So here we go:
Which renders the complete stupid China/US trade news (AKA absolutely nothing accomplished by Team Taco) and CPI/PPI utterly moot. No one cares anymore.
All of which means my IWM puts should be looking nice tomorrow, although obviously I wish I had way more of them. I mean, straight up, I’ve been jail-raped so badly since April 7th that I lost a lot of my mojo, so – – yeah – – they got me again. Scared to pieces!
Worse than that, of my 20 positions, 2 of ’em are energy shorts (XLE and, much smaller, XOP). Crude oil is absolutely exploding right now.
Therefore, the “gap fill” I anticipated from XLE is certainly going to transpire, and far above it, although the gap that’s going to get filled is located somewhere in between my trouser pockets, and I am NOT going to like it.
Anyway, of my 20 positions, I suspect 18 are going to do great at the open, and 2 will get blown out instantly with an ugly loss. The funny thing (in a gallows humor sort of way) is that I was disappointed I couldn’t close them in after-hours trading at a loss, even though the most recent post was precisely about how stupid that kind of thing is. I never learn, eh?
