The entire market is raging higher including, sadly, the small caps. MSFT and META provided the gasoline for the fire, but I did want to point out something about both of these: they essentially opened up at their highs and have been selling off ever since. That little fact isn’t fazing the market, but just FYI, here we have Meta slipping beneath its open:
And Microsoft, which almost perfectly sealed its gap of 439.52 from its last earnings report late in January.
I’ve got to level with you, and I’m a fool to say this, but over the past eight trading days, my own zeal for the markets is neatly represented thusly:
I do NOT feel in synch, which is why I have been entering no new positions at all but only closing those unworthy of remaining open. Thus, I’m down to a laughable eight positions (as opposed to almost forty during more passionate times last month).
I think I’m going to just wait for AAPL and AMZN to get out of the way, as well as the jobs report, before daring to do anything else. The tide is turning in a way that’s making me very uneasy, so I’ve changed from aggressive mode to capital preservation instead. Bleah!
