Trading hours are usually sacrosanct to me, but I made an exception today for Mochi’s first puppy class. Even so, I’m managing to put together a post. What was curious to me was that, just before I left my office, the market spiked higher (especially gold) which was making a not-great day even worse. By the time puppy class started, though, the spike had vanished, and the market had softened. Importantly, today’s high did not push past my resistance line (dashed red):
The NASDAQ, strongest today, also respected its resistance line. Thanks, baby Jesus.
The small caps actually strike me as one of the most promising short. I shorted it earlier today (and, as usual, the dashed red line is resistance as well as my stop-loss).
Gold was really weird, because like Bitcoin yesterday, there was a buying frenzy out of the blue which vanished as good as it began. It tried to make a new high but just barely failed to do so.
As for palladium, I have spent the last month asking myself every variation of “What is WRONG with you??????????” If for no other reason than my self-esteem and mental health, I wish this stupid thing would stop climbing every day. Genius chartist. Idiot trader. You’re welcome.
As for the puppy class, unlike Duke (who wants to meet every living organism on the planet), little Mochi is quite shy. One step at a time!
