammering about this and that, but overall losing money for her investors.
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